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grenke leasing new business sees 5.8% uptick in Q3 2025
Yahoo Finance· 2025-10-06 13:52
Core Insights - Grenke reported a 5.8% increase in new leasing business in Q3 2025, totaling €781.2 million ($917 million), compared to €738.5 million in the same quarter of the previous year [1] - The company aims for €2.4 billion in new business for the full year, with IT equipment being the most leased asset category, accounting for 26.5% of total contracts [1][2] Business Performance - The proportion of direct business with customers remained stable at 17.9%, with lease applications rising to approximately 159,000, resulting in around 77,000 new leasing agreements [2] - The DACH region (Austria, Switzerland, and Germany) was the top performer, generating €207.2 million in new business, a 9.4% increase, with Germany contributing over 21.7% [2][3] Regional Growth - Western Europe, excluding DACH, saw a 12.3% increase in new business to €197.3 million, while Southern Europe grew by 7.9% to €179.7 million [3] - The 'Other Regions' category reported a significant 22.2% increase to €59.1 million, with notable contributions from the US market [3] Financial Overview - As of September 30, 2025, the company's deposit business was €2.19 billion, showing a slight decrease from the end of 2024 [4] - Grenke Bank's new lending business, primarily microcredit, increased modestly to €10.2 million [4] - Overall earnings for the first half of 2025 were recorded at €26.2 million, with a strong performance in the leasing division, which saw a 9.8% rise in new business [5]
Leasing Industry Icon Mitch Fadel Joins DriveItAway Holdings Board of Advisors
Globenewswire· 2025-09-25 13:28
Company Overview - DriveItAway Holdings, Inc. is a leader in digital mobility and flexible vehicle lease-to-own platforms [1] - The company provides a comprehensive, turn-key program with proprietary mobile technology, insurance coverages, and training for dealerships [3] Leadership Appointment - Mitch Fadel, former CEO of Upbound Group and Rent-A-Center, has joined DriveItAway's Board of Advisors [1] - Fadel brings extensive experience in the lease-to-own sector and has a track record of scaling companies profitably [1][5] Strategic Vision - The company aims to transform automotive retail by making affordable, flexible vehicle access a reality for underserved markets [1] - Fadel expressed excitement about helping DriveItAway capture the demand for personal transportation in these markets [1] Recent Developments - DriveItAway has announced a national partnership with Free2move, integrating flexible lease-to-own technology with OEM-backed vehicle supply [1] - This partnership is expected to create a powerful platform for rapid expansion in the automotive retail space [1]
创全国知识产权ABS发行利率新低!华安资管助力兴泰租赁ABS成功簿记
Group 1 - The core viewpoint of the news is that Huazhong Securities successfully managed the first data asset-backed securities (ABS) project aimed at supporting intellectual property for technology innovation enterprises in industrial parks, setting a new benchmark for asset securitization [1] - The issuance scale of the ABS is 321 million yuan, with a priority ticket interest rate of 1.86%, marking the lowest historical rate for intellectual property ABS in China [1] - The product received widespread market attention and enthusiastic subscriptions, providing innovative financing solutions for 20 high-tech enterprises, with individual financing amounts ranging from 1 million to 80 million yuan [1] Group 2 - Xing Tai Leasing plans to further advance its technology innovation business transformation strategy, focusing on innovation as the core driving force to continuously optimize financial service solutions for small and medium-sized technology enterprises [2] - Huazhong Asset Management emphasizes its commitment to serving the real economy, aiming to drive corporate growth through specialized and comprehensive financial services, thereby injecting new momentum into the high-quality development of the regional economy [2]
Arval net income plummets 49% in H1 2025 to €351.4m
Yahoo Finance· 2025-09-16 13:50
Core Insights - Arval reported a net income of €351.4 million in H1 2025, marking a 49% decline from €688.8 million in H1 2024, primarily due to an unfavorable base effect from high vehicle sales in the previous year [1] - The company's gross revenues increased by 10.1% to €10.5 billion, but gross operating income decreased by 24.2% to €1.09 billion [2] - The number of electrified vehicles in Arval's fleet rose by 23.7%, with fully electric vehicles increasing by 42.6% [4] Financial Performance - The decline in net income was attributed to a high level of vehicle sales in H1 2024, although financial and service margins improved due to an increase in outstanding contracts [1] - Excluding car sales, gross operating income reflected a 16.6% increase due to margins on lease contracts [2] - Capital gains from vehicle sales and disposals were €78.1 million in H1 2025, a decrease after three years of exceptional levels [2] Future Outlook - The base effect from vehicle sales is expected to lessen in H2 2025, with projected capital gains from vehicle sales and disposals reaching €253.4 million in H2 2024 [3] - Arval has extended its Arval Beyond plan until 2026, targeting a fleet of two million vehicles, including 400,000 fully electric vehicles [4] - The company renewed its partnership with CaixaBank to finance 200,000 new vehicles over the next five years in Spain [5]
The Leasing Foundation announces two new board appointments
Yahoo Finance· 2025-09-16 11:33
Core Insights - The Leasing Foundation has appointed John Phillipou and Aysha Ellis-Aziz to its board of directors, enhancing its leadership team [1][2][3] Group 1: Appointments - John Phillipou brings three decades of experience in financial services, particularly in asset finance, invoice and cashflow finance, and specialist SME lending [2] - Aysha Ellis-Aziz will focus on events across all workstreams and has been a long-standing supporter of the Foundation, contributing to its Giving initiatives [3] Group 2: Foundation's Focus - The appointments reflect the Foundation's commitment to leadership in supporting talent, inclusion, and development within the business finance sector [2][4] - The Leasing Foundation is dedicated to supporting the business finance sector through five workstreams: Innovation, Equity Diversity & Inclusion, NextGen, Sustainability, and Giving [4]
