Global equipment financier DLL beefed up its portfolio in 2024 as it formed new vendor partnerships.
The lender’s portfolio grew 7% year over year in 2024 to 47 billion euros ($49 billion), and its net income also rose 7% YoY to $2 billion, according to a company release today. Highlighting its expansion efforts, DLL added 60 new vendor partnerships, 330,000 new retail contracts and nearly 1 million customers last year, Chief Executive Lara Yocarini stated.
However, challenging economic conditions, particularly in Brazil’s food and agricultural sectors, pushed up impairment charges higher and led to a decline in net profit to $440 million, down from $474 million in 2023.
Looking ahead to 2025, DLL plans to strengthen its position as a leader in vendor finance, advance sustainability goals and accelerate its digital transformation.
The third annual Equipment Finance Connect at the JW Marriott Nashville on May 14-15, 2025, is the only event for both equipment dealers and finance providers. Learn more and register here.
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