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 19.2 per cent on the first nine months of the previous year (€ 196.0 million) and stood at € 233.5 million. There was also a small year-on-year rise in revenue of 1.1 per cent from the intra-group financing of the short-term rental fleets of the Linde Material Handling and STILL segments. Total revenue amounted to € 384.8 million, significantly ahead of the same period in 2012 (Q1—Q3 2012: € 345.6 million).
The segment’s earnings before tax of € 3.5 million equalled those in the first three quarters of 2012 (€ 3.5 million). Expressed as a proportion of equity as at 30 September, earnings before tax in the segment amounted to 9.0 per cent, which was unchanged on the previous year.
|
Quarterly information—Financial Services— |
>>TABLE 10 | |||||||||
|
in € million |
Q3 |
Q3 |
Change |
Q1–Q3 |
Q1–Q3 |
Change | ||||
| ||||||||||
|
|
|
|
|
|
|
| ||||
|
Order intake |
129.8 |
124.4 |
4.4 % |
384.8 |
345.6 |
11.3 % | ||||
|
Revenue |
129.8 |
124.4 |
4.4 % |
384.8 |
345.6 |
11.3 % | ||||
|
Adjusted EBITDA |
17.3 |
15.8 |
9.9 % |
48.5 |
44.3 |
9.4 % | ||||
|
Adjusted EBIT |
0.0 |
0.4 |
–94.0 % |
0.2 |
1.1 |
–82.3 % | ||||
|
EBT |
1.1 |
1.3 |
–10.5 % |
3.5 |
3.5 |
–2.3 % | ||||
|
|
|
|
|
|
|
| ||||
|
Lease receivables1 |
812.5 |
720.5 |
12.8 % |
812.5 |
720.5 |
12.8 % | ||||
|
Lease liabilities2 |
804.7 |
697.2 |
15.4 % |
804.7 |
697.2 |
15.4 % | ||||
|
Net financial debt |
184.0 |
158.0 |
16.4 % |
184.0 |
158.0 |
16.4 % | ||||
|
Equity |
38.6 |
39.2 |
–1.4 % |
38.6 |
39.2 |
–1.4 % | ||||
|
|
|
|
|
|
|
| ||||
|
Return on equity in % |
|
|
|
9.0 % |
9.0 % |
– | ||||