Eindhoven, May 12, 2021 – DLL, a global provider of asset-based financial solutions, reported a net profit for the 2020 business year. In the face of challenging external conditions, the company delivered portfolio and income growth, while net profit was heavily diluted by higher risk costs attributable to the COVID-19 pandemic.
DLL reported net profit of EUR 180 million (USD 206 million) for FY2020. Despite the difficult economic environment and softening business demand, the company grew its portfolio to EUR 34.9 billion (USD 42.9 billion), an increase of 2% when excluding currency movements. This strong performance was achieved under challenging market conditions and supported by broad diversification across multiple industry sectors and more than 30 countries.
“This past year was unprecedented, and both our business model and global workforce displayed amazing adaptability and resilience,” commented Bill Stephenson, CEO and Chairman of the Executive Board. “It was reassuring to see that our underlying financial performance remained solid and allowed us to maintain our strong presence in the market. I am proud of our efforts to support our customers and help them overcome so much adversity during this crisis year.”