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DeltaLeasing announces financial results for 2022 according to IFRS

DeltaLeasing LLC, a 100% subsidiary of Insight Investment Group, reports its audited consolidated financial results under International Financial Reporting Standards (IFRS) for the year ended December 31, 2022.

This is the leasing company's first reporting prepared in accordance with IFRS standards.

Key Indicators:

7,8 billion ₽
Income from core activities same level as 2021
2,7 billion ₽
Net profit
73,1 billion ₽
Assets
38,4 billion ₽
Equity capital

DeltaLeasing (formerly known as Siemens Finance) resumed financing of new leasing transactions under a new brand in early October 2022, after the change of ownership, when 100% of the company became owned by Insight Investment Group. The deal was completed in September 2022. No new deals were financed during the seven months last year. Insight Investment Group retained the integrity of its team and operating model, while DeltaLeasing continues to develop its business with a focus on the industrial segment.

At the end of 2022 DeltaLeasing took leading positions* in the segment of leasing of industrial equipment, including:

*own calculations based on the data of the Expert RA rating agency.
35%
Of the printing equipment market
12%
Of the power equipment market
12%
Of the plastic recycling equipment market
8%
Of the woodworking equipment market
8%
Of the metalworking equipment market
7%
Of the food processing equipment market

More information about the company's reporting can be found at https://site.deltaleasing.ru/investor.

DeltaLeasing has been working in the leasing services market since 1999, providing leasing services for equipment, machinery, and transport from various manufacturers. DeltaLeasing's network consists of 24 client offices from Sakhalin to Kaliningrad, offering services in over 500 cities across Russia. DeltaLeasing ranks among the top 10 leasing companies in Russia and holds leading positions in the industrial equipment leasing segment

Insight specializes in raising funds for M&A deals and capital management in Russia and the CIS. The company's focus is acquiring companies in the financial sector, primarily from the leasing industry. In September 2022, the group acquired 100% of Siemens Finance LLC, a leasing company subsidiary of the German conglomerate Siemens. The company was renamed DeltaLeasing LLC and began financing new deals under the same brand name in October 2022. In February 2023, Insight completed the acquisition of 100% of John Deere Financial LLC, a leasing subsidiary of American agricultural equipment manufacturer John Deere. In April 2023, the group acquired the Legion II business center on Bolshaya Tatarskaya Street in central Moscow from Siemens structures. All transactions were approved by the Government Commission on Monitoring Foreign Investment.


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