Higher new leasing drives Grenke pre-market
05/04/2022 07:41
** Shares in Grenke GLJn.DE are seen rising 7.8% in early
Frankfurt trade after the German leasing company reported a
36.5% rise in Q1 new leasing business
** New leasing business grew to 499.2 million euros ($547.47
million) in the first three months of 2022, besting the Q1
figure for the previous year at 365.8 million urn:newsml:reuters.com:*:nASM0006II
** "This puts us fully in line with our 2022 guidance," says
Grenke's CFO Sebastian Hirsch urn:newsml:reuters.com:*:nL5N2W30KQ
** "36.5% new business growth looks good, but margin
decreased clearly, too," a local trader says, expecting a
neutral to slightly positive reaction
($1 = 0.9118 euros)
(Reporting by Alexander Kloss)
((alexander.kloss@thomsonreuters.com))