ALBIS Leasing’s earnings before taxes decline to €2.7m in H1 2025
Yahoo Finance· 2025-09-15 14:09
Core Insights - ALBIS Leasing reported earnings before taxes of €2.7 million in H1 2025, a slight decrease from €2.8 million in H1 2024, despite an increase in new leasing volume to €54.3 million from €51.5 million [1][2] - The company maintains a focus on small-scale financing deals, averaging around €6,000 per asset, which has helped sustain a diversified portfolio [2] - ALBIS projects its new business volume for the full year of 2025 to be between €100 million and €107.5 million, with earnings before taxes expected to range from €4.5 million to €5.75 million [2][3] Financial Performance - Earnings before taxes for H1 2025 were €2.7 million, down from €2.8 million in the same period last year [1] - New leasing volume increased to €54.3 million, reflecting a margin improvement to 18.3% [1] - The second-quarter report for 2025 indicated a 14% increase in new business volume to €30.8 million compared to the previous year [4] Strategic Focus - The company reaffirmed its strategic focus on small-ticket business, which has proven effective in maintaining profitability despite rising corporate insolvencies and challenging macroeconomic conditions [3][4] - ALBIS plans to propose a dividend of €0.08 to €0.10 per share for 2026, indicating confidence in future performance [3]
X @Bloomberg
Bloomberg· 2025-09-02 10:42
Shareholders of Los Angeles-based Air Lease will receive $65 a share in cash from the buyers https://t.co/CuukMT7pcX ...
Willis Lease Finance: Looks Like All The Tailwinds Are Priced In
Seeking Alpha· 2025-08-18 05:22
Group 1 - Supply chain disruptions have positively impacted leasing companies in the aviation sector, leading to a global shortage of aircraft and engine parts [1] - Engine lessors, such as Willis Lease Finance, have benefited significantly from these disruptions [1] Group 2 - The article does not provide any specific financial data or performance metrics related to the companies mentioned [2][3] - There are no investment recommendations or advice given in the article [2][3]
Maui Land & Pineapple Company, Inc. Reports Fiscal Second Quarter 2025 Results
Globenewswire· 2025-08-14 21:04
Core Insights - Maui Land & Pineapple Company, Inc. reported strong financial performance with a 103% increase in operating revenues for the first half of 2025 compared to the same period in 2024, totaling $10,406,000 [3][9] - The company is focusing on maximizing land productivity and diversifying revenue streams, including launching an agave venture and improving leasing revenues, which increased by 46% year-over-year [2][3] Financial Performance - Operating revenues for the six months ended June 30, 2025, were $10,406,000, up from $5,128,000 in the same period in 2024, marking an increase of $5,278,000 [3][9] - Land development and sales revenues rose to $3,442,000 from $200,000, primarily due to contracting revenues from the Honokeana Homes Relief Housing Project [3][9] - Leasing revenues increased to $6,421,000 from $4,388,000, attributed to improved occupancy and updated leases [3][9] Costs and Expenses - Total operating costs and expenses for the first half of 2025 were $12,897,000, compared to $8,409,000 in 2024, an increase of $4,488,000 [3][9] - The increase in operating costs was mainly due to land development and sales costs of $3,157,000 related to the Honokeana Homes project [3][9] - Water and conservation costs rose to $1,253,000 from $709,000, reflecting increased operations and maintenance costs [3][9] Net Loss and Adjusted EBITDA - The net GAAP loss for the first half of 2025 was ($9,639,000), or ($0.49) per share, compared to a loss of ($3,247,000) or ($0.16) per share in 2024 [3][9] - Adjusted EBITDA for the six months ended June 30, 2025, was ($192,000), an improvement of $55,000 from ($247,000) in the same period in 2024 [3][9] Cash and Investments - Cash and Investments Convertible to Cash totaled $7,028,000 on June 30, 2025, down from $9,522,000 at the end of 2024, primarily due to pension termination contributions and development expenditures [3][9]
Touax: Effective transfer of TOUAX SCA shares to Euronext Growth® Paris and delisting from the regulated market of Euronext Paris
Globenewswire· 2025-08-12 15:45
Core Viewpoint - TOUAX SCA is transferring its shares to the Euronext Growth Paris market to better align with its size and simplify administrative obligations while maintaining access to financial markets attractiveness [1][2]. Group 1: Transfer Details - The effective transfer of TOUAX SCA shares to Euronext Growth Paris is scheduled for August 13, 2025, following approval from the Euronext Admission Committee on August 7, 2025 [1]. - The ISIN code for the shares remains unchanged (FR0000033003), and the ticker symbol will change to ALTOU [3]. Group 2: Purpose of Transfer - The transfer aims to provide a regulatory framework more suited to the company's size, simplifying administrative obligations and reducing management costs [2]. Group 3: Company Overview - TOUAX is a leading leasing company in Europe, managing nearly 1.3 billion euros in tangible assets, including freight wagons, river barges, and containers [5]. - The company is currently listed on Euronext Paris Compartment C and included in various indices such as CAC® Small, CAC® Mid & Small, and EnterNext©PEA-PME 150 [5]. Group 4: Listing Sponsor - TOUAX has appointed Gilbert Dupont as its Listing Sponsor to assist with the transition to the Euronext Growth Paris market [4]. Group 5: Upcoming Events - A video conference to present half-year results will be held on September 18, 2025, in French, and on September 19, 2025, in English [7].