DLL records profit, portfolio and income growth in 2023

Mike Janse Chief Operating Officer and interim Chief Executive Officer and Chairman of the DLL Executive Board

DLL, global provider of asset-based financial solutions, delivered consistent results for the 2023 business year. Despite ongoing geopolitical and macroeconomic challenges, the company recorded net profit, portfolio and income growth.

DLL realised a net profit of €438 million (US$474m) for 2023, which represented a 27.7% increase from the prior year, when results were significantly impacted by the divestment of its Russian operations.

The company’s portfolio balance grew by 9.2% over the prior year and reached €44.3 billion (US$49.0bn). Further, the underlying financial performance continued to trend positively, with net income totalling €1.8 billion (US$1.9bn), which represented a 3.5% growth over 2022.

“In 2023, business was impacted by continued geopolitical challenges, macroeconomic instability, a scarce labor market and significant increases in market interest rates,” shared Mike Janse, Chief Operating Officer and interim Chief Executive Officer and Chairman of the DLL Executive Board.

“These challenges inspired all of us at DLL to stand by our purpose of ‘Partnering for a better world’ and our commitment to serving our partners and end users in the best way possible.”

“We posted a strong net profit, thanks to our portfolio growing and net income rising,” noted Grégory Raison, Chief Financial Officer and Member of the DLL Executive Board. “All of our regions and global business units grew their portfolio relative to 2022.”