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DeltaLeasing saw a 1.5x increase in its net profit to a total of RUB 4.5 billion

DeltaLeasing (formerly Siemens Finance LLC), part of Insight Investment Group, has announced its financial results for 2023, compiled in accordance with International Financial Reporting Standards (audited data). The report is available at the following link.


Key Financial Indicators for 2023:


·         Net investment in leases and financial assets at amortized cost after allowance increased from RUB 56.32 billion to RUB 58.09 billion.

·         Assets saw a 19% increase, reaching RUB 86.34 billion.

·         The company's net profit surged by 52%, from RUB 2.97 billion to RUB 4.52 billion.

·         The company's capital stood at RUB 31.26 billion as of the end of 2023.


Key Operational Indicators for 2023:


DeltaLeasing's new business volume* reached RUB 56.18 billion, with the company having signed 4980 new leasing service contracts.


In 2023, DeltaLeasing secured leading positions** in the industrial equipment leasing sector, including:


·         43% of the printing equipment market;

·         18% of the power equipment market;

·         27% of the packaging equipment market;

·         21% of the metalworking equipment market;

·         23% of the food industry equipment market.


In 2023, the Expert RA agency awarded DeltaLeasing a creditworthiness rating of ruA+ with a stable outlook. The company aims to secure funding for new business development through getting bank loans and issuing exchange-traded bonds.


DeltaLeasing dominates the equipment leasing market, securing top spots in the rankings for energy, engineering, metal-working, metallurgical, printing, warehouse, and packaging equipment, as well as leasing items for the food industry***. The company joined Insight Group in September 2022. The Group holds a 100% stake in DeltaLeasing LLC.

 

*The new business metric is determined by the cost of leased items handed over to clients during the specified period, VAT not included.

**Own calculations based on the data of the Expert RA rating agency.

***Rankings by the Expert RA rating agency based on new business volume in 2023.

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