Baden-Baden

EQS-News: GRENKE AG: DR MARTIN PAAL APPOINTED AS CHIEF FINANCIAL OFFICER OF GRENKE AG

Retrieved on: 
Wednesday, March 13, 2024

Baden-Baden, March 5, 2024 – The Supervisory Board of GRENKE AG has appointed the current Head of Finance,

Key Points: 
  • Baden-Baden, March 5, 2024 – The Supervisory Board of GRENKE AG has appointed the current Head of Finance,
    Dr Martin Paal, as the Chief Financial Officer effective as of July 1, 2024.
  • Dr Martin Paal, born in 1979, is a proven finance and banking expert.
  • After holding several positions at renowned international consulting firms and DZ Bank, Dr Paal joined GRENKE AG as Vice President Controlling in June 2022.
  • Chair of the Supervisory Board of GRENKE AG Jens Rönnberg WP StB: “Dr Paal has been the acting deputy to Dr Sebastian Hirsch in the Finance department since February 2023.

EQS-News: GRENKE LAUNCHES SHARE BUYBACK PROGRAMME

Retrieved on: 
Tuesday, February 6, 2024

Baden-Baden, February 6, 2024: The Board of Directors of GRENKE AG, with the consent of the Supervisory Board, today resolved to implement a share buyback programme.

Key Points: 
  • Baden-Baden, February 6, 2024: The Board of Directors of GRENKE AG, with the consent of the Supervisory Board, today resolved to implement a share buyback programme.
  • The share buyback programme encompasses a maximum of 2,317,695 shares with a value of up to EUR 70 million (excluding ancillary costs), corresponding to 5 percent of the company’s share capital existing at the time of the authorisation resolution of the Annual General Meeting on August 6, 2020.
  • The share buyback programme is scheduled to begin in the coming week (calendar week 7).
  • Through this share buyback, we are realising an attractive investment opportunity for GRENKE AG, and therefore also for our shareholders, based on the current share price.”
    06.02.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.

EQS-News: GRENKE INTENDS TO SELL FACTORING COMPANIES

Retrieved on: 
Monday, February 5, 2024

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: 
Thursday, January 4, 2024

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: 
Saturday, December 30, 2023

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: 
Saturday, December 30, 2023

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 presents study on the investment behaviour of retail investors

Retrieved on: 
Thursday, December 14, 2023

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.

EQS-News: GRENKE: Successful debut of the first green bond issue 

Retrieved on: 
Monday, September 25, 2023

The issue volume of this first GRENKE Green Bond (ISIN XS2695009998) amounted to approximately EUR 500 million, reaching the highest issue volume for a bond in the leasing specialist’s more than 40-year history.

Key Points: 
  • The issue volume of this first GRENKE Green Bond (ISIN XS2695009998) amounted to approximately EUR 500 million, reaching the highest issue volume for a bond in the leasing specialist’s more than 40-year history.
  • “With our first Green Bond, we are providing targeted support for the green transformation of SMEs in the more than 30 countries we operate in.
  • Starting at an issue volume of EUR 500 million, a bond is considered a benchmark bond and can become a member of a capital market index.
  • GRENKE’s first green bond was purchased primarily by institutional investors, including asset managers, funds, banks, insurers and pension funds.

EQS-News: GRENKE: Positive earnings development in the second quarter of 2023

Retrieved on: 
Wednesday, August 9, 2023

In the second quarter of 2023, GRENKE generated income from operating business of EUR 109.2 million, for a year-on-year increase of 11.4% (Q2 2022: EUR 98.0 million).

Key Points: 
  • In the second quarter of 2023, GRENKE generated income from operating business of EUR 109.2 million, for a year-on-year increase of 11.4% (Q2 2022: EUR 98.0 million).
  • The continued positive development of the CM2 margin in Q2 2023 to 16.9% after 16.7% in Q1 2023 will have a particularly positive impact on Consolidated Group net profit.
  • Staff costs in the second quarter of 2023 increased by EUR 9.0 million to EUR 44.0 million compared to the same quarter in the prior year (Q2 2022: EUR 35.0 million).
  • The financial report for the second quarter and first half of 2023 will be available as of August 10, 2023 the internet at www.grenke.com/investor-relations/reports-and-presentations/.

EQS-News: GRENKE grows and increases new leasing business CM2 margin in Q2 2023

Retrieved on: 
Wednesday, July 5, 2023

New leasing business grows by 10.7% to EUR 650.3 million (Q2 2022: EUR 587.4 million)

Key Points: 
  • New leasing business grows by 10.7% to EUR 650.3 million (Q2 2022: EUR 587.4 million)
    Contribution margin 2 increases by 17.7% to EUR 109.7 million (Q2 2022: EUR 93.2 million)
    CM2 margin reaches 16.9% (Q2 2022: 15.9%)
    Baden-Baden, July 5, 2023: GRENKE AG, a global financing partner for small and medium-sized enterprises, continued its growth trajectory in the second quarter of the current year.
  • At EUR 650.3 million, new leasing business generated in the quarter was 10.7% higher year-on-year (Q2 2022: EUR 587.4 million), making Q2 2023 the seventh consecutive quarter with double-digit year-on-year growth.
  • As a result, GRENKE was able to substantially increase its CM2 margin to 16.9% both year-on-year (Q2 2022: 15.9%) and versus the prior quarter (Q1 2023: 16.7%).
  • GRENKE Bank’s new microcredit business in the second quarter of 2023 was EUR 11.0 million and slightly below the previous year’s figure (Q2 2022: EUR 13.6 million).