Press release: 04.10.2021 - Guidance adjusted

Baden-Baden, October 4, 2021: GRENKE AG, a global financing partner for small and medium-sized enterprises, achieved new leasing business of EUR 372.2 million in the third quarter of 2021 (Q3 2020: EUR 517.6 million). Global supply bottlenecks, specifically at manufacturers of computer and office equipment, were the cause of the weaker year-on-year new leasing business.

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Established in 1978, GRENKE has become a versatile partner for small and mid-sized businesses. We’ve grown alongside our customers and their needs. Today, we have three well-established business areas, and locations in 33 countries. Whether you’re an entrepreneur, a reseller, an institution or a private customer, we know that your challenges are as unique as you are. So we make sure our solutions are unique, too.

GRENKE Group facts and figures*

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2,795 mio.
Euro in new business**
33
Countries
> 1,700
Employees worldwide
> 150
Locations
3
Business areas: Leasing, Banking, Factoring

*As at 31.12.2020

** Total acquisition costs of all newly acquired leasing assets, purchased receivables volume in factoring and new SME lending business in the GRENKE Group incl. franchise partners in 2020.

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04

Oct 2021

GRENKE AG: New leasing business in the third quarter adversely affected by supply bottlenecks; increased momentum expected in the fourth quarter; guidance for 2021 adjusted

  • New leasing business in Q3 2021 declines year-on-year to EUR 372.2 million (Q3 2020: EUR 517.6 million)
  • CM2 margin in Q3 2021 at 17.1% (Q3 2020: 18.4%)

04

Oct 2021

GRENKE AG: New leasing business in the third quarter adversely affected by supply bottlenecks; guidance for 2021 adjusted

Baden-Baden, October 4, 2021: GRENKE AG, a global financing partner for small and medium-sized enterprises, achieved new leasing business of EUR 372.2 million in the third quarter of 2021 (Q3 2020:...

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