News and announce­ments

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Mar 2020

Coronavirus – GRENKE still fully operational thanks to suitable precautions

The WHO and the Federal Ministry of Health in Germany have declared the coronavirus outbreak a public health emergency of international concern. GRENKE has been following developments relating to C...


Feb 2020

GRENKE records a successful 2019 fiscal year with an increase in contribution margin and Consolidated Group net profit

  • Consolidated Group net profit increases by 8 percent to a total of EUR 142.1 million
  • Forecast range for net profit for 2020 is EUR 153 to 165 million


Jan 2020

GRENKE implements clarified requirements of IFRS 16 "Leases"

  • Adjustment made to attributable initial direct costs (IDCs)
  • Only slight adjustment to consolidated statement of financial position and consolidated income statement 


Jan 2020

GRENKE’s strong growth continues in 2019

  • GRENKE Group’s new business in 2019 reaches EUR 3,566.6 million for a year-on-year increase of 19.7%
  • Solid growth achieved in core markets


Oct 2019

GRENKE’s business continues to perform well in the third quarter of 2019

  • Nine-month net profit increases by 5.2% to EUR 103.0 million (9M-2018: EUR 98.0 million)
  • Loss rate is stable compared to the second quarter of 2019 and in line with expectations


Oct 2019

Growth continues in the third quarter of 2019 accompanied by higher profitability

  • New business at GRENKE Group Leasing increases 21.7% in the first nine months resulting in a slight increase in the full-year forecast to 18% - 21% (prior forecast: 16% - 19%)
  • Contribution margin 2 in the third quarter equals 17.1% after a level of 16.6% in the second quarter


Aug 2019

GRENKE AG: Resignation of Supervisory Board member Heinz Panter

Baden-Baden, August 20, 2019: Heinz Panter, member of the Supervisory Board of GRENKE AG, today informed the Company that he is resigning as Supervisory Board member with immediate effect and leavi...


Jul 2019

GRENKE continues its profitable growth course in a challenging environment and increases net profit in the first half-year by 7%; full-year forecast adjusted to growth of 5 to 13%

  • Half-year net profit increases by 7.2% to EUR 68.3 million (6M-2018: EUR 63.8 million)
  • Higher risk provisions required than initially forecast at the start of the year


Jul 2019

GRENKE AG adjusts forecast for 2019 Consolidated Group net profit and reaffirms new business forecast

  • Adjustment in forecast for Consolidated Group net profit: following net profit of EUR 131 million in the previous year, net profit in the current year forecasted to rise to EUR 138 to 148 million (previous forecast: EUR 147 to 156 million)
  • Target for new business growth at GRENKE Group Leasing narrowed to 16 to 19 percent (previous forecast: 14 to 19 percent)


Jul 2019

Solid new business growth recorded in the second quarter of 2019

  • Increase of 22.7% in new business at the GRENKE Group in the first half of 2019
  • Full-year forecast for growth of Leasing new business confirmed at a range of 14% – 19%
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