Sogelease's ambitions for 2011: Two-digit growth and second position on the market

BRD Sogelease, the financial leasing arm of BRD group, expects new funding to rise at the same pace as last year, when turnover rose by 35% to 99m euros, which drove the company onto the second position on the financial leasing market.

“This year, we want new funding to rise at the same clip as in 2010 and we want to retain the second position on the market. Overall, the financial leasing market will rise this year, but not at a spectacular pace,” stated Morles Vorlot, general manager of BRD Sogelease.

The company, outside the top ten in the market’s boom year, in 2010 leapt onto the second position while many rivals had their business frozen. This year, though, several companies announced plans to spur turnover, which is set to tighten competition.

The company saw turnover go up last year owing to rising funding of the sale & lease back funding. Declines were registered in the case of car and construction equipment funding.