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CHG-MERIDIAN AG, corporate

CHG-MERIDIAN AG,

22.04.2021 - 11:33:35

CHG-MERIDIAN AG: successful 2020 financial year thanks to resilient business model

Despite difficult economic conditions in the pandemic year 2020, the CHG-MERIDIAN Group was able to deliver a successful financial year. New customer business proved to be particularly challenging, as economic uncertainty and supply shortages made forward-looking planning and investment much more difficult for companies and organizations. For these reasons, lease origination decreased by 12 percent to ?1.758 billion in 2020 (2019: ?1.995 billion). "The pandemic has presented us with considerable challenges, but it has not blown us off course," says Dr. Mathias Wagner, Chairman of the Board of Management. "Our digital and sustainable business model, based upon the circular economy, has proven itself highly resilient and reliable." This is reflected in the growth of the technology portfolio that CHG-MERIDIAN manages on behalf of its customers, which reached a total of ?7.5 billion as of December 31, 2020 (December 31, 2019: ?6.9 billion). The Group's profit from ordinary activities (before taxes) amounted to ?123 million, which was significantly higher than prior year (2019: ?91 million). Net income (after taxes) rose from ?65 million to ?87 million, a very positive year-on-year increase of 35 percent. "Despite the challenges presented by COVID-19, we have been able to further expand our technology portfolio and to respond flexibly to our customers' changing requirements," says Dr. Wagner.Digitalization and sustainability as growth factors For many companies, the pandemic has made it evident that they still aren't properly positioned with their digital workplaces. At the same time ongoing digitalization and automation are key to their future competitiveness. In this regard, CHG-MERIDIAN is the right partner for these companies and offers customized technology financing and management for such transformation processes. "Thanks to our value-added products, services, and solutions, we are optimistic about the future and are predicting further growth over the medium term," says Dr. Wagner. Alongside digitalization, sustainability is another area that is driving demand for technology lifecycle management, while climate-friendly business practices are becoming an increasingly important competitive factor. In response to this demand, CHG-MERIDIAN launched carbonZER0 in February 2021, the company's first carbon-neutral financing product for IT infrastructure and investments.Carbon-neutral business activities from 2021 The Group itself is leading by example: "From 2021, CHG-MERIDIAN will be carbon-neutral. This underlines our clear commitment to sustainable and responsible corporate governance", says Dr. Wagner. Being carbon-neutral means that the entire CO2-emissions generated in the course of the company's own business activities will be avoided, reduced, or offset. ? End of Media ReleaseAdditional features:Picture: https://eqs-cockpit.com/c/fncls.ssp?u=3ee2c13eccd82681f9e3a98d568757d4Subtitle: Dr. Mathias Wagner, Chairman of the Board of ManagementFile: CHG-MERIDIAN_Press Release 2021 Issuer: CHG-MERIDIAN AG Key word(s): Enterprise

22.04.2021 Dissemination of a Press Release, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

1187249??22.04.2021?

@ dgap.de