Grenke stock: Nine-month earnings rise 14.6 percent

Published on 11/15/2026 at 13:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Grenke stock gets a fresh earnings signal after group earnings rose in the first nine months. Risk costs stayed elevated.

Grenke earnings and outlook

Leasing new business increased 1.7 percent to EUR 2,443.8 million in the first nine months.
Grenke confirmed its 2026 group earnings forecast of EUR 74 million to EUR 86 million.
The loss rate remained elevated at 1.9 percent, despite stronger operating profitability.

Grenke, DE000A161N30, Illustration mit AI erstellt.

In a press release dated November 12, 2026, grenke said group earnings rose 14.6 percent to EUR 55.7 million in the first nine months of 2026, compared with EUR 48.6 million a year earlier. Return on equity after taxes increased to 5.2 percent from 4.7 percent.

The leasing specialist attributed the improvement primarily to higher operating income and broadly stable costs. Operating income increased 9.4 percent to EUR 533.0 million, while operating expenses were virtually unchanged at EUR 269.8 million. The cost-income ratio improved to 50.6 percent from 55.4 percent.

Leasing growth remains moderate

Leasing new business increased 1.7 percent to EUR 2,443.8 million in the first nine months. Germany was the strongest growth market, with new business up 8.2 percent to EUR 517.1 million. The contribution margin 2 declined to EUR 382.9 million from EUR 410.6 million, bringing the margin to 15.7 percent from 17.1 percent.

Risk remains a central factor for the earnings outlook. Settlement of claims and risk provisions rose to EUR 177.6 million from EUR 146.3 million, while the loss rate stood at 1.9 percent compared with 1.8 percent a year earlier. Grenke said the higher loss level was offset by stronger operating profitability.

Management keeps 2026 targets

Grenke confirmed its 2026 group earnings forecast of EUR 74 million to EUR 86 million. The company now expects leasing new business of around EUR 3.4 billion and said it continues to target a return on equity after taxes of 10 percent by 2030.

German equities trade within the DAX market environment.

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