SG Equipment Finance also experienced a
slowdown in activity in the first quarter, with new financing
dropping by 5.8 percent year-on-year to €2 billion. Although France
saw new finance grow by 21.3 percent, driven by high-tech
equipment, other countries performed less well, particularly
Germany (down 7.5 percent), Italy (down 15.7 percent) and Norway
(down 17.4 percent). The company attributed the falls to the
deteriorating environment as well as a more selective approach to
clients.
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