DLL recorded a net profit of €297m (£246.9m) in the first six months of 2016, representing an increase of 15.6% compared to the same period in 2015.

Earlier this year, DLL announced an agreement to sell its automotive leasing unit, Athlon, to Mercedes-Benz Financial Services Nederland B.V., part of the Daimler Financial Services global network.  The sale transaction is expected to be completed by the end of 2016.

The company’s managed portfolio grew by 4.7% compared to the same period in 2015, and totalled €38.36bn.  The portfolio balance will be adjusted downward following completion of the sale of the Athlon automotive leasing unit.

“Our first-half results continue to validate our business strategy, as well as our unrelenting focus on customer satisfaction and business development with the manufacturers, distributors and dealers who choose to partner with DLL around the world”, said Bill Stephenson, chief executive and chairman of the executive board.   

“DLL will continue to focus on the business of our partners, specializing in their markets and helping them sell more products and services with finance and leasing,” said Stephenson.  “By providing new and innovative digital tools to our partners and a top notch customer experience, all delivered by an empowered and engaged workforce, we will continue to differentiate ourselves in a growing, highly competitive market.”

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