DGAP-News 149 0 Kommentare GRENKE AG raises profit forecast for 2021 - Seite 2

According to preliminary figures, the profit and loss item settlement of claims and risk provisioning decreased to EUR 84 million in the first half of 2021 (1H 2020: EUR 123.1 million). In the previous year, this item had increased significantly as a result of expected payment defaults at the beginning of the COVID-19 pandemic. Primarily due to the continuing negative impact of the pandemic, the Board of Directors still expects new leasing business in the range of EUR 1.7 billion and EUR 2.0 billion, following a level of EUR 2.0 billion in 2020. The Board of Directors also continues to expect to achieve an equity ratio of more than 16 percent.

For further information, please contact:

GRENKE AG
Team Investor Relations
Neuer Markt 2
76532 Baden-Baden
Phone: +49 7221 5007-204
Email: investor@grenke.de
Website: www.grenke.com

Press contact
Stefan Wichmann
Executive Communications Consulting
Neuer Markt 2
76532 Baden-Baden
Mobile: +49 (0) 171 20 20 300
Email: presse@grenke.de

About GRENKE

The GRENKE Group (GRENKE) is a global financing partner for small and medium-sized companies. As a one-stop shop for customers, GRENKE's products range from flexible small-ticket leasing and demand-driven bank products to convenient factoring. Fast and easy processing and personal contact with customers and partners are at the centre of GRENKE's activities.

Founded in 1978 in Baden-Baden, the Group operates in 33 countries and employs more than 1,800 staff (full-time equivalents) worldwide. GRENKE shares are listed in the SDAX on the Frankfurt Stock Exchange (ISIN DE000A161N30).

28.07.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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Language:	English
Company:	GRENKE AG
	Neuer Markt 2
	76532 Baden-Baden
	Germany
Phone:	+49 (0)7221 50 07-204
Fax:	+49 (0)7221 50 07-4218
E-mail:	investor@grenke.de
Internet:	www.grenke.de
ISIN:	DE000A161N30
WKN:	A161N3
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	1222239