ISIN:DE000A161N30

EQS-News: GRENKE INTENDS TO SELL FACTORING COMPANIES

Retrieved on: 
Montag, Februar 5, 2024
Supervisory board, Investment, Sale, Attention, Baden-Baden, Growth, BANK

Baden-Baden, 31.01.2024: The Supervisory Board of GRENKE AG today approved the Board of Directors' decision to focus on the leasing business with small and medium-sized companies in the future and initiate the sale of all factoring companies.

Key Points: 
  • Baden-Baden, 31.01.2024: The Supervisory Board of GRENKE AG today approved the Board of Directors' decision to focus on the leasing business with small and medium-sized companies in the future and initiate the sale of all factoring companies.
  • The synergies with the core leasing business that were anticipated at the time of entering the factoring business have not materialised.
  • Instead of implementing a standalone factoring strategy separate from the leasing business, GRENKE intends to fully focus its resources and investments on advancing digitalisation and growth in the leasing business.
  • However, I am convinced there are strong opportunities for the factoring business given the appropriate attention and determination.

EQS-News: GRENKE CONTINUES ITS PROFITABLE GROWTH PATH: EUR 2.6 BILLION IN NEW LEASING BUSINESS IN 2023

Retrieved on: 
Donnerstag, Januar 4, 2024
DACH, CM2, Face, Growth, EUR, Investment, Baden-Baden, Film industry

GRENKE CONTINUES ITS PROFITABLE GROWTH PATH: EUR 2.6 BILLION IN NEW LEASING BUSINESS IN 2023

Key Points: 
  • GRENKE CONTINUES ITS PROFITABLE GROWTH PATH: EUR 2.6 BILLION IN NEW LEASING BUSINESS IN 2023
    The issuer is solely responsible for the content of this announcement.
  • GRENKE continues its profitable growth path: EUR 2.6 billion in new leasing business in 2023
    New leasing business in 2023 surpasses previous year's level by 12.3 % (2022: EUR 2.3 billion) and reaches the lower end of 2023 forecast
    CM2 increases by 15.3 % to EUR 426.3 million (2022: EUR 369.6 million)
    CM2 margin rises to 16.5 % (2022: 16.1 %)
    Baden-Baden, January 4, 2024: GRENKE AG, a global financing partner for small and medium-sized enterprises, continued on its double-digit growth path.
  • At EUR 729.7 million, new leasing business in the fourth quarter of 2023 was 12.8 % higher year-on-year (Q4 2022: EUR 647.0 million).
  • GRENKE Bank's new lending business, which largely consists of the microcredit business, totalled EUR 11.6 million in the fourth quarter of 2023 (Q4 2022: EUR 10.1 million).

EQS-News: GRENKE Corporate Governance scores top position in SDAX

Retrieved on: 
Samstag, Dezember 30, 2023
DAX, SDAX, MDAX, German, Trust, Baden-Baden

Compared to the previous year, GRENKE improved significantly by 3.94 percentage points (2022: 3rd place SDAX, 74.13 %).

Key Points: 
  • Compared to the previous year, GRENKE improved significantly by 3.94 percentage points (2022: 3rd place SDAX, 74.13 %).
  • The DVFA Scorecard annually evaluates the quality of corporate governance of companies listed in the German DAX, MDAX and SDAX.
  • “We are proud, to have achieved a top position in the SDAX for our corporate governance again”, states Dr. Sebastian Hirsch, CEO of GRENKE AG.
  • “A strong corporate governance is the foundation for trust in the capital market and is of high importance to us.

