German lessor Grenkeleasing has reported a net profit of €33.1
million in 2008, up 3.2 percent compared to 2007.
The company said it generated a volume of new business of €601
million, which represents a year-on-year growth of 18 percent.
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Grenkeleasing’s head Wolfgang Grenke said that the results
exceeded the company’s planned target for new business estimated at
15 percent.
Grenkeleasing warned that in the current climate “a
possible volatile development of refinancing markets and a
potential increase in the loss rate pose risks for the future,” but
added that in 2009 it expects a 10 percent growth “to be
achievable.”
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