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 realized a net profit of €438 ($472) million 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 ($47.7) billion. Further, the underlying financial performance continued to trend positively, with net income totaling €1.8 ($1.9) billion, 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,” Mike Janse, chief operating officer, interim CEO and chairman of the executive board at DLL, said. “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,” Grégory Raison, chief financial officer and member of the executive board at DLL, said. “All of our regions and global business units grew their portfolio relative to 2022.”
In early 2023, DLL began the implementation of its refreshed corporate strategy with the goal of realizing its strategic ambition of being the market leader in enabling sustainable business growth through point-of-sale financial solutions. This strategic ambition is divided into five transformation areas with key objectives and priorities.
“We made significant efforts to kickstart our transformations and to continue to safeguard our foundation,” Janse said. “In 2023, we successfully delivered on our top transformation priority of optimizing our organizational model. This optimization not only empowers our members, but also enhances DLL’s responsiveness and value proposition in providing speed, ease and convenience at the point-of-sale, meeting the end-to-end needs of our partners and serving customers in the best possible way.”
“Our focus throughout 2023 was to drive more sustainable and profitable growth in the sectors we operate in, while moving at pace to explore and exploit new opportunities,” Janse said. “2024 will be another challenging year in terms of macroeconomic trends and geopolitical uncertainty. But we are confident that we can continue to make good progress in implementing our strategic roadmaps and supporting our partners and customers. Together, we’re making growth happen!”
