Chairman’s Statement on Euro Sales Finance’s Current Problems in Q3 Results


Euro Sales Finance (ESF), the pan European sales finance company, today announces its third quarter results for the nine months ending 31 March 2001.

The highlights for the nine month period:

  • Profits before tax amounted to Ј4.036m, which compares with Ј1.971m a year ago.

  • Quarter ahead 82% at Ј1m

  • Earnings per share 17.0p(11.1p last year)

  • Total sales financed were Ј2,589m against Ј991m a year ago, which arose from: England Ј1,230m (Ј833m last year); France Ј652m (Ј84m last year); Germany Ј660m (Ј72m last year); the Netherlands Ј47m (Ј2m last year).

  • Net advances to clients rose to Ј447m compared to Ј197m a year ago.

  • The Company operated 13 Strategic Business Units, 5 of which are in England, 5 in France, 2 in Germany and 1 in the Netherlands.

    • Chairman’s statement


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    Posted on May 17, 2001
    Region: UK