As the central funding partner of the Linde Material Handling and STILL brand segments, the Financial Services segment benefited from increasing demand for lease finance, particularly in western Europe outside Germany. The revenue generated by external customers was up by 18.8 per cent on the first half of the previous year (€ 132.5 million) and stood at € 157.4 million. There was also a 10.0 per cent year-on-year rise in revenue from the intra-group financing of Linde Material Handling and STILL’s short-term rental fleets. Total revenue amounted to € 255.0 million, significantly ahead of the same period in 2012 (€ 221.3 million).
The segment’s earnings before tax of € 2.3 million equalled those in the first half of 2012 (€ 2.3 million) and its return on equity of 6.1 per cent was at virtually the same level as the prior-year period (5.9 per cent). >> TABLE 10
|
Quarterly information—Financial Services— |
>>TABLE 10 | |||||||||
|
in € million |
Q2 |
Q2 |
Change |
Q1–Q2 |
Q1–Q2 |
Change | ||||
| ||||||||||
|
|
|
|
|
|
|
| ||||
|
Order intake |
140.7 |
122.6 |
14.8 % |
255.0 |
221.3 |
15.2 % | ||||
|
Revenue |
140.7 |
122.6 |
14.8 % |
255.0 |
221.3 |
15.2 % | ||||
|
Adjusted EBITDA |
16.3 |
12.5 |
29.9 % |
31.2 |
28.5 |
9.2 % | ||||
|
Adjusted EBIT |
0.0 |
0.6 |
-94.3 % |
0.2 |
0.7 |
-67.7 % | ||||
|
EBT |
1.1 |
1.1 |
2.4 % |
2.3 |
2.3 |
2.3 % | ||||
|
|
|
|
|
|
|
| ||||
|
Lease receivables1 |
777.3 |
696.4 |
11.6 % |
777.3 |
696.4 |
11.6 % | ||||
|
Lease liabilities2 |
767.0 |
676.6 |
13.4 % |
767.0 |
676.6 |
13.4 % | ||||
|
Net financial debt |
175.6 |
133.8 |
31.3 % |
175.6 |
133.8 |
31.3 % | ||||
|
Equity |
37.9 |
38.1 |
-0.4 % |
37.9 |
38.1 |
-0.4 % | ||||
|
|
|
|
|
|
|
| ||||
|
Return on equity |
|
|
|
6.1 % |
5.9 % |
– | ||||