Siemens Financial Services reported a
strong second quarter in the three months to the end of March,
seeing pre-tax income rise 16 percent to €117 million. According to
the lessor, the quarter included higher interest income and higher
results from internal services businesses, although this was
partially offset by an increase in reserves for the commercial
finance business. Despite a dip of 7 percentage points to 39.8
percent, return on equity was still well above the lessor’s target
of 20 to 23 percent.
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