Deutsche Leasing (DL) recorded slow growth
over its last fiscal year, with total new business of €7.9bn
recorded for the 12 months ending September 30th 2011.
The total was a 2% increase from the previous
year’s figure. DL, owned by the Sparkassen network of savings
banks, attributed this fairly lethargic growth to difficult market
conditions, and less collaborative business with the Landesbanken
However, DL also recorded a 10% increase in
movable goods leasing revenue in the final quarter of 2011, and an
11% increase in domestic sales increase of approximately 11% to
€5.5bn from the year-on-year figure for 2010.
Kai Ostermann, chairman at DL, said: “By
increasing new business, we were able to maintain the high market
share that we won during the crisis.”
New business won in partnership with
Sparkassen savings banks stood at €3.2bn for the year, an increase
of €0.3bn from the previous year. DL’s foreign subsidiaries
increased their new business to €1.4bn, up €0.1bn from 2010, and
giving them an 18% share of total new business.
Machines and capital equipment, traditionally
DL’s strongest segment, grew by 10% to €3.6bn. In the automotive
sector, DL stated that the trend towards high-end models and
premium brands continued with segment growth of 11% to €2.7bn in
new business. In IT, 2010’s level of approximately €550m of
business was maintained. In the energy and transport sectors, new
business volume increased 35%, to approximately €700m. Real estate
leasing fell to €318m due to “difficult fundamentals” and – again –
a lower level of collaborative business with the landesbanken.
In May 2011, DL took over parts of the movable
goods leasing business of Hannover Leasing and reinforced its
capabilities in the rail and medical markets.
A spokesman for Deutsche Leasing said: “Like the previous year, the
2011/2012 fiscal year is starting out rather subdued. Due to the
economic and political imponderables, there is a higher planning
risk than in normal times.”
However, Ostermann remained confident that
Deutsche Leasing’s association with savings banks would prove its
“With our solid anchoring within the Savings
Bank Finance Group, Deutsche Leasing is on a stable foundation.
This is reinforced by the optimisation of the internal cost
structure. This cost optimisation initiative will be continued and
will provide resources for investments in products, processes, and
IT systems of the future.”