New Leaseurope survey shows good signs for European leasing industry
The organisation’s June 2011 Business Confidence Survey has been published together with specialist international equipment leasing and asset finance consultancy, Invigors EMEA and measures the expectations of European leasing professionals over the coming six months.
Participants were surveyed on their outlook for the future performance of their business (volumes, margins, bad debt and net profit), the level of competition and M&A activity expected on their home market and various other aspects of their organisation, including the underwriting process, future expense and staff levels, distribution channels and the expected availability of capital.
The June 2011 results show that most of the asset finance professionals who took part expect the their industry to continue to benefit from the gradual economic recovery in Europe, and that this will be reflected in their new business volumes, margins and bottom line.
According to Jurgita Bucyte, adviser in statistics and economic affairs at Leaseurope: ‘It is positive that we continue to observe optimism and increasing confidence in the European leasing market. The ongoing recovery is also confirmed by hard data readings, with industry KPIs at European level improving in the first quarter of 2011.’
Leaseurope’s director General Tanguy van de Werve added: ‘We are pleased to add the Leaseurope/Invigors EMEA Business Confidence Survey to the range of European market information services we provide to the industry. With regular, forward-looking information covering a broad set of business parameters, this survey is a valuable tool to track the evolution of market sentiment in an everchanging economic environment.’
The next business confidence survey will be carried out in December.