DLL continued to grow its portfolio in 2024

DLL, a global provider of asset-based financial solutions, has announced its 2024 annual results, reporting continued expansion of its portfolio despite economic headwinds in key markets. The company’s portfolio grew by 7%, reaching €47 billion (US$49 billion), marking another milestone in its growth trajectory.

All global business units and regional markets contributed to the portfolio expansion, with the exception of Latin America, where DLL faced significant challenges, particularly in the Brazilian food and agriculture sectors. Despite these regional difficulties, the company reported net income of €1.9 billion (US$2.0 billion), also a 7% increase from the previous year.

However, DLL’s net profit declined slightly to €407 million (US$440 million), down from €438 million (US$474 million) in 2023. The dip was primarily attributed to increased impairment charges in economically pressured regions like Brazil.

During 2024, DLL secured 330,000 new retail contracts and established 60 new vendor partnerships, pushing its customer base to nearly 1 million globally. The company’s Net Promoter Score climbed to +65, reflecting strong satisfaction and loyalty from its partners and clients.

Lara Yocarini, Chief Executive Officer and Chair of the Executive Board, highlighted DLL’s resilience and continued impact:

“As an asset-based financing company, we finance equipment that enables the real economy to turn. In 2024, DLL faced heightened competition and regulatory changes. At the same time, we had to navigate an increasingly complex geopolitical macroeconomic landscape, and unprecedented impacts of extreme weather conditions that affected our members, partners and customers in Brazil, Poland, the US and Spain.”

Yocarini highlighted the strong sense of solidarity demonstrated by DLL employees in response to global challenges, noting that the company’s purpose of “Partnering for a better world” took on deeper significance in 2024. DLL and its members rallied together to support partners and customers through numerous acts of compassion, including the successful launch of four global fundraising campaigns. More than 55% of employees participated in volunteer efforts, contributing over 22,000 hours of service. Additionally, the company’s employee engagement score reached 79%, surpassing the industry benchmark.

Looking ahead, DLL aims to strengthen its position as a global leader in vendor finance, with an intensified focus on sustainability, inclusivity, and digital innovation.

“Together with our customers, partners, and members, we will need to navigate the volatile political and economic landscape carefully,” said Yocarini. “But we are convinced that DLL is in good shape to continue delivering on its ambition of sustainable, profitable growth, while we will also accelerate our digital transformation, improving the speed, ease and convenience of doing business with DLL.”