GRENKE AG: GRENKE AG: New leasing business in the third quarter adversely affected by supply bottlenecks; guidance for 2021 adjusted
GRENKE AG: New leasing business in the third quarter adversely affected by supply bottlenecks; guidance for 2021 adjusted
Baden-Baden, October 4, 2021: GRENKE AG, a global financing partner for small and medium-sized enterprises, achieved new leasing business of EUR 372.2 million in the third quarter of 2021 (Q3 2020: EUR 517.6 million). Global supply bottlenecks, specifically at manufacturers of computer and office equipment, were the cause of the weaker year-on-year new leasing business. The contribution margin 2 declined slightly in the third quarter due to refinancing costs and amounted to 17.1% (Q3 2020: 18.4%). New business volume is the total acquisition cost of all newly purchased leased assets.
As a result of the current developments, the Company has adjusted its guidance for new leasing business in the current financial year to EUR 1.5 billion to EUR 1.7 billion (previously EUR 1.7 billion to EUR 2.0 billion). The forecast for net profit in the current financial year remains unchanged at EUR 60 million to EUR 80 million.
For further information, please contact:
GRENKE AG Anke Linnartz Director Investor Relations Neuer Markt 2 76532 Baden-Baden Phone: +49 7221 5007-204 Email: email@example.com Website: www.grenke.de
Press contact Stefan Wichmann Executive Communications Consulting Neuer Markt 2 76532 Baden-Baden Email: firstname.lastname@example.org Mobile: +49 (0) 171 20 20 300
04-Oct-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: 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: email@example.com 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: 1238173 ? End of Announcement DGAP News Service