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GRENKE Insights / News

News

What’s new at GRENKE? We’ll keep you up to date. You can find all new developments, press releases, financial news and announcements here.

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Are you looking for older notifications? Then take a look in our archive. It contains all news and announcements for past years.

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05

Jan 2021

GRENKE Group

GRENKE generates new leasing business in the 2020 financial year equal to 71.2% of the previous year's level

  • GRENKE Group Leasing's new business in the 2020 financial year amounts to EUR 2,027.9 million, equal to 71.2% of the level in the 2019 financial year
  • GRENKE Group Leasing's new leasing business in Q4 2020 reaches EUR 426.7 million, equal to 56.3% of the level in Q4 2019

23

Dec 2020

GRENKE Group

GRENKE AG strengthens Board of Directors with a Chief Risk Officer (CRO)

Baden-Baden, December 23, 2020: GRENKE AG, global financing partner for small and medium-sized enterprises, is strengthening its Board of Directors by adding the position of Chief Risk Officer (CRO...

16

Dec 2020

GRENKE Group

GRENKE reports on the expert opinion issued by Warth & Klein Grant Thornton and provides an update on the current status of knowledge of GRENKE AG from the special audit by KPMG

Baden-Baden, December 16, 2020: GRENKE AG reports on the expert opinion of the auditing firm Warth & Klein Grant Thornton (WKGT) and takes this opportunity to provide information on its current sta...

11

Dec 2020

GRENKE Group

S&P affirms GRENKE AG ratings BBB+/A-2 and removes from CreditWatch negative

Baden-Baden, December 11, 2020: GRENKE AG, a global financing partner for small and medium-sized enterprises, reports on Standard & Poor's yesterday´s rating action. S&P Global Ratings affirmed its...

29

Oct 2020

GRENKE Group

Q3 2020: GRENKE increases net interest income year-on-year despite the corona pandemic

  • Net interest income increases 2.5% to EUR 96.0 million (Q3 2019: EUR 93.6 million)
  • Settlement of claims and risk provision amounts to EUR 48.8 million (Q3 2019: EUR 32.2 million) as a result of the corona pandemic and IFRS 9 provisions

29

Oct 2020

GRENKE Group

GRENKE AG reinforces Board of Directors and integrates franchise system

  • Franchise companies to be integrated into the Consolidated Group in the upcoming 12 to 18 months
  • Board of Directors to be expanded to include a Chief Risk Officer (CRO) responsible for the areas of risk control, legal and compliance

20

Oct 2020

GRENKE Group

GRENKE provides an update on the status of Company-commissioned audits

  • Franchise acquisitions audited so far can be deemed as positive
  • Spot checks and proof of incoming lessee payments are used to validate lease contract portfolio 

05

Oct 2020

GRENKE Group

Current status: Proof of GRENKE Consolidated Group cash and cash equivalents

Baden-Baden, October 5, 2020: GRENKE AG, a global financing partner for small and medium-sized enterprises, announced today that the auditing company KPMG AG has submitted the status on the cash an...

02

Oct 2020

GRENKE Group

GRENKE strengthens new leasing business in Q3 2020 with stronger focus on profitability

  • New business at GRENKE Group Leasing totals EUR 517.6 million (-24.6% compared to Q3 2019), and at 75% of the previous year's level, new business slightly exceeds the Company’s own forecast 
  • Contribution margin 2 increases to 18.4% compared to 17.1% in Q3 2019

01

Oct 2020

GRENKE Group

Jens Rönnberg to become interim Deputy Chairman of the Supervisory Board of GRENKE AG

Baden-Baden, October 1, 2020: The Supervisory Board of GRENKE AG has elected Jens Rönnberg as interim Deputy Chairman of the Supervisory Board. Jens Rönnberg is a tax con-sultant and auditor and ha...
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