Germany’s VR Leasing posted a new business
volume of €2.24 billion last year, slightly down from the €2.32
billion figure achieved in 2008, but outperforming the overall
German market.
The Eschborn-based lessor recorded a loss from
ordinary activities totalling €18.8 million compared to a profit of
€19.2 million in 2008.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The company reported an increase in vehicle
financing business, from €813 million to €877 million. New
business within its international subsidiaries – all
based in the CEE region – fell by 46.1 percent to €1.25 billion.
New business via online tools achieved €686 million, an increase of
52 percent from the previous year.
VR Leasing’s CEO Reinhard Goedel said: “Of
course this is a result that hurts us. But after the bitter
economic downturn as a result of financial and economic crisis, we
have processed all identifiable risks in the 2009 financial
statements. […] For the current fiscal year, we are cautiously
optimistic, thanks to the measures we’ve undertaken.”
Antonio Fabrizio
