Grenke seen up after 'solid' FY
08/01/2025 07:58
** Shares of German leasing company Grenke are seen up 6-7%
following expectations-meeting FY results
** Grenke reports FY contribution margin 2 (CM2) at 17.0%,
slightly above targets, with leasing new business increasing
18.4% y/y to about EUR 3.1 billion ($3.2 billion)
** "Positive is that margin in Q424 was 17.4%, exceeding our
expectations slightly," a local trader says
** "Q4 leasing new business vol +18% at E858.4m, factoring
new business solid," another trader says
($1 = 0.9668 euros)
(Reporting by Marleen Kaesebier)
((Marleen.kaesebier@thomsonreuters.com))