grow to €4.5 billion in the first half of its fiscal year 2009, the
German lessor’s chief executive, Hans-Michael Heitmüller,
become “very cautious and hesitant” in their business investment
plans, postponing capital spending projects, which is leading to
“very slow demand” for loans and leasing solutions.
Reporting on its full year 2008 results, the lessor saw new
business volume grow an impressive 15 percent, to reach just over
€9 billion. Adjusted profit rose to €131 million, up from €104
million in 2007.
The lessor, which employs 1,906 people, also said that it had
largely hedged against falling used vehicle prices, having
anticipated the fall in residual values over the past few