DGAP-News

GRENKELEASING AG: Consolidated Group net profit rises 24% to EUR 80.8 million - exceeds profit forecast of EUR 78 - 80 million - Seite 2

gains/losses from disposals, income from operating business increased 20.3%
from EUR 192.9 million in the previous year to EUR 232.1 million.

In the course of our strategic expansion and the opening of new locations,
our number of employees was 9.7% higher than in the previous year.
Consequently, total remuneration, defined as the sum of fixed and variable
staff costs, increased 14.8% to EUR 63.2 million (2014: EUR 55.0 million).

We also recorded a 15.2% rise in selling and administrative expenses to EUR
52.7 million (2014: EUR 45.7 million). This was mainly due to a rise in IT
project costs to EUR 4.6 million (2014: EUR 2.4 million) from the expansion
and optimisation of our systems and the development of new and efficient
services like "eSignature".

Our growth in income outpaced the rise in expenses and led to a higher
operating result. Earnings before taxes saw a year-on-year increase of
25.9% to EUR 109.5 million (2014: EUR 86.9 million). Earnings per share
totalled EUR 5.43 (2014: EUR 4.41).

2015 Consolidated Group net profit amounted to EUR 80.8 million increasing
24.3% in comparison to EUR 65.0 million in the previous year

At 17.0%, the Consolidated Group's equity ratio was above the previous
year's level and above our long-term target of a minimum of 16%.

In light of the favourable development in the reporting year and our
positive outlook, the Supervisory Board and the Board of Directors will
propose a EUR 1.50 dividend per share for the 2015 fiscal year at the
Annual General Meeting on May 3, 2016. In the previous year, the Company
distributed a dividend of EUR 1.10 per share. This year, as in 2014, we
intend to offer our shareholders the option of receiving the dividend
exclusively in cash or as a combination of cash and shares in GRENKELEASING
AG.

Key Figures GRENKE                                           2015      2014
New business GRENKE Group Leasing in EURm                 1,359.9   1,132.8
New business GRENKE Group Factoring in EURm                 324.6     208.8
Business start-up financing GRENKE Bank in EURm              19.6      11.3
Contribution margin 2 (CM2) on new business GRENKE           18.1      19.3
Group Leasing in %
Net profit GRENKE Consolidated Group in EURm                 80.8      65.0
Economic result (after tax) in EURm                           112       101
Cost / income ratio in %                                     54.0      55.7
Equity ratio in %                                            17.0      16.9
Number of new leasing contracts in units                  492,455   427,212

The average number of employees in the GRENKE Consolidated Group in 2015