Brief: Grenke Confirms 2024 Forecast

Grenke AG

08/08/2024 06:12

Aug 8 (Reuters) - GRENKE AG  GLJn.DE :
    * INCREASES GROUP EARNINGS AND IMPROVES COST-INCOME RATIO IN
THE
FIRST HALF OF 2024
    * 2024 FORECAST RECONFIRMED
    * GROUP EARNINGS GROW BY 11.3% IN FIRST HALF-YEAR TO EUR
45.0
MILLION (Q1-Q2 2023: EUR 40.4 MILLION)
    * H1 COST-INCOME RATIO IMPROVES TO 57.1% (Q1-Q2 2023: 58.3%)
    * Q2 INTEREST INCOME INCREASED BY EUR 26.7 MILLION (+23.5%)
TO EUR
140.3 MILLION (Q2 2023: EUR 113.6 MILLION)
    * Q2 HE OPERATING RESULT GREW 17.0% TO EUR 33.4 MILLION (Q2
2023:
EUR 28.6 MILLION)
    * Q2 GROUP EARNINGS INCREASED 2.6% TO EUR 25.2 MILLION (Q2
2023:
EUR 24.5 MILLION)

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