SG Equipment Finance (SGEF) posted new
business totalling €8.5 billion last year, compared with €10.3
billion in 2008.
The French lessor, with a network that covers
25 countries, said it increased market shares in specific markets
and managed to offset the impact of the financial crisis “by
offering new services and improving operational
efficiency”.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
By country, Germany represented 29 percent of
new business for SGEF, closely followed by France with 28 percent.
Italy accounted for 10 percent of the company’s new business, while
Scandinavia and the CEE region accounted for 12 percent each.
By asset type, commercial vehicles and IT
equipment were the top assets for the leasing company, with around
20 percent each.
SGEF – a subsidiary of the Société Générale
Group – said it signed key vendor partnerships and increased its
business in Brazil and China during 2009.
By the end of 2009, the volume of managed
assets had grown to €23 billion.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataAntonio Fabrizio
