ALBIS Leasing has reported consolidated earnings before taxes of €5.8m ($6.5m) for the financial year 2024, a 32% increase from €4.4m in 2023.
The company also posted an 18% rise in earnings before taxes under the German Commercial Code (HGB), amounting to €4.6m for 2024, compared to €3.9m in the previous year.
ALBIS attributed the earnings growth to strong new business performance, particularly in the high-margin “trade/manufacturers” segment.
Furthermore, the company attributed sustained positive earnings trends, effective cost management, and a stable risk profile in the leasing portfolio to the rise in earnings.
Following the positive financial results, the ALBIS management board and supervisory board intend to declare a dividend of €0.09 per share for 2024, up from €0.08 per share in the prior year.
The proposed figures will be presented at the annual general meeting on 2 July.
Based on the 2024 year-end share price, the figures translate to a dividend yield of 3.3%, the company said.
The proposed dividend aligns with the company’s long-term goal of maintaining a consistent dividend payout of up to €0.10 per share.
ALBIS Leasing CEO Sascha Lerchl said: “The strong earnings performance in the 2024 financial year enables us to pay our shareholders an attractive dividend again this year. This will enable them to continue to participate in our business success in the future.
“The central basis for this will continue to be our strategic focus on the high-margin small-ticket business and – associated with this – our overall increased level of profitability.”
Looking ahead, ALBIS anticipates new business volumes similar to the previous year, ranging from €95m to €102.5m for the 2025 fiscal year.
The company anticipates consolidated earnings before taxes (IFRS) to remain steady at €4.5m to €5.75m, despite ongoing political and macroeconomic challenges.
Lerchl added: “Despite the tense economic situation, we expect the risk situation in our portfolio to remain stable in the 2025 fiscal year and that we will once again achieve strong results.”
Based in Hamburg, ALBIS Leasing has been operating for over 35 years.
Independent of banks and manufacturers, it helps small and medium-sized businesses across Germany finance their projects.
ALBIS also partners with dealers and manufacturers to provide sales financing.
Its 100 employees offer expertise in leasing, hire purchase, and e-commerce solutions for various industries.
“ALBIS Leasing posts 32% rise in earnings before taxes in 2024” was originally created and published by Leasing Life, a GlobalData owned brand.