Grenke stock weighs rising earnings against elevated credit risk

Published on 10/04/2026 at 16:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Grenke stock was last at EUR 10.46 on October 2, 2026, while H1 group earnings rose to EUR 32.6 million. Credit costs remained a key risk.

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Grenke stock (ISIN DE000A161N30) was last at EUR 10.46 on Xetra on October 2, 2026 at 5:35 p.m. CEST, down 0.76 percent from EUR 10.54. In its H1 2026 earnings call, Yahoo Finance reported group earnings of EUR 32.6 million, up from EUR 26.2 million in the first half of 2025.

Earnings improve while risk stays high

The H1 figures show a widening split in Grenke's performance. Leasing new business rose 1.4 percent to EUR 1.6 billion in the first half of 2026, while operating income increased 11 percent to EUR 353 million, according to Yahoo Finance.

Efficiency also improved. The cost-income ratio fell from 56.4 percent in the first half of 2025 to 51.6 percent in H1 2026, while the operating result before settlement of claims and risk provisions rose 23 percent to EUR 171 million, the earnings-call transcript said.

Credit costs remain the counterweight

Credit quality remains the central counterweight to that operating progress. Grenke reported a 2.0 percent loss rate in H1 2026, compared with a long-term average of 1.5 percent, and management expects the full-year rate to remain below 2 percent, according to Yahoo Finance.

The company confirmed 2026 group earnings guidance of EUR 74 million to EUR 86 million. New business is expected at the lower end of a EUR 3.4 billion to EUR 3.6 billion range, making credit losses and volume development the two figures that will shape the next update.

Analyst target remains above the market

Berenberg maintained its Buy rating and EUR 23.00 price target on September 25, 2026, according to FinanzNachrichten. Against the Xetra price of EUR 10.46 on October 2, 2026, that target is EUR 12.54 higher, a 119.9 percent premium.

The next scheduled company checkpoint is November 12, 2026, when grenke's investor-relations calendar lists the Q3 and first nine months 2026 statement, according to grenke. That release should show whether the improved cost base is offsetting the elevated loss rate.

Grenke stock sits near its yearly low

Grenke stock was last at EUR 10.46 on Xetra on October 2, 2026 at 5:35 p.m. CEST. The price stood EUR 0.04 above its 52-week low of EUR 10.42 and EUR 6.62 below its 52-week high of EUR 17.08.