Germany's Grenke 2025 earnings rise 2.3%, dividend up 5%

Grenke AG

12/03/2026 06:07

Overview

Germany small-ticket leasing firm's 2025 group earnings rose 2.3%, meeting guidance

Earnings per share for 2025 declined 10.4% yr/yr

Company proposed a 5% dividend increase for 2025

Outlook

Grenke expects 2026 group earnings of EUR 74 mln to EUR 86 mln

Company forecasts 2026 leasing new business volume of EUR 3.4 bln to EUR 3.6 bln

Grenke targets return on equity after tax of 10% by 2030

Result Drivers

OPERATING INCOME GROWTH - Income from operating business rose 14.7%, driven by higher net interest income and growth in the leasing portfolio

COST DISCIPLINE - Operating costs increased by only 6.9%, leading to a sharply improved cost-income ratio

ELEVATED LOSS RATE - Persistently high defaults and insolvencies kept the loss rate elevated at 1.7%

Company press release: ID:nEQ7PzHMFa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Net Interest Income
EUR 405.10 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the corporate financial services peer group is "buy"

Wall Street's median 12-month price target for Grenke AG is €21.00, about 50.2% above its March 11 closing price of €13.98

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)