View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. Uncategorized
August 5, 2009updated 12 Apr 2017 4:34pm

SG Equipment Finance: strong second quarter in the UK offset by other regions

SG Equipment Finance (SGEF) wrote 1.9 billion of new financing in the second quarter, according to its latest results This represents a 3.6 percent dip on the lessors first quarter results, or a year-on-year fall of nearly 20 percent. Although the lessor reported that business was up 43.9 percent year-on-year in the UK, results were slightly lower in France, which saw new business decline 2.2 percent, despite a good performance by the high-tech sector.

By Jason T

SG Equipment Finance (SGEF) wrote €1.9 billion of new financing
in the second quarter, according to its latest results. This
represents a 3.6 percent dip on the lessor’s first quarter results,
or a year-on-year fall of nearly 20 percent.

Although the lessor reported that business was up 43.9 percent
year-on-year in the UK, results were slightly lower in France,
which saw new business decline 2.2 percent, despite a good
performance by the high-tech sector.

Having been hit particularly hard by the crisis, Germany, one of
SGEF’s main markets, and Scandinavia, where business is heavily
focused on transport, saw new financing shrink by -23.5 and -19.7
percent respectively.

Jason T Hesse

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Thursday. The leasing industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU