GRENKE AG, DE000A161N30

GRENKE AG, DE000A161N30

04.07.2017 - 08:29:37

GRENKE AG: GRENKE increases forecast for the Leasing segment's new business

GRENKE increases forecast for the Leasing segment's new business

Baden-Baden, July 4, 2017: In the first half of 2017, GRENKE AG (ISIN DE000A161N30) increased its new business at GRENKE Group Leasing to EUR 939.5 million compared to EUR 776.8 million in the previous year. This is equivalent to a growth rate of 20.9%. Based on this solid development in the first half-year and the equally positive outlook for the business performance in the further course of the year, the Board of Directors now expects the Leasing segment's new business in 2017 to grow in a range of 16 - 21% (previous range: 11 - 16%).

The full report with the results of the second quarter and first half-year of 2017 will be published as scheduled on July 28, 2017.

End of the ad hoc announcement.

For further information, please contact:

GRENKE AG Corporate Communications / Investor Relations Renate Hauss Neuer Markt 2 76532 Baden-Baden Phone: +49 7221 5007-204 Email: investor@grenke.de Internet: http://www.grenke.de

04-Jul-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

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 Indices: SDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange   End of Announcement DGAP News Service

589297  04-Jul-2017 CET/CEST

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