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July 1, 2010

Deutsche Leasing to remain steady in Spain and Portugal

Deutsche Leasing is expecting its business in Spain and Portugal in the fiscal year 2009-10, ending 30 September, to stay at about the same level as the previous year, it has been reported. CEO Hans-Michael Heitmueller is said to have stated that the companys business outside Germany could post profits pushing into hundreds of millions of euros.

By Verdict Staff

Deutsche Leasing is expecting its business in Spain and Portugal in the fiscal year 2009-10, ending 30 September, to stay at about the same level as the previous year, it has been reported.

Spanish business is predicted to generate €100m again, while activities in Portugal are expected to rise slightly to €20m from €18m.

CEO Hans-Michael Heitmueller is said to have stated that the company’s business outside Germany could post profits pushing into hundreds of millions of euros.

Deutsche Leasing reportedly also plans to broaden its portfolio into other industries, such as renewable energy and the food industry, in order to reduce its reliance on the machine sector.

It is also purported to be looking at moving into markets such as Brazil and India, as well as Turkey and Ukraine if the political situation there stabilises.

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