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DLL Reports 13.9% Profit Growth in First 6 Months, NA & Europe Strong

August 24, 2015, 07:20 AM
Filed Under: Corporate Earnings

DLL recorded a net profit of EUR 257 (USD 286) million in the first six months of 2015 which represents an increase of 13.9% compared to the same period in 2014.

“This step forward is the result of our successful delivery of the value proposition in the markets we service. Our diversified financed portfolio is growing also resulting from our continued focus on new business development. Next to that we apply strong risk management showing stable and modest risk costs. The profit increase was also supported by currency effects,” noted Frans Overdijk, CFRO and member of the Executive Board.

Portfolio Growth Mainly Through Europe and North America

DLL is active in more than 35 countries worldwide in 4 different continents and targets 9 different industries: food, agriculture, healthcare, clean technology, construction, industrial, transportation, office technology and automotive. During the first half of 2015 business in food, agriculture, construction, transportation and industrial grew substantially which mainly contributed to a year over year growth of the company’s leasing portfolio with 4.7% towards EUR 34.9 (USD 39.0) billion. From a geographical point of view Europe and North America were the primary contributors to this portfolio growth.

Customer Focus

“Looking at the second half of 2015, we will continue to support our partners with tailor made financial solutions to unlock business opportunities. With our digital services we offer customers a faster, more reliable and easier way of doing business. Our Industry expertise, our people, our global footprint in combination with consistent local execution throughout the world, enables a unique customer proposition. DLL wants to stay agile and react quickly to changing market needs. In the end this constitutes our successful business model, putting our customers at the center of everything we do,” concluded Bill Stephenson, CEO and Chairman of the Executive Board.

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