Grenke

DGAP-News: GRENKE AG: GRENKE achieves significant increase in net profit in the second quarter of 2021

Retrieved on: 
Wednesday, August 4, 2021
Baden-Baden, Grenke, Net income, Economy, Finance, Business

Baden-Baden, Germany, August 4, 2021: GRENKE AG, a global financing partner for small and medium-sized enterprises, significantly increased its net profit in the second quarter of 2021, despite the effects of the Covid-19 pandemic.

Key Points: 
  • Baden-Baden, Germany, August 4, 2021: GRENKE AG, a global financing partner for small and medium-sized enterprises, significantly increased its net profit in the second quarter of 2021, despite the effects of the Covid-19 pandemic.
  • Consolidated net profit after taxes increased to EUR 18.3 million (Q2 20201: EUR 13.5 million).
  • At 50.9% (Q2 20201: 40.0%), the cost-income ratio (CIR) in the second quarter of 2021 remained slightly above the full-year 2021 target of under 50%.
  • GRENKE AG expects Consolidated Group net profit to be in the range of EUR 60 million to EUR 80 million.

DGAP-News: GRENKE AG: Virtual Annual General Meeting of GRENKE AG resolves dividend and appoints new Supervisory Board members

Retrieved on: 
Friday, July 30, 2021
Baden-Baden, States of Germany, Grenke

Baden-Baden, July 29, 2021: GRENKE AG held its Ordinary Annual General Meeting today, which, as in the previous year, was held as a virtual event.

Key Points: 
  • Baden-Baden, July 29, 2021: GRENKE AG held its Ordinary Annual General Meeting today, which, as in the previous year, was held as a virtual event.
  • All members of the Board of Directors and Supervisory Board were discharged for the 2020 financial year by a large majority.
  • The Annual General Meeting elected Norbert Freisleben, Nils Krber and Dr Konstantin Nikolaus Maria Mettenheimer to the Supervisory Board by way of special election.
  • Wolfgang Grenke, Claudia Karolina Krcmar and Florian Schulte left the Supervisory Board effective at the end of today's Annual General Meeting.

DGAP-News: GRENKE AG raises profit forecast for 2021

Retrieved on: 
Wednesday, July 28, 2021
Baden-Baden, Grenke, Economy of Germany

Consolidated Group net profit of EUR 60-80 million expected (previous forecast: EUR 50-70 million)

Key Points: 
  • Consolidated Group net profit of EUR 60-80 million expected (previous forecast: EUR 50-70 million)
    Baden-Baden, July 28, 2021: GRENKE AG, a global financing partner for small and medium-sized enterprises, is raising its profit forecast for 2021.
  • According to preliminary figures, Consolidated Group net profit reached EUR 32 million in the first six months(1H 2020: EUR 33.2 million).
  • Based on the preliminary half-year figures for 2021, the need for risk provisioning ended up decreasing.
  • The Board of Directors of GRENKE AG expects this to continue in the second half of 2021.

DGAP-News: GRENKE AG: Enforcement procedure completed for the 2019 consolidated financial statements - Aspects underlying the errors identified already taken into account in the 2020 financial statements

Retrieved on: 
Wednesday, July 28, 2021
Financial statements, Accounting, Finance, Consolidated financial statement, Grenke, Money, Auditor's report

- Areas identified were already known and retroactively adjusted for in the 2020 consolidated financial statements and taken into account in the current financial statements.

Key Points: 
  • - Areas identified were already known and retroactively adjusted for in the 2020 consolidated financial statements and taken into account in the current financial statements.
  • - Based on GRENKE's assessment, there is no need for further adjustments to the 2020 consolidated financial statements or previous financial statements as a result of the declaratory decision.
  • GRENKE AG had also adjusted for the items material for accounting purposes in its 2020 consolidated financial statements and retroactively for 2019 and is taking them into account in the current financial statements.
  • The details of the error findings in GRENKE AG's consolidated financial statements for the 2019 financial year are listed below.

DGAP-News: GRENKE AG: S&P affirms GRENKE AG rating of BBB+/A-2

Retrieved on: 
Thursday, July 22, 2021
Finance, Money, Baden-Baden, Economy, Grenke, Credit rating agencies, S&P Global Ratings, Credit rating

Baden-Baden, July 21, 2021: GRENKE AG, global financing partner for small and medium-sized enterprises, today reports the latest rating action by Standard & Poor's in which S&P Global Ratings affirmed GRENKE AG's "BBB+/A-2" long- and short-term issuer credit ratings and kept the outlook for the long-term rating at "negative".

Key Points: 
  • Baden-Baden, July 21, 2021: GRENKE AG, global financing partner for small and medium-sized enterprises, today reports the latest rating action by Standard & Poor's in which S&P Global Ratings affirmed GRENKE AG's "BBB+/A-2" long- and short-term issuer credit ratings and kept the outlook for the long-term rating at "negative".
  • As the rationale behind this rating, S&P acknowledged GRENKE AG's profitability and stable liquidity despite the current tense market situation.
  • The agency expects GRENKE to continue to show solid performance and resilience.
  • Dr Sebastian Hirsch, Chief Financial Officer of GRENKE AG, comments: "The affirmation of the investment grade rating gives us stability and a solid perspective.

