Results of Millennium Leasing after two quarters of 2015

- As a universal financial partner we provide our services to companies from all sectors, both corporate and institutional as well as microbusinesses. It is our aim to maintain a leading position in the heavy transport, machines and equipment sector. We continue to implement unique solutions and a model of product relationship with Bank Millennium based on Customer needs analysis, thanks to which our results have been very good for years now - Wojciech Rybak, Millennium Leasing CEO says.

Heavy transport – on the podium for years

After the 1st half of 2015 Millennium Leasing is positioned traditionally among the leading leasing companies in financing heavy transport with a result of PLN 500.2m and a market share of 9%. The road heavy transport sector is a key segment for us and we have very high market shares in following fixed asset categories: semi-trailers over 11%; buses over 12%; road tractors 6.48% and trucks over 3.5t gross weight – 8.12%. We are the leader in financing railway transport. Our share in this market segment after the first half of 2015 stood at 33.78%. 

Machines and equipment – unique business solutions

Due to high utilisation of output capacity in companies as well as stable growth of the economy machines are the growth engine of the leasing market in 2015. Millennium Leasing is also an active operator in this segment, reaching high market shares in: food processing machines – more than 23%; machines for producing plastics – 9.85%; forklift trucks – 14.59% and construction machines – 9.98%. 

Real estate – continuously high market share

The real estate segment recorded 60.1% growth of financing. This results from initial transaction values being higher, with the number of transactions remaining unchanged. Millennium Leasing reached a 13% share in this market.

Sales in the first half of 2015 allowed the value of the portfolio of active leasing contracts to be raised to PLN 4.35bn (13.3% over the 30.06.2014 value). 2015 saw 6,452 new lease contracts. As at 30 June this year Millennium Leasing had 12,700 Customers and the company’s portfolio contains over 39,000 active lease contracts. 

- In the first half of 2015 leasing was used to finance transactions with the total value of approx. PLN 20bn, which means a growth of 10.5% over the same period of last year. This is a clear signal that the importance of leasing in financing capital expenditure among Polish businesses is steadily growing and leasing is the primary third-party source of CAPEX in Poland’s economy. Interest shown by companies in purchasing fixed assets in the first months of this year allows us to think that the positive trend will also remain in subsequent quarters. – Wojciech Rybak recapitulates.