DLL recorded net profits of €343 million ($361 million) for 2022, which represented a 41% decrease from 2021. This result was adversely impacted by the sale of the company’s Russian operations, which resulted in a financial loss of €244 million ($257 million). Despite challenging market conditions, the company’s portfolio balance grew by 8.5% in 2022 compared with 2021 and reached €40.6 billion ($43.3 billion). Further, the company’s underlying financial performance continued to trend positively, with net income totaling €1.708 billion euros ($1.799 billion), which represented nearly 11% growth compared with 2021.

“What makes me particularly proud is that in the face of several geopolitical and economic challenges, DLL stood by its partnership promise, supporting our customers and contributing to the success of our shareholder, Rabobank,” Carlo van Kemenade, CEO and chairman of the executive board of DLL, said. “Without the exceptional events in Russia, the underlying performance of our business and portfolio remained strong and continued to trend positively. Most importantly, we continued to invest heavily in the development and wellbeing of our global workforce, as well as several important projects to ensure that DLL has a solid control environment and stable foundation for future growth.

“We truly believe that DLL will have a key enabling role to play in creating a more sustainable world. We aspire to be a transition partner, helping our customers with many of our specialized products, such as lifecycle asset management, pay-per-use and used equipment finance.

“I continue to look at the external environment with cautious optimism. When I look at DLL, I am confident that we have the right strategy, the right products and, most importantly, the right people to continue our journey of sustainable growth.”