DGAP-News: GRENKE AG: GRENKE New Business Q2 2021: Return to Conclusion of More Contracts - First Indications of a Normalisation

Retrieved on: 
Friday, July 2, 2021
Baden-Baden, Grenke, Q2, Economy of Germany, Companies

GRENKE AG: GRENKE New Business Q2 2021: Return to Conclusion of More Contracts - First Indications of a Normalisation

Key Points: 
  • GRENKE AG: GRENKE New Business Q2 2021: Return to Conclusion of More Contracts - First Indications of a Normalisation
    The issuer is solely responsible for the content of this announcement.
  • At the beginning of Q2 2020, new business in Germany was still less affected by the pandemic.
  • In comparison to this relatively robust performance a year ago, the DACH region saw lower year-on-year new leasing business in Q2 2021 of EUR 111.1 million (Q2 2020: EUR 131.6 million).
  • GRENKE concluded a total of 56,078 new lease contracts in the reporting period, corresponding to a conversion rate of 48%.

DGAP-News: GRENKE AG: Changes in the Supervisory Board of GRENKE AG and new member of the Board of Directors at GRENKE BANK

Retrieved on: 
Tuesday, June 29, 2021
Baden-Baden, Grenke, Economy of Germany, Companies, Germany

As announced, founder Wolfgang Grenke will leave the Supervisory Board at the end of the upcoming Annual General Meeting on July 29 of this year.

Key Points: 
  • As announced, founder Wolfgang Grenke will leave the Supervisory Board at the end of the upcoming Annual General Meeting on July 29 of this year.
  • Claudia Krcmar and Florian Schulte have also declared that they will resign from the Supervisory Board at their own request with effect from the end of the upcoming Annual General Meeting.
  • In addition, Andreas Schulz (59), member of the GRENKE BANK AG Board of Directors responsible for the Market business unit, will leave the Company on August 1 of this year.
  • GRENKE BANK AG is a wholly owned subsidiary of GRENKE AG and, based on its portfolio, forms an important component of the Consolidated Group's strategy.

DGAP-News: GRENKE AG: GRENKE: Chair of the Board of Directors Antje Leminsky leaves the Company; Michael Bücker to take over as of August 1, 2021

Retrieved on: 
Monday, June 14, 2021
Articles, Baden-Baden, Grenke, Business, Chess, Board of directors

GRENKE AG: GRENKE: Chair of the Board of Directors Antje Leminsky leaves the Company; Michael Bcker to take over as of August 1, 2021

Key Points: 
  • GRENKE AG: GRENKE: Chair of the Board of Directors Antje Leminsky leaves the Company; Michael Bcker to take over as of August 1, 2021
    The issuer is solely responsible for the content of this announcement.
  • GRENKE: Chair of the Board of Directors Antje Leminsky leaves the Company; Michael Bcker to take over as of August 1, 2021
    Baden-Baden, June 14, 2021: GRENKE AG announces that the Chair of the Board of Directors, Antje Leminsky, has decided for personal reasons to leave the Company as of June 30, 2021 after eight years on the Board of Directors of GRENKE AG, including three years as Chair of the Board of Directors.
  • The Supervisory Board has appointed Michael Bcker as Chair of the Board of Directors, effective August 1, 2021.
  • "I have been a member of the Board of Directors of GRENKE AG for eight years," explains Antje Leminsky.

DGAP-News: GRENKE AG: GRENKE AG presents its annual report for the year 2020

Retrieved on: 
Friday, May 21, 2021
Baden-Baden, Grenke, Economy of Germany

"Not only did we withstand the strong headwinds from various directions, but now the prerequisites are in place to allow GRENKE to return to its growth mode.

Key Points: 
  • "Not only did we withstand the strong headwinds from various directions, but now the prerequisites are in place to allow GRENKE to return to its growth mode.
  • "\nAt EUR 88.4 million (20191: EUR 133.3 million), GRENKE met its forecast of consolidated net profit in the upper double-digit millions published on February 26, 2021.
  • This level of net profit corresponds to earnings per share of EUR 1.86 (20191: EUR 2.89).
  • The result of this tender will be announced with the invitation to the ordinary Annual General Meeting, which will be held as a virtual meeting on July 29, 2021.\nThe GRENKE Group\'s Annual Report for the 2020 financial year is available at https://www.grenke.com/investor-relations/reports-and-presentations.\n'

DGAP-News: GRENKE AG: GRENKE: Receives unqualified audit opinion for the annual and consolidated financial state-ments as of December 31, 2020; plans dividend per share of 26 cents

Retrieved on: 
Monday, May 17, 2021
Financial statements, Auditing, Auditor's report, Finance, Grenke, KPMG, Dividend, Money, Economy

b'GRENKE AG: GRENKE: Receives unqualified audit opinion for the annual and consolidated financial state-ments as of December 31, 2020; plans dividend per share of 26 cents\nThe issuer is solely responsible for the content of this announcement.\nGRENKE: Receives unqualified audit opinion for the annual and consolidated financial statements as of December 31, 2020; plans dividend per share of 26 cents\nBaden-Baden, May 17, 2021: GRENKE AG announces that the auditing firm KPMG has today issued an unqualified audit opinion for the annual and consolidated financial statements as of December 31, 2020.

Key Points: 
  • b'GRENKE AG: GRENKE: Receives unqualified audit opinion for the annual and consolidated financial state-ments as of December 31, 2020; plans dividend per share of 26 cents\nThe issuer is solely responsible for the content of this announcement.\nGRENKE: Receives unqualified audit opinion for the annual and consolidated financial statements as of December 31, 2020; plans dividend per share of 26 cents\nBaden-Baden, May 17, 2021: GRENKE AG announces that the auditing firm KPMG has today issued an unqualified audit opinion for the annual and consolidated financial statements as of December 31, 2020.
  • The Company will publish the 2020 Annual Report on May 21, 2021, as announced.\n"We have delivered.
  • With the unqualified audit opinion, we are regaining trust," says Antje Leminsky, Chair of the Board of Directors of GRENKE AG.
  • "Investors, customers and employees can rely on GRENKE.