Brief: Grenke Reports Q3 Net Profit Of EUR 20.3 Million

Grenke AG

10/11/2022 06:07

Nov 10 (Reuters) - Grenke Ag  GLJn.DE :
    * EQS-NEWS: GRENKE ON THE FINAL STRAIGHT FOR 2022 AFTER
THREE
STRONG QUARTERS
    * LOSS RATE IN Q3 DROPS TO 1.4% (Q3 2021: 1.7%)
    * Q3 NET PROFIT AT EUR 20.3 MILLION
    * BOARD REAFFIRMS ITS FORECAST FOR NEW LEASING BUSINESS IN
2022,
WHICH WAS RAISED ON OCT 4, 2022 TO A VOLUME OF EUR 2.1 BILLION
TO EUR 2.3 BILLION
    * BOARD OF DIRECTORS CONTINUES TO EXPECT A CONSOLIDATED
GROUP NET
PROFIT IN RANGE OF EUR 75 MILLION TO EUR 85 MILLION IN 2022
    * FOR 2024, BOARD OF DIRECTORS CONTINUES TO EXPECT NEW
LEASING
BUSINESS OF EUR 3.4 BILLION AND NET PROFIT OF EUR 140 MILLION
    * LEASING PORTFOLIO IN Q3 INCREASED BY 2% TO EUR 5.2 BILLION
    * FY2022 EARNINGS PER SHARE VIEW EUR 1.63, REVENUE VIEW EUR
547.1
MILLION -- REFINITIV IBES DATA

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