Financial Results – Page 7318 – I wish I had more to offer

Asset finance new business more than £3.3 billion in March

11 May 2018
New figures released today by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) fell by 5% in March, compared with the same month last year, and by 3% in Q1 2018 overall.
New finance for business equipment grew in March by 13% compared with the same month in 2017. Over the same period, the plant and machinery finance and commercial vehicle finance sectors reported falls in new business of 9% and 2% respectively.
Commenting on the figures, Geraldine Kilkelly, Head of Research and Chief Economist at the FLA, said:
“The asset finance market recorded its third highest monthly new business total in March at more than £3.3 billion. However, the latest figures reflect some of the recent slowdown in the UK economy, with new finance for agricultural and construction equipment 1% and 8% lower in March than in the same month in 2017.”
Mar 2018
% change on prev. year
3 months to Mar
2018
% change on prev. year
12 months to Mar
2018
% change on prev. year
Total FLA asset finance (£m)
3,325
-5
7,668
-3
31,459
+3
Total excluding high value (£m)
3,229
-3
7,316
-1
29,782
+3
Data Extracts:By asset:
Plant and machinery finance (£m)
654
-9
1,652
-1
6,561
+7
Commercial vehicle finance (£m)
849
-2
1,813
-4
7,412
-1
IT equipment finance (£m)
196
-24
497
-3
2,318
+2
Business equipment finance (£m)
259
+13
622
+1
2,586
+5
Car finance (£m)
1,041
-7
2,200
-3
9,357
+2
Aircraft, ships and rolling stock finance (£m)
33
-39
66
-61
448
-18
By channel:
Direct finance (£m)
1,652
+1
3,693
-1
14,940
+1
Broker-introduced finance (£m)
579
-4
1,451
+4
5,720
+8
Sales finance (£m)
998
-10
2,172
-2
9,122
+4
By product:
Finance leasing (£m)
406
-1
914
+4
3,843
+5
Operating leasing (£m)
714
-13
1,531
-11
6,534
-3
Lease/Hire purchase (£m)
1,835
+1
4,151
0
16,865
+4
Other finance (£m)
304
-19
824
-14
3,150
-6
Note to editors:
In 2017, FLA members provided £128 billion of new finance to UK businesses and households. £32 billion of finance was provided to businesses and the public sector. FLA members financed more than a third of UK investment in machinery, equipment and purchased software in the UK in 2017.For media enquiries, please contact the FLA press office on 020 7420 9656.

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2014 record year for Automobili Lamborghini in sales and turnover

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In the fiscal year 2014 Automobili Lamborghini S.p.A. again improved its key financial figures and reached new records in terms of sales and turnover in its history of more than 50 years. Worldwide deliveries to customers increased from 2.121 to 2.530 units: a growth of 19 percent. Turnover showed an even stronger growth of 24 percent from 508 million euros to 629 million euros. The over-proportional growth in turnover is due to a continuing high demand for the Lamborghini Aventador and the very successful market introduction of the new Huracán.
“For the fourth year in row Automobili Lamborghini delivered a very satisfying performance. The record values underline the attractiveness of our model portfolio as well as the strength of our global brand, product and commercials trategy,” said Stephan Winkelmann, President and CEO of AutomobiliLamborghini S.p.A.
Production at the Sant'Agata Bolognese headquarters is already used to capacity for the current year 2015.
In order to assure its commitment to innovation and in preparation for future growth, the long-established Italian super sports car company maintains its investment in research and development and in factory premises. Despite an above average rate of investment of over 20% compared to the industry the company also made a profit in the year 2014.
Winkelmann underlined: “Today the company is driving towards the future from a very solid economic base. With our very attractive model mix, on-going anticipated investment and stable markets, we anticipate a phase of solid growth in the medium term.”

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Rekordwerte für Automobili Lamborghini in 2014 bei Absatz und Umsatz

Lamborghini Media Centre

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