Germany's Grenke Q1 earnings rise 52% on higher operating income

Grenke AG

13/05/2026 06:10

Overview

Germany small-ticket leasing firm's Q1 group earnings rose 52% yr/yr on higher operating income

Leasing new business grew 4.2%, led by gains in Germany, France and Italy

Loss rate remained elevated at 1.9% amid challenging macroeconomic environment

Outlook

Grenke maintains 2026 Group earnings guidance of EUR 74 mln to EUR 86 mln

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

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

Result Drivers

OPERATING INCOME GROWTH - Higher income from operating business, including increased net interest income and profit from new and service business, supported earnings

COST DISCIPLINE - Modest increase in operating costs improved cost-income ratio, reflecting better operating efficiency, per CFO Dr Martin Paal

LEASING NEW BUSINESS - Growth in leasing new business, especially in Germany, France and Italy, contributed to overall performance

Company press release: ID:nEQ7vG81da

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Interest Income
EUR 106.7 mln
Q1 Operating Income
EUR 21.4 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 €20.00, about 62.9% above its May 12 closing price of €12.28

The stock recently traded at 7 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.)