Grenke AG
XETRA:GLJ
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Grenke AG
XETRA:GLJ
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Grenke AG
GRENKE AG engages in the provision of leasing services. The company is headquartered in Baden-Baden, Baden-Wuerttemberg and currently employs 1,794 full-time employees. The company went IPO on 2000-04-04. The firm divides business activities into three business segments: Leasing, Banking and Factoring. The Leasing segment provides financing to commercial leasing, rental, insurance, service, and maintenance offerings, as well as the disposal of used equipment. The Banking segment comprises the activities of Grenke Bank AG, which is a financing partner particularly to small and medium-sized companies, in addition to the provision of financing in the context of business start-ups, as well as fixed-term deposits with main focus on German customers. The Factoring segment contains the activities of Grenkefactoring GmbH, which performs traditional factoring services, focusing on small-ticket factoring in Germany. The firm operates through various subsidiaries, branch offices and franchises across Europe.
GRENKE AG engages in the provision of leasing services. The company is headquartered in Baden-Baden, Baden-Wuerttemberg and currently employs 1,794 full-time employees. The company went IPO on 2000-04-04. The firm divides business activities into three business segments: Leasing, Banking and Factoring. The Leasing segment provides financing to commercial leasing, rental, insurance, service, and maintenance offerings, as well as the disposal of used equipment. The Banking segment comprises the activities of Grenke Bank AG, which is a financing partner particularly to small and medium-sized companies, in addition to the provision of financing in the context of business start-ups, as well as fixed-term deposits with main focus on German customers. The Factoring segment contains the activities of Grenkefactoring GmbH, which performs traditional factoring services, focusing on small-ticket factoring in Germany. The firm operates through various subsidiaries, branch offices and franchises across Europe.
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.