EQS-News: GRENKE CEO Dr Sebastian Hirsch after one year in office: “Successful realignment”

Retrieved on: 
Samstag, Dezember 30, 2023
SME, Bicycle industry, Share repurchase, Acquisition, CM2, Coronavirus, Face, Growth, EUR, Supervisory board, Federal Financial Supervisory Authority, History, Baden-Baden, Management

GRENKE CEO Dr Sebastian Hirsch after one year in office: “Successful realignment”

Key Points: 
  • GRENKE CEO Dr Sebastian Hirsch after one year in office: “Successful realignment”
    The issuer is solely responsible for the content of this announcement.
  • GRENKE CEO Dr Sebastian Hirsch after one year in office: “Successful realignment”
    Turnaround achieved and strong foundation for further profit growth with stronger new leasing business, first green benchmark bond and digitalisation programme
    Baden-Baden, November 21, 2023: Exactly one year to the day after taking office as CEO, Dr Sebastian Hirsch sees the successful completion of the turnaround at GRENKE AG.
  • Hirsch believes the timing is right: “Despite the positive share price performance in recent weeks, GRENKE’s current market capitalisation is still well below its book value.
  • As the highest volume of new business ever achieved, this would be a record in the history of GRENKE.

EQS-News: GRENKE significantly increases earnings in Q3 2023

Retrieved on: 
Dienstag, Dezember 26, 2023
Environment, Growth, EUR, Interest, CM2, CIR, Film industry

Consolidated Group net profit also rose sharply year-on-year by 18.0% to EUR 24.0 million (Q3 2022: EUR 20.3 million).

Key Points: 
  • Consolidated Group net profit also rose sharply year-on-year by 18.0% to EUR 24.0 million (Q3 2022: EUR 20.3 million).
  • Earnings per share equalled EUR 0.53 (Q3 2022: EUR 0.50).
  • The CM2 margin remained stable at 16.5% in the third quarter of 2023 (Q3 2022: 16.4%) despite a further rise in interest rates.
  • As of September 30, 2023, the GRENKE Group’s total assets amounted to EUR 7.1 billion (December 31, 2022: EUR 6.4 billion).

EQS-News: GRENKE präsentiert Studie zum Anlageverhalten privater Aktionärinnen und Aktionäre

Retrieved on: 
Donnerstag, Dezember 14, 2023
Student, KGV, Studium, Ergebnis, Platz, Information, Unternehmen, Hirsch, Vic, Studie, Vorstand, Herr, Bachelorarbeit, Wirtschaft, Deutschland, Geld, Schutz, Abschlussarbeit, Frage, Prozent, Rahmen, Bestand, Basis, Börsenkurs, CEO, Thema, Faktor, Interesse, Motiv, Kauf, Doktor, Frank, Inflation, Matthias, Wichtigkeit, Bedeutung, Anke, Schatten, Veranstaltung, SDK, Borowicz, Anleger, Aktie, Präsident, Karlsruhe, Schutzgemeinschaft, Ziel, Darstellung, Mitglied, Ramona Petzelberger, Linnartz, Hochschule, DHBW, Duale Hochschule Baden-Württemberg Karlsruhe, Aktienmarkt, Anleger (Finanzmarkt)

EQS-News: GRENKE presents study on the investment behaviour of retail investors

Retrieved on: 
Donnerstag, Dezember 14, 2023
DHBW, Faculty, Biophysical environment, Economics, Baden-Baden, DAI, SDK, Student, Security (finance), Cryptocurrency, Management

December 2023: GRENKE AG, the global financing partner for small and medium-sized enterprises, has analysed the motives and decision criteria of retail investors when buying shares in a large-scale study.

Key Points: 
  • December 2023: GRENKE AG, the global financing partner for small and medium-sized enterprises, has analysed the motives and decision criteria of retail investors when buying shares in a large-scale study.
  • Moreover, instead of investing in just a few companies, retail investors prefer to spread their investment over a large number of companies.
  • For GRENKE AG alone, the number of retail investors doubled in just one year (2020) from around 10,000 to over 20,000.
  • Environmental and social criteria, although much discussed, still play a subordinate role in retail investors’ investment decisions.”
    Currently 26 students are completing their dual study programmes at GRENKE AG.