PRESS RELEASE
Technology portfolio manager CHGMERIDIAN raises gross profit in Q2
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CHG-MERIDIAN’s lease originations rise sharply in the first half of the year,
particularly in eastern and southern Europe
Workforce to rise to around 1,000 by 2015
Plans for additional building at Weingarten site
Weingarten, July 19, 2012
Date: 19.07.2012
Technology portfolio manager CHG-MERIDIAN, based in Weingarten (BadenWürttemberg, Germany) with operations in 19 countries, has significantly expanded its
business in the first half of 2012, particularly in eastern and southern Europe. Although
CHG-MERIDIAN’s lease originations totaled €384 million in the first half of 2012, they
were down slightly year on year (a fall of 2.5 percent from €394 million in the first half of
2011). However, this was entirely attributable to the volatile central European market –
particularly in Germany – and to forward-looking, long-term funding projects.
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“CHG-MERIDIAN enjoyed the best fiscal year in its history in 2011, which is why the bar
was set incredibly high. Nonetheless, we are confident that we will match or even
outperform the results that we attained last year,” said Jürgen Mossakowski, chairman of
CHG-MERIDIAN’s Management Board. The CHG-MERIDIAN Group’s gross profit – i.e.
the present value of all leases originated and assets remarketed minus direct acquisition
and funding costs – came to €57 million, surpassing the level achieved in the same period
last year (€55 million in the first half of 2011).
CHG-MERIDIAN is confident about the upcoming second half of the year. “We are
benefiting from growth on the part of our customers and, as a non-captive service
provider, we are able to respond rapidly to market trends. The steady rise in the number of
our funding partners demonstrates that banks also believe our business is a sound
investment. This is helping us on our way,” said Mossakowski. In 2011, the company
raised bank funding of €794 million in 3,700 individual transactions. Its funding partners
now include 15 savings banks and twelve cooperative banks that participate in a special
syndicated loan program.
On the back of these positive trends, the company is planning to take on more staff and to
add a new building at its headquarters in Weingarten (Baden-Württemberg, Germany). In
the next three years, the company expects the headcount at its corporate headquarters to
rise gradually to 300 from its present level of 200. According to current estimates, its
global workforce – currently around 700 – will have risen to almost 1,000 by 2015.
Franz-Beer-Straße 111
D-88250 Weingarten
Phone +49 751 503-248
Fax. +49 751 503-7248
Mobile +49 172 667-1341
[email protected]
www.chg-meridian.com
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Further information can be found at: www.chg-meridian.com
ABOUT
CHG-MERIDIAN
«EFax»
Large and medium-sized companies and public-sector entities in 19 countries worldwide have entrusted CHG-MERIDIAN
with their advisory, financing, and other service needs in the field of technology portfolio management. With a total
Betreff: Microsoft Software
workforce of more than 700 people – most of them employed at six locations in Germany – the Company, which is
headquartered in Weingarten in southwest Germany, has leased assets worth approximately €2.5 billion under
management. What distinguishes CHG-MERIDIAN is its non-captive status with respect to banks and manufacturers in
the expert advice and financing that it provides in its technology portfolio management offering throughout the entire
lifecycle.