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.