Brief: Grenke Q1 New Leasing Business At EUR 669.8 Mln

Grenke AG

04/04/2024 06:03

April 4 (Reuters) - GRENKE AG  GLJn.DE :
    * STARTS YEAR WITH A STRONG CONTRIBUTION MARGIN 2 IN Q1 2024
    * NEW LEASING BUSINESS INCREASES 9.8% TO EUR 669.8 MILLION
(Q1
2023: EUR 610.2 MILLION)
    * CONTRIBUTION MARGIN 2 (CM2) EXPANDS 10.4% TO EUR 112.7
MILLION
(Q1 2023: EUR 102.0 MILLION)
    * CM2 MARGIN REACHES 16.8% (Q1 2023: 16.7%)
    * WESTERN EUROPE (WITHOUT DACH) WAS STRONGEST REGION, WITH
GROWTH
OF 15.8% TO EUR 187.4 MILLION
    * GRENKE RECEIVED AROUND 160K LEASE APPLICATIONS (Q1 2023:
AROUND
152K)

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