Grenke rises on FY business numbers above expecations

Grenke AG

04/01/2023 09:14

** Shares in Grenke  GLJn.DE  rise 2.6% after the German
leasing company reported business numbers above expectations  
    ** The company reports a 38.7% rise to 2.3 billion euros
($2.4 billion) in FY new leasing business
    ** Pareto Securities says the new business volume is at the
upper end of the company's target range of between 2.1-2.3
billion euros and and above the broker's forecast of 2.1 billion
euros
    ** "The company has shown in 2022 that it is back to growth
mode which is very good news, in our view," it adds
    ($1 = 0.9462 euros)
($1 = 0.9416 euros)
 (Reporting by Ozan Ergenay)
 ((ozan.ergenay@thomsonreuters.com))