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News and announcements

07

Apr 2021

GRENKE substantially increases contribution margin 2 in Q1 2021 and achieves 53.7% of new leasing business generated in strong prior-year quarter

  • New leasing business in Q1 2021 reaches EUR 365.8 million (Q1 2020: EUR 681.3 million)
  • Contribution margin 2 increases in Q1 2021 to 19.5% (Q1 2020: 18.2%)

26

Feb 2021

GRENKE informs about exonerating statements and points of criticism of BaFin’s special auditor

  • Mazars' interim report commissioned by BaFin reveals no doubt as to the existence of the lease receivables; allegation of money laundering not confirmed
  • Points of criticism of Mazars concern specifically the accounting treatment of the franchise companies, lack of disclosure of related parties, as well as deficiencies in money laundering prevention and parts of the customer lending business at GRENKE Bank