Sogelease's ambitions for 2011: Two-digit growth and second position on the market
BRD Sogelease, the financial leasing arm of BRD group, expects new funding to rise at the same pace as last year, when turnover rose by 35% to 99m euros, which drove the company onto the second position on the financial leasing market.
"This year, we want new funding to rise at the same clip as in 2010
and we want to retain the second position on the market. Overall,
the financial leasing market will rise this year, but not at a
spectacular pace," stated Morles Vorlot, general manager of BRD
Sogelease.
The company, outside the top ten in the market's boom year, in 2010
leapt onto the second position while many rivals had their business
frozen. This year, though, several companies announced plans to
spur turnover, which is set to tighten competition.
The company saw turnover go up last year owing to rising funding of
the sale & lease back funding. Declines were registered in the
case of car and construction equipment funding.