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Our expertise and strong market position are no coincidence. They are forged from the same entrepreneurial spirit that also distinguishes our customers.
GRENKE's first Capital Market Update and ambitious growth targets: For 2024, the Board of Directors expects leasing new business of EUR 3.4 billion and net profit of EUR 140 million. This would double GRENKE's leasing new business and profit compared to financial year 2021. New business and consolidated profit will be increased four quarters in a row in 2022. GRENKE is thus laying the foundation for increasing earnings in the coming years and has a robust starting position on its way back to the old growth strength that has characterised GRENKE for four decades. CFO Dr Sebastian Hirsch will take over from Michael Bücker as Chairman of the Board of Directors on 1 December 2022 - initially on an interim basis - then permanently from 16 February 2023.
In August 2021, Michael Bücker became the new CEO of the listed GRENKE AG. His mission is to sustainably align the leasing specialist for small and medium-sized enterprises with the megatrends of society. In particular, the focus is now on "ESG" (environment, social and governance) and digitalisation.
GRENKE spans the globe with a presence in 33 countries. What was once a one-man business is now a multinational group of companies with a wide range of services. In addition to leasing IT and office equipment, GRENKE now offers financing for a host of other items. Factoring and banking services complete our comprehensive portfolio for start-ups, mid-sized businesses and private individuals.
GRENKE is celebrating 40 years in business. At the end of February, Wolfgang Grenke stepped down as Chairman of the Board of Directors. Antje Leminsky, his former deputy, became our new Chair and is taking the company forward with our founder’s spirit. In May 2018, Wolfgang Grenke was elected to the GRENKE AG Supervisory Board.
In April 2000, GRENKE went public. However, it remains faithful to its promise to work with small and mid-sized businesses on an equal footing and as a reliable partner. In 2005, the company set up its Factoring business area.
The company, now renamed GRENKELEASING KG, was expanding rapidly. Our first branches were established in the Federal Republic of Germany. In 1990, GRENKE proved itself a pioneer yet again: even before reunification, we opened our own branch in former East Berlin. In the years that followed, we set up a further eight branches in Germany and Austria. In December 1997, the company became a stock corporation.
In 1978, Wolfgang Grenke had an idea. Modern telephone systems, copiers and computers were finding their way into more and more offices. So he decided to make the associated investments easier by offering companies attractive leases. Having established his one-man business in Baden-Baden, he began a success story that shows no sign of slowing down. Even in the first year, Wolfgang Grenke and two employees oversaw 21 resellers and 198 leases. He saw massive potential in leasing low-cost office equipment (small-ticket IT leasing).