GRENKE


Associated tags: Baden-Baden, EUR

Locations: BADEN-BADEN, FINLAND, TURKEY, CM, SWEDEN, DENMARK, DEUTSCHLAND, USA, CANADA, AUSTRALIA, FRANCE, DEUTSCHLAND

EQS-News: GRENKE starts year with a strong Contribution Margin 2 in Q1 2024

Retrieved on: 
Wednesday, April 10, 2024
EUR, DACH, Growth, Sale, Baden-Baden, CM2, Lithium

New leasing business increases 9.8% to EUR 669.8 million (Q1 2023: EUR 610.2 million)

Key Points: 
  • New leasing business increases 9.8% to EUR 669.8 million (Q1 2023: EUR 610.2 million)
    Contribution margin 2 (CM2) expands 10.4% to EUR 112.7 million (Q1 2023: EUR 102.0 million)
    CM2 margin reaches 16.8% (Q1 2023: 16.7%)
    Baden-Baden, April 4, 2024: GRENKE AG, a global financing partner for small and medium-sized enterprises, increased its new leasing business by 9.8% to EUR 669.8 million in the first quarter of 2024 (Q1 2023: EUR 610.2 million), in a continuation of its growth trend.
  • The contribution margin 2 (CM2) – an indicator of new business profitability – increased 10.4% to EUR 112.7 million (Q1 2023: EUR 102.0 million).
  • As a result, GRENKE increased its CM2 margin to 16.8% (Q1 2023: 16.7%) and thereby achieved its medium-term target of around 17%.
  • GRENKE Bank’s new lending business, which largely consists of the microcredit business, totalled EUR 8.7 million in the first quarter of 2024 (Q1 2023: EUR 12.8 million).

EQS-News: Dr Konstantin Mettenheimer to not stand for re-election to the GRENKE AG Supervisory Board at the Annual General Meeting on April 30, 2024

Retrieved on: 
Wednesday, April 10, 2024
Annual, Growth, Supervisory board, Baden-Baden, AG

Dr Konstantin Mettenheimer to not stand for re-election to the GRENKE AG Supervisory Board at the Annual General Meeting on April 30, 2024

Key Points: 
  • Dr Konstantin Mettenheimer to not stand for re-election to the GRENKE AG Supervisory Board at the Annual General Meeting on April 30, 2024
    The issuer is solely responsible for the content of this announcement.
  • Dr Konstantin Mettenheimer to not stand for re-election to the GRENKE AG Supervisory Board at the Annual General Meeting on April 30, 2024
    Baden-Baden, March 15, 2024: Dr Konstantin Mettenheimer, member of the GRENKE AG Supervisory Board since July 2021 and its Deputy Chair since May 2023, has decided not to stand for re-election to the Supervisory Board at the Annual General Meeting on April 30, 2024.
  • “GRENKE AG has successfully repositioned itself in the areas of governance, compliance and digitalisation over the past three years and is clearly back on track for sustainable earnings growth,” said Dr Mettenheimer, explaining his decision.
  • After overcoming the challenges of the short-seller attack and the coronavirus pandemic, GRENKE has now cleared the path for profitable growth.

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

Retrieved on: 
Wednesday, March 13, 2024
CFO, Senior, Supervisory board, Baden-Baden, DZ Bank, WP, Finance Division, Treasury, Head

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 ACHIEVES UPPER HALF OF 2023 PROFIT FORECAST – NEW LEASING BUSINESS OF OVER EUR 3 BILLION TARGETED FOR 2024

Retrieved on: 
Wednesday, March 13, 2024
CFO, Annual general meeting, Share repurchase, Supervisory board, Coronavirus, Investment, Growth, EUR, Consolidated, CM2, Policy, CIR, Annual, Lithium

Consolidated Group net profit reaches EUR 86.7 million (2022: EUR 84.2 million)

Key Points: 
  • Consolidated Group net profit reaches EUR 86.7 million (2022: EUR 84.2 million)
    Proposed dividend of EUR 0.47 per share (2022: EUR 0.45)
    Baden-Baden, March 7, 2024: GRENKE AG, a global financing partner for small and medium-sized enterprises, achieved Consolidated Group net profit of EUR 86.7 million in the 2023 financial year (2022: EUR 84.2 million), reaching the upper half of its forecast range of EUR 80 to 90 million.
  • New leasing business in 2023 came to a total of EUR 2.6 billion (2022: EUR 2.3 billion).
  • As of the December 31, 2023 reporting date, non-current lease receivables of EUR 3.6 billion (2022: EUR 3.3 billion) compared to non-current financial liabilities of EUR 3.6 billion (2022: EUR 2.5 billion).
  • Current lease receivables of EUR 2.1 billion (2022: EUR 2.0 billion) were at a similar level to current financial liabilities of EUR 1.8 billion (2022: EUR 2.2 billion).

EQS-News: GRENKE LAUNCHES SHARE BUYBACK PROGRAMME

Retrieved on: 
Tuesday, February 6, 2024
Supervisory board, Annual, Calendar, Federal Financial Supervisory Authority, News, Baden-Baden, EUR, Share repurchase, Security (finance)

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.