grenke is on track with EUR 2.4 billion in new business

EQS-News: grenke AG / Key word(s): Miscellaneous grenke is on track with EUR 2.4 billion in new business 02.10.2025 / 06:59 CET/CEST The issuer is solely responsible for the content of this announcement. grenke is on track with EUR 2.4 billion in new business

• Leasing new business grew in the third quarter by 5.8% year-on-year to EUR 781.2 million (Q1-Q3 2025: EUR 2,403.3 million)
• CM2 margin in the third quarter at 16.6% in line with guidance (Q1-Q3 2025: 17.1%)

Baden-Baden, October 2, 2025: grenke AG, a global financing partner for small and medium-sized enterprises, increased its leasing new business in the third quarter of 2025 by 5.8% year-on-year to EUR 781.2 million (Q3 2024: EUR 738.5 million). The contribution margin 2 (CM2), an indicator of profitability, rose year-on-year by 3.3% to EUR 129.9 million (Q3 2024: EUR 125.8 million). The CM2 margin equalled 16.6% (Q3 2024: 17.0%) and continued to exceed the set target of over 16.5% for the 2025 financial year.

Dr Sebastian Hirsch, CEO of grenke AG: “Also the third quarter was generally characterized by a high degree of uncertainty. Against the backdrop of this persistently challenging environment, our focus on the strong core markets in Europe has paid off. Likewise, the significant growth in our future markets is strategically indicative of the direction we are taking - towards even greater international diversification and independence from individual markets. In short: grenke remains on track.”

Dr Martin Paal, CFO of grenke AG: “We achieved solid leasing new business in the first three quarters. With a volume of EUR 2.4 billion, we remain in line with our full-year target. Given the high volatility in our markets and the elevated risk costs, which are already fully priced into our contribution margin 2, the CM2 margin of around 17% is evidence of our strong future profitability.”

Growth across the entire portfolio
In the third quarter, the largest category of lease objects, measured by the number of concluded contracts, was the IT equipment category at 26.5%, which primarily includes laptops, IT equipment, and software. The share of direct customer business of the total leasing new business was stable in the third quarter at 17.9% (Q3 2024: 17.7 %). The number of lease applications continued to grow to around 159,000 (Q3 2024: around 146,000), resulting in approximately 77,000 new leasing contracts (Q3 2024: around 76,000). The conversion ratio amounted to 48.6% and was in line with the customary level of business (Q3 2024: 52.2 %). The average ticket size was EUR 10,131 (Q3 2024: EUR 9,702).