Grenke shares sink after lacklustre 2025 outlook

Grenke AG

13/03/2025 08:57

** Shares in Grenke GLJn.DE fall around 17% after the German leasing company forecast 2025 net profit below consensus expectations

** Analysts say the FY 2025 targets for new business volume of EUR 3.2-3.4 billion ($3.5 billion-$3.7 billion) and group earnings of EUR 71-81 million are below expectations

** An analyst at ODDO BHF also points to a higher-than-expected loss rate guidance of around 1.6%

** The shares are on track for their worst day since October

($1 = 0.9195 euros)

 (Reporting by Bernadette Hogg)

 ((bernadette.hogg@thomsonreuters.com))