De Lage Landen has announced profits for the first half of 2010 which almost doubled to 101 million Euros. The company’s credit portfolio increased to 25.6 billion Euros, with very nearly three quarters of this being in operating and finance lease. The car lease business performed better than forecast, with order volumes beginning to pick up again, especially during the second quarter. Along with this, conditions on the important used car market (affecting residual values) improved. De Lage Landen strengthened its position in its Dutch home market. In terms of client type, the SME segment has been worse affected by the crisis than the corporate segment, and is slower to recover. Speaking about the figures and the satisfaction he has in them, CEO Ronald Slaats however warned:  “But we’re not out of the woods just yet. We do see some economic stabilization in various parts of the world, but the recovery is still quite fragile. Consistent risk management and cost consciousness remains key. In addition we need to leverage and truly combine the strength of all of De Lage Landen Group entities. We will continue focusing on cooperation and synergies within De Lage Landen. This will result in a unified customer proposition and optimized customer service.” 

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