DGAP-News

GRENKELEASING AG: Consolidated Group net profit rises 24% to EUR 59.7 million - GRENKE increases its guidance once again - Seite 2

We had already increased our net profit guidance for the current 2015
fiscal year at the end of the first half. We are raising our net profit
guidance for 2015 once again and now expect net profit in the range of EUR
78 - 80 million (previous guidance: EUR 74 - 78 million). This would
represent growth of 20 - 23% compared to the net profit in 2014 of EUR 65.0
million.

At 17.5%, the Consolidated Group's equity ratio was not only above the
previous year's level but continues to exceed our long-term target of a
minimum of 16%.

Key Figures GRENKE                                        9M-2015   9M-2014
New business GRENKE Group Leasing                           961.1     821.3
New business GRENKE Group Factoring                         230.2     149.2
Business start-up financing GRENKE Bank                      14.4       8.4
Contribution margin 2 (CM2) on new business GRENKE           18.5      19.3
Group Leasing in %
Net profit GRENKE Consolidated Group in EURm                 59.7      48.3
Economic result* in EURm                                       82        75
Cost / income ratio in %                                     53.8      55.1
Equity ratio in %                                            17.5      16.7
Number of new leasing contracts in units                  113,448   100,596

* Net profit + change in embedded value after tax adjusted

From 2015, the method of calculation was adjusted to determine the economic
result. The retained earnings are included in both the net profit for the
period as well as in the embedded value at the end of the period.
Therefore, they are eliminated once in the calculation of the economic
result.

These results were generated by 918 employees compared to 838 employees in
the first nine months of 2014 (on a full-time basis excluding the members
of the Board of Directors and trainees).

"The positive trend witnessed in the first six months of the year continued
unabated in the third quarter. Net profit in the nine-month period grew a
satisfactory 24 percent to EUR 60 million. On the basis of this encouraging
development, we expect to even exceed the increased guidance provided in
July 2015 of a net profit in the range of EUR 74 - 78 million. For the year
as a whole, we expect a net profit between EUR 78 - 80 million,
representing year-on-year growth of at least 20 percent. With these
positive results we are entering the last quarter of 2015 with the
confidence that we will end the fiscal year as a whole on a successful
note", commented Wolfgang Grenke, Chairman of the Board of Directors of