Germany’s GRENKE Group reported a 26.6 percent
increase (to €150 million) in new business in the first quarter of
2010, with a “significant volume growth” in its international
segment.
The Baden-Baden based IT leasing and factoring
business said that international business contributed a share of
almost 59 percent, or €88 million. The lessor’s main international
business was France with €35 million. In percentage, the countries
with the most significant growth were Italy and the UK.
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The company’s contribution margin on new
business was €23.3 million in the period. The number of new leasing
contracts was 19,320 – while new inquiries increased to almost
50,000.
The lessor said: “The sharp increase in
inquiry numbers demonstrates that the demand for leasing is growing
strongly and that we gain market-share especially in our
international markets.”
In 2010, GRENKE plans to resume its expansion
strategy in Europe, with projects already in place for Italy
starting from April – following the opening of a new office in
Belfast in January 2010 and a contract with a franchise partner in
Luxembourg.
Antonio Fabrizio
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