EQS-Adhoc: GRENKE AG: GRENKE raises forecast for new leasing business for the 2022 financial year

GRENKE raises forecast for new leasing business for the 2022 financial year

Baden-Baden, October 4, 2022: The Board of Directors of GRENKE AG, a global financing partner for small and medium-sized enterprises, is raising its forecast for new leasing business for the 2022 financial year in light of the high growth in new leasing business to date. Under the assumption of continuing solid business development, the Board of Directors is raising its guidance and is now expecting new leasing business in the range of EUR 2.1 billion to EUR 2.3 billion for the 2022 financial year. This compares to the guidance published on March 17, 2022, in which the Board of Directors had anticipated a volume of new leasing business in the range of EUR 2.0 to EUR 2.2 billion.

In the third quarter of 2022, GRENKE generated new leasing business of EUR 565.5 million, up 51.9% on the previous year (Q3 2021: EUR 372.2 million). In the first nine months of the financial year, GRENKE generated new leasing business of EUR 1.65 billion, corresponding to an increase of 45.4%.

GRENKE will publish further details on the new business development in the third quarter of 2022 on October 5, 2022, as scheduled.

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