• Leasing new business grew in the third quarter by 5.8% year-on-year to EUR 781.2 million (Q1-Q3 2025: EUR 2,403.3 million)
  • CM2 margin in the third quarter at 16.6% in line with guidance (Q1-Q3 2025: 17.1%)

 

Baden-Baden, October 2, 2025: grenke AG, a global financing partner for small and medium-sized enterprises, increased its leasing new business in the third quarter of 2025 by 5.8% year-on-year to EUR 781.2 million (Q3 2024: EUR 738.5 million). The contribution margin 2 (CM2), an indicator of profitability, rose year-on-year by 3.3% to EUR 129.9 million (Q3 2024: EUR 125.8 million). The CM2 margin equalled 16.6% (Q3 2024: 17.0%) and continued to exceed the set target of over 16.5% for the 2025 financial year.

Dr Sebastian Hirsch, CEO of grenke AG: “Also the third quarter was generally characterized by a high degree of uncertainty. Against the backdrop of this persistently challenging environment, our focus on the strong core markets in Europe has paid off. Likewise, the significant growth in our future markets is strategically indicative of the direction we are taking - towards even greater international diversification and independence from individual markets. In short: grenke remains on track.”

Dr Martin Paal, CFO of grenke AG: “We achieved solid leasing new business in the first three quarters. With a volume of EUR 2.4 billion, we remain in line with our full-year target. Given the high volatility in our markets and the elevated risk costs, which are already fully priced into our contribution margin 2, the CM2 margin of around 17% is evidence of our strong future profitability.”

Growth across the entire portfolio
In the third quarter, the largest category of lease objects, measured by the number of concluded contracts, was the IT equipment category at 26.5%, which primarily includes laptops, IT equipment, and software. The share of direct customer business of the total leasing new business was stable in the third quarter at 17.9% (Q3 2024: 17.7 %). The number of lease applications continued to grow to around 159,000 (Q3 2024: around 146,000), resulting in approximately 77,000 new leasing contracts (Q3 2024: around 76,000). The conversion ratio amounted to 48.6% and was in line with the customary level of business (Q3 2024: 52.2 %). The average ticket size was EUR 10,131 (Q3 2024: EUR 9,702).

Germany and France drive growth
The DACH region was the strongest region with growth of 9.4% to EUR 207.2 million (Q3 2024: EUR 189.3 million) and a 26.5% share of leasing new business in the third quarter of 2025. Within this region, Germany accounted for the largest share of total leasing new business at 21.7%. Moreover, grenke entered into a long-term partnership with Deutsche Telekom AG to offer leasing solutions to its business customers in Germany – a move that is expected to generate further momentum in this core market.

With an increase of 12.3% to EUR 197.3 million, Western Europe (without DACH) ranked second in terms of volume (Q3 2024: EUR 175.7 million). France contributed the largest share in this region, accounting for 19.2% of the total leasing new business. The Southern Europe region ranked third with an increase of 7.9% and leasing new business volume of EUR 179.7 million (Q3 2024: EUR 166.5 million). Italy, with a 12.6% share of the total new business volume, was the largest market in the third quarter.

The Northern/Eastern Europe region reported a volume of EUR 137.9 million, which was below the prior-year figure (Q3 2024: EUR 158.6 million) due to difficult comparisons against a very strong quarter in the previous year. Other Regions recorded growth of 22.2% to EUR 59.1 million (Q3 2024: EUR 48.4 million), supported in part by a substantial increase in new business in the USA.

grenke Bank deposits remain stable
As of the September 30, 2025 reporting date, the deposit business totalled EUR 2,193.2 million (December 31, 2024:  EUR 2,230.6 million).

grenke Bank’s lending new business, which largely consists of microcredit business, amounted to EUR 10.2 million in the reporting period (Q3 2024: EUR 9.6 million).

The sold factoring business recorded new business volume of EUR 197.1 million in the third quarter of 2025 (Q3 2024: EUR 234.2 million). The decline reflects the partial completion of the transfer of the factoring business to Teylor AG.

An interview with the Board of Directors, with further insights into the new business figures for the third quarter of 2025, is available here.

This and other news can be found on our Investor Relations LinkedIn channel.

The Quarterly Statement for Q3 and Q1-Q3 2025 will be published on November 13, 2025.