PRESS RELEASE
First half-year prompts CHGMERIDIAN AG to forecast positive
results for 2013

Business is Germany is booming – lease originations are up by 9 percent
year on year

International growth in North America and eastern Europe sets a positive
tone in the first half-year
Weingarten, August 2nd, 2013
After a strong second quarter in 2013, technology manager CHG-MERIDIAN, which
operates in 19 countries, is confident that the Group will meet its targets for the year as
a whole. “Our broad international presence makes it easier for us to offset weak
markets in individual regions,” said Chief Executive Officer (CEO) Jürgen Mossakowski
at CHG-MERIDIAN's half-year press conference held at its headquarters in south-west
Germany. “When traditionally strong markets such as France and Italy falter, there are
others who can make up the shortfall. This is why our forecast for 2013 still looks very
good.”
The situation in the second quarter improved significantly, particularly in Germany. New
leases for IT equipment in the Group's home market totaled €214 million in the first half
of the year, which represented a year-on-year increase of €18 million. Overall, lease
originations across the Group rose by 8.3 percent to €416 million (H1 2012: €384
million).
While CHG-MERIDIAN's lease originations in the US were behind the same period in
2012 due to the economic situation, and at €30 million fell short of forecasts, its
Mexican subsidiary has made up significant ground following its full integration into the
Group in 2012. North America, one of the most important regions for CHG-MERIDIAN's
strategic growth, generated total lease originations of €65 million in the first six months
of the year (H1 2012: €45 million), a growth rate of 44 percent. Although the southern
European markets had been the main growth drivers in the CHG-MERIDIAN Group in
the preceding quarters, the relatively new eastern European market set a positive tone
in the first half of 2013 with lease originations rising to €14 million (H1 2012: €7 million).
Date: August 2nd, 2013
Your contact:
Matthias Steybe
Head of Communications
und Marketing
Franz-Beer-Straße 111
D-88250 Weingarten
Phone +49 751 503-248
Fax. +49 751 503-7248
Mobile +49 172 667-1341
matthias.steybe@chg-meridian.de
www.chg-meridian.com
Seite 2 von 3
Mossakowski: “Gross profit has been very encouraging in the first half of the
«EFax»
year”
Betreff: Microsoft Software
Because revenue from financial agreements and service contracts is often generated
over several years, leases originated today are the earnings of tomorrow for CHGMERIDIAN. Contrary to the conservative forecasts for 2013, gross profit (the present
value of all new leases and remarketed assets minus direct acquisition and funding
costs) performed well in the first half of the year. Gross profit in the Group, which is key
to its earnings, remained at €57 million, which was the same level as the equivalent
period last year (H1 2012: €57 million). At the end of 2012, CHG-MERIDIAN's gross
profit stood at €131 million. “As a result of the performance of gross profit and the
encouraging trends in lease originations in the first half of the year, we are confident
that we will meet our targets and end 2013 with revenue growth,” said Mossakowski at
the half-year results presentation.
Industrial technology sector performing well
CHG-MERIDIAN is a technology manager in the areas of IT, industrial and healthcare
technologies. Its services encompass everything from initial advice and concept
development to the procurement of equipment and its installation in the workplace and
the ultimate disposal or reconditioning and resale of used equipment. CHG-MERIDIAN
has state-of-the-art technology – servers, computers, monitors, printers, industrial
machinery, and medical equipment – worth €2.5 billion on its books, which it rents and
leases to companies and public-sector clients in 19 countries.
The industrial technology sector also performed well. CHG-MERIDIAN has been
focusing on industrial capital equipment such as machinery and production plant in this
sector since early 2012 when it established its new subsidiary CHG-MERIDIAN
Mobilien GmbH. There was a significant year-on-year rise in the number of new
customers, and important alliances with vendors have been forged. “Our industrial
technologies subsidiary, through which we finance our customers' industrial plant and
machinery, has made a good start. We already manage technology investments
totaling around €10 million in the industrial sector, and business is looking very good in
2013,” said Mossakowski.
Seite 3 von 3
Demand for TÜV-certified data erasure
«EFax»
The reconditioning and remarketing of used equipment at the company's proprietary
Technology and Service Center near Frankfurt was another area where results were
Betreff: Microsoft Software
encouraging. In the first half of 2013, CHG-MERIDIAN remarketed around 190,000
used assets – primarily PCs, laptops, printers and monitors. There was a particularly
sharp rise in the number of assets returned to CHG-MERIDIAN for secure data erasure
in the first half of 2013, with customers requesting secure data erasure certified by
Germany's safety standards authority (TÜV) for around 45,000 PCs and laptops (H1
2012: 35,000).
About CHG-MERIDIAN
Large and medium-sized companies and public-sector entities in 19 countries worldwide have entrusted CHGMERIDIAN with their advisory, financing, and other service needs in the field of technology portfolio management. With
a total workforce of more than 700 people – most of them employed at six locations in Germany – the company, which
is headquartered in Weingarten in south-west Germany, has leased assets worth approximately €2.5 billion under
management. What distinguishes CHG-MERIDIAN is its non-captive status with respect to banks and manufacturers,
enabling it to provide expert independent advice and financing solutions for technology management throughout the
entire lifecycle.