CHG-MERIDIAN reports new business volume of €2.83bn in 2024

CHG-MERIDIAN has reported a record-breaking financial year in 2024, achieving €2.83 billion in new lease originations — a 16% increase over the €2.45 billion recorded in 2023. This surge comes amid growing global demand for flexible and sustainable technology usage models.

Pre-tax profit from ordinary activities rose to €175 million, up 7% year-on-year, though currency fluctuations weighed down results. Adjusted for constant exchange rates, the profit increase would have reached 33%. The Group also expanded its total technology portfolio to €11.73 billion in assets under management — a 17% rise compared to the previous year.

“Technology is becoming ever more important for our customers’ business around the world. Investing in technology projects such as a digital infrastructure with high-performance IT hardware is no longer optional for companies and institutions but rather a ‘must’ – especially when it comes to driving innovation in fields such as artificial intelligence and securing future success in the digital age.”

The company credits its strong performance to rising interest in circular technology solutions, which allow businesses to reduce capital expenditures while meeting sustainability targets. CHG-MERIDIAN’s circular tech model — which emphasizes usage over ownership — enabled the remarketing of nearly one million IT devices in 2024, giving 94% of returned assets a second life.

“Modern usage models that apply the principle of usage over ownership enable companies to keep pace with technological advances while also retaining financial flexibility. This is a key requirement for long-term growth,” explains Wagner.

As companies navigate an increasingly complex technological and economic landscape, CHG-MERIDIAN sees continued opportunity in supporting agile, eco-conscious, and cost-effective IT strategies.

Operating across five continents and in over 30 countries, CHG-MERIDIAN continues to push for international growth. In 2024, the company expanded its global footprint by acquiring the portfolios of Maia Financial in Australia and Meridian Leasing Corporation in the US. It also extended its strategic partnership with Japanese leasing giant SMFL into China, Malaysia, and Thailand.

Over 60% of CHG-MERIDIAN’s business is now conducted outside of Germany. The company also diversified its service offerings through ventures like devicenow, its global device-as-a-service solution, and circulee, a Berlin-based startup focused on B2B remarketing of refurbished IT.