Grenke Leasing has announced a new business
volume of €490m for the first half of 2012, 19.4% greater than
2011’s corresponding first-half volume of €409m.
Grenke’s contribution margin, an accounting
concept which allows the company to determine profitability, saw a
17.3% change between the first half of 2012 and the same period in
2011.
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The German IT financing specialist credits
its high contribution margin to “the consistently good competitive
environment on individual international markets”.
International business contributed 65.9% to
Grenke’s new business volumes over the period, up from 61.6% in the
previous year.
Grenke continued to see growth in its
biggest international markets of France, Italy and the UK with
increases of 20.7%, 17.5% and 35.2%, respectively..
The Netherlands experienced the largest
annual change with an increase of 53.5% on the €7m recorded in the
first half of 2011.
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By GlobalDataThe group said in its half-yearly results
statement, the company is on course to reach its target of 15%
growth for new businesses in 2012.
A full financial report for the first six
months of 2012 is expected in late July.
