Brief: Grenke New Leasing Business In Line With Plan In Q1, Up 22.2% Year-On-Year

Grenke AG

05/04/2023 06:05

April 5 (Reuters) - GRENKE AG  GLJn.DE :
    * GENERATES HIGHLY PROFITABLE NEW BUSINESS IN THE FIRST
QUARTER
DESPITE VOLATILE INTEREST RATE ENVIRONMENT
    * NEW LEASING BUSINESS IN LINE WITH PLAN IN Q1 2023 WITH
22.2%
YEAR-ON-YEAR GROWTH TO EUR 610.2 MILLION (Q1 2022: EUR 499.2
MILLION)
    * CONTRIBUTION MARGIN 2 (CM2) INCREASES 22.6% TO EUR 102.0
MILLION
(Q1 2022: EUR 83.2 MILLION); CM2 MARGIN OF 16.7% HAS ALREADY
RETURNED TO EARLY 2022 LEVEL (Q1 2022: 16.7%)

Source text for Eikon:  ID:nEQ7qx5Hqa 
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