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AutoBank grows faster than the market in 2014
The stable market environment and the increasing economy in Germany as a driving force, as well as the consistent cultivation of the Austrian market, also enabled AutoBank to grow in 2014. With an increase in the consolidated balance sheet total by 13.1% from EUR 346,270 thousand to EUR 391,686 thousand and an increase in operating profit from EUR 31 thousand to EUR 697 thousand, the medium-sized business financier is once again consolidating its market position. Due to the sustained concentration on the core markets of Austria and Germany, the annual group result before minority interests showed a clear upward trend and was improved from EUR - 989 thousand to EUR - 5 thousand. The volume of new business in the core segments of leasing, credit and factoring increased across the group to...
AutoBank grows faster than the market in 2014
The stable market environment and the increasing economy in Germany as a driving force, as well as the consistent cultivation of the Austrian market, also enabled AutoBank to grow in 2014.
With an increase in the consolidated balance sheet total by 13.1% from EUR 346,270 thousand to EUR 391,686 thousand and an increase in operating profit from EUR 31 thousand to EUR 697 thousand, the medium-sized business financier is once again consolidating its market position. Due to the sustained concentration on the core markets of Austria and Germany, the annual group result before minority interests showed a clear upward trend and was improved from EUR - 989 thousand to EUR - 5 thousand. The new business volume in the core segments of leasing, credit and factoring increased group-wide to an impressive EUR 302,550 thousand. In the area of dealer financing, a cooperation agreement was concluded for the first time in the transport segment, which opens up new opportunities for AutoBank for the future. In the future, AutoBank AG will stand behind the Danube Truck Financial brand as a captive financier for Danube Truck in Austria.