Group earnings in Q1 sharply lower year-on-year, as expected; full-year forecast unchanged

Baden-Baden, April 29, 2025: In the first quarter of 2025, as forecast, grenke AG continued to experience elevated expenses for settlement of claims and risk provision. According to the preliminary figures, Group earnings after taxes for the first quarter of 2025 therefore amounted to EUR 10.2 million and was sharply lower than the prior-year figure (Q1 2024: EUR 19.8 million), as expected. The forecast for the 2025 financial year remains unchanged.

The operating result before settlement of claims and risk provision rose 20% from EUR 55.7 million to EUR 67.0 million. At the same time, the cost-income ratio (CIR) improved to 56.8% (Q1 2024: 58.1%). Expenses for settlement of claims and risk provision increased sharply to EUR 47.6 million (Q1 2024: EUR 26.7 million) and were still within the range of the Company’s expectations.

As previously announced on March 13, 2025, the Board of Directors expects the higher expenses for the settlement of claims and risk provision to weigh on Group earnings in the first half of 2025 compared to the prior year. As a result of the high-margin new business in the first quarter of 2025 and the solid development in operating income, the guidance for the full year remains unchanged.

The quarterly statement for the first quarter of 2025, including the final figures, will be published on May 15, 2025.
 

About grenke

grenke is a global financing partner for small and medium-sized enterprises, offering flexible, fast, and convenient small-ticket leasing and banking services. Through its offers, grenke provides customers financial leeway so they can focus on their own business. Founded in 1978 in Baden-Baden, the Group operates in more than 30 countries and employs approximately 2,200 staff (measured in terms of full-time equivalents) worldwide. grenke is a global leader in small-ticket leasing. grenke shares are listed on the Frankfurt Stock Exchange (ISIN DE000A161N30).

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