CHG-MERIDIAN, a non-listed technology leasing specialist headquartered in Weingarten in southwest Germany, aims to generate in excess of €1bn from lease originations in 2012.

Jürgen Mossakowski, the chairman of the Management Board, announced at the company's annual press conference in Stuttgart that the sum total of all new leases signed during the record-breaking year of 2011 had surged by 30% to €858m (2010: €661m). By contrast, the Federation of German Leasing Companies (BDL) reported at the end of 2011 that the German equipment leasing market had grown by only 11.8% year-on-year. “In view of this positive trend we have set ourselves the target within the next two years of generating a lease origination volume in excess of €1bn,” said Mossakowski.

The company was particularly successful in the German market and is one of the leading providers in its sector. In 2011, CHG-MERIDIAN also achieved its highest international growth rates in southern Europe and North America (the US and Mexico).

Despite significant capital expenditure both inside and outside Germany, this record level of domestic and international growth has also boosted the company's earnings: its gross profit (present value of all new leases and remarketed assets minus direct acquisition and funding costs) rose by roughly 12% to €118m in 2011 (2010: €105m), the highest figure in the company's history.

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