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.
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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
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