Eindhoven, August 23, 2018 - DLL, global provider of asset-based financial solutions, delivered a solid first half performance, highlighted by double digit net profit growth. The company’s focus on partnerships, specialized industry knowledge and innovation, coupled with a balanced spread of activities across geographic regions and disciplined risk management, led to continued strong results.
DLL recorded net profit of EUR 242 (USD 293) million in the first six months of 2018, which represented a 17% increase over the prior year. “These strong interim results were made possible by an engaged and talented workforce committed to delivering a first-class experience to our vendor partners and their end-customers,” commented Bill Stephenson, CEO and Chairman of the Executive Board. “Our deployment of innovative technologies designed to improve the ease, speed and flexibility of doing business with DLL are also paying dividends in terms of productivity gains and increased customer satisfaction.”
The company’s managed portfolio balance increased by 4% over the prior year and totaled EUR 32.2 (USD 37.5) billion. New business originations were down slightly when compared to first half 2017, but were impacted by the transfer of the domestic Dutch leasing and consumer finance business to Rabobank in 2017. Excluding these exceptional events and currency effects, new business originations from continuing operations also exhibited solid growth.