Grenke AG
XBER:GLJ
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Grenke AG
XBER:GLJ
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Vita 34 AG
XBER:V3V
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Grenke AG
Grenke AG is a small-ticket leasing company. It helps business customers get equipment such as office tech, IT gear, and other work tools without paying the full price upfront. Instead of selling the asset outright, Grenke buys it and rents it to the customer under a lease contract, while also offering related services such as financing and, in some cases, used-equipment resale. Its main customers are small and mid-sized businesses, self-employed professionals, and resellers who supply equipment to those customers. Grenke makes money mainly from lease payments over time, plus fees and income from selling returned equipment at the end of a lease. That means it sits between manufacturers, dealers, and end users, turning equipment purchases into a financing business. What makes Grenke different is its focus on standard business equipment rather than large corporate projects. The company relies on many smaller leases instead of a few big transactions, which gives it a very broad customer base and a steady, repeatable business model. It is most useful to companies that want to preserve cash and spread the cost of equipment over time.
Grenke AG is a small-ticket leasing company. It helps business customers get equipment such as office tech, IT gear, and other work tools without paying the full price upfront. Instead of selling the asset outright, Grenke buys it and rents it to the customer under a lease contract, while also offering related services such as financing and, in some cases, used-equipment resale.
Its main customers are small and mid-sized businesses, self-employed professionals, and resellers who supply equipment to those customers. Grenke makes money mainly from lease payments over time, plus fees and income from selling returned equipment at the end of a lease. That means it sits between manufacturers, dealers, and end users, turning equipment purchases into a financing business.
What makes Grenke different is its focus on standard business equipment rather than large corporate projects. The company relies on many smaller leases instead of a few big transactions, which gives it a very broad customer base and a steady, repeatable business model. It is most useful to companies that want to preserve cash and spread the cost of equipment over time.
Leasing Growth: Leasing new business volume rose by 9.3% to €2.4 billion for the first nine months, showing steady improvement.
Cost Discipline: Cost/income ratio dropped to 55.4%, two percentage points below last year and well under the 60% annual target.
Risk & Losses: Loss rate remains elevated at about 1.8%, above predictions, but management says the peak has passed.
Earnings On Track: Group earnings reached €48.6 million for the first nine months, keeping the company on track for full-year guidance.
Guidance Reaffirmed: Annual earnings expected within €71–81 million; results likely at the lower end if losses stay high.
CM2 Margin Normalization: CM2 margin for new business was 16.6% in Q3, normalizing after previous strong quarters, but expected to remain above 16.5%.
Funding Mix Stable: Funding sources remain diversified; recent benchmark bond and AUD bond placements support growth.
Disposal Gains Fading: Recent quarters benefited from disposal gains, but these are expected to decline going forward.
