CHG Meridian achieved growth in lease originations in both its domestic and international arms in the first half of this year, according to its interim results.
The German lessor saw a 15% year-on-year increase in its total lease originations, rising to €583m (£644m) in the first six months of this year from €509m over the same period in 2016.
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Wagner added that he was optimistic for the remaining year’s results, and noted growth in leases for healthcare and industrial technologies, relatively recent additions to CHG’s portfolio.
Lease originations in CHG’s domestic market rose by 17% year-on-year to €289m to count for almost half of new business in the first half of the year. Internationally, lease originations rose by 13% in the first half of 2017 to reach €294m.
Mathias Wagner, chairman of the board of management of CHG-Meridian Group, said: “CHG-Meridian has had a successful first half of 2017, achieving broad-based and dynamic growth in the volume of lease origination in Germany and the international markets.”
CHG generated a gross margin of €84m in the first half of the year, a 9% year-on-year increase. Outside of Germany, the total gross margin rose by 21% to €38m.
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By GlobalDataRemarketing
CHG’s remarketing arm saw marked growth in the first half of this year. The group sold 252,000 pieces of remarketed equipment at its centres near Frankfurt and Skien, Norway, a rise of 23% compared with the same period in 2016.
The group also saw a rise in customers opting for its data erasure services having introduced a such process for printer systems in June. CHG placed a record 64,000 assets under data erasure in the first half of 2017, rising from 57,000 in the first half of 2016.
Wagner added: “This represents a useful addition to the portfolio of end-of-life products and services that we offer as an expert in the professional reconditioning and remarketing of equipment.
“Our intelligent solution for printer services not only enhances our sales potential but also plays a key part in protecting the sensitive data of companies and institutions.”
