Brief: Grenke FY EPS Of EUR 1.75

Grenke AG

16/03/2023 06:11

March 16 (Reuters) - GRENKE AG  GLJn.DE :
    * IN 2022 FINANCIAL YEAR, PAYMENTS RECEIVED FROM LEASE
CONTRACTS
AMOUNTED TO EUR 2.3 BILLION (2021: EUR 2.3 BILLION)
    * EARNING PER SHARE OF EUR 1.75
    * EXPECTS NEW LEASING BUSINESS IN RANGE OF EUR 2.6 BILLION
AND EUR
2.8 BILLION AND A SLIGHT YEAR-ON-YEAR INCREASE IN CM2 MARGIN
    * MEDIUM-TERM TARGET FOR CM2 MARGIN IS AROUND 17 PERCENT
    * LOSS RATE WAS 1.3% IN 2022
    * BOARD OF DIRECTORS IS GUIDING FOR NET PROFIT FOR 2023
FINANCIAL
YEAR, INCLUDING DIGITALISATION INVESTMENTS, OF BETWEEN EUR 80
MILLION AND EUR 90 MILLION BASED ON ASSUMPTION THAT LOSS RATE
WILL REMAIN BELOW 1.5 PERCENT
    * EXPECTS EQUITY RATIO ON BALANCE SHEET TO CONTINUE, AS IN
PREVIOUS YEARS, TO EXCEED 16 PERCENT
    * FOR 2024 FINANCIAL YEAR, BOARD OF DIRECTORS EXPECTS NEW
LEASING
BUSINESS OF EUR 3.4 BILLION AND GROUP EARNINGS OF AROUND EUR 120
MILLION
    * NEW BUSINESS GROWTH CONTRIBUTED TO A SLIGHT YEAR-ON-YEAR
INCREASE IN LEASE RECEIVABLES TO EUR 5.2 BILLION AT END OF 2022
    * LIQUIDITY POSITION AS OF DECEMBER 31, 2022 REPORTING DATE
TOTALLED EUR 448.8 MILLION

Source text for Eikon:  ID:nEQ9593TQa 
Further company coverage:  GLJn.DE 

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