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Good start of Millennium Leasing in 2016

22-04-2016 MembersNews

In Q 1 2016, company Millennium Leasing concluded lease agreements worth more than 856 million PLN. The company recorded a very good growth of 44% y/y in financing movable assets, including 117% y/y growth in heavy transport vehicles.


We have ambitious goals for 2016. The beginning of the year has been a good sign for their fulfilment, so such good results in the first quarter are for us a strong motivation for intensive work in the next months. Close to 93% our clients are SMEs. We are changing our product offer for them and working for even better quality of services. The results have shown that we chose a good development direction which we will continue in the longer-term. – says Wojciech Rybak, Chairman of the Management Board of Millennium Leasing.


In Q 1 2016, the value of the assets financed within the road vehicle group totalled more than 585 million PLN. In the heavy transport category the value of financed assets totalled 407 million PLN, which means 117% growth versus the same period last year. As part of this category, the company recorded significant growth in the following groups: trucks above 3,5 t – 384%, tractor units – 28%, semi-trailers and trailers – 21%, and buses – 748%.


In Q 1 2016, the value of the assets from the light vehicle category totalled more than
155 million PLN, which means 8,1% growth versus the same period last year. The value of the financed industrial machines and equipment reached almost 250 million PLN, i.e. 12% growth y/y.


Millennium Leasing has been offering lease financing for the majority of industries in Poland for years now. The company is an active member of the Polish Leasing Association and one of the first lease companies established on the Polish market.


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