Brief: Grenke Continues To Grow In Q3 2023

Grenke AG

05/10/2023 06:08

Oct 5 (Reuters) - GRENKE AG  GLJn.DE :
    * CONTINUES TO GROW IN THE THIRD QUARTER OF 2023
    * IN Q3 2023, NEW LEASING BUSINESS INCREASED BY 4.5% TO EUR
591.1
MILLION
    * CONTRIBUTION MARGIN 2 ACHIEVED GROWTH OF 5.1% TO EUR 97.4
MILLION IN Q3 2023 (Q3 2022: EUR 92.7 MILLION)
    * IN A MARKET ENVIRONMENT CHARACTERISED BY FURTHER RISES IN
INTEREST RATES, GRENKE WAS ABLE TO ACHIEVE AN INCREASE IN CM2
MARGIN TO 16.5% (Q3 2022: 16.4%)
    * NEW LEASING BUSINESS GROWTH OF 12.1% TO EUR 1,851.6
MILLION IN
FIRST NINE MONTHS OF THIS YEAR (Q1-Q3 2022: EUR 1,652.2 MILLION)

Source text for Eikon:  ID:nEQ7231Mva 
Further company coverage:  GLJn.DE 

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