31.01.2024 GRENKE AG  DE000A161N30



EQS-News: GRENKE AG / Key word(s): Strategic Company Decision/Disposal

31.01.2024 / 20:20 CET/CEST
The issuer is solely responsible for the content of this announcement.

GRENKE intends to sell factoring Companies

Concentration to be on growth and digitalisation in the leasing business

Baden-Baden, 31.01.2024: The Supervisory Board of GRENKE AG today approved the Board of Directors' decision to focus on the leasing business with small and medium-sized companies in the future and initiate the sale of all factoring companies. The synergies with the core leasing business that were anticipated at the time of entering the factoring business have not materialised. Furthermore, a detailed analysis has shown that the existing factoring business could only be operated profitably in the long term with additional investments and a multi-fold increase in business volume (assets from the factoring business represented less than 2 percent of the consolidated statement of financial position in 2022). Instead of implementing a standalone factoring strategy separate from the leasing business, GRENKE intends to fully focus its resources and investments on advancing digitalisation and growth in the leasing business. GRENKE BANK AG's banking business will continue to play a key role in this context, particularly in terms of securing refinancing via deposits.

"This step will allow us to focus our energy on customers and digitalisation in the leasing business for small in-vestments," emphasises Dr Sebastian Hirsch, CEO of GRENKE AG, adding: "Factoring is fundamentally an attractive market. The expected synergy effects with our successful core business of leasing have not materialised. However, I am convinced there are strong opportunities for the factoring business given the appropriate attention and determination. This is why we are doing everything we can to support and facilitate a sale."

Investor contact
Investor Relations Team
Neuer Markt 2
76532 Baden-Baden
+49 7221 5007-204
[email protected]
Press contact
Stefan Wichmann
Neuer Markt 2
76532 Baden-Baden
+49 171 2020300
[email protected]
The GRENKE Group (GRENKE) is a global financing partner for small and medium-sized companies. As a one-stop shop for customers, GRENKE’s products range from flexible small-ticket leasing and demand-driven bank products to convenient factoring. Fast and easy processing and personal contact with customers and partners are at the centre of GRENKE’s activities.
Founded in 1978 in Baden-Baden, the Group operates in more than 30 countries and employs approximately 2,100 staff (measured in terms of full-time equivalents) worldwide. GRENKE shares are listed on the Frankfurt Stock Exchange (ISIN DE000A161N30).



31.01.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
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Language: English
Company: GRENKE AG
Neuer Markt 2
76532 Baden-Baden
Phone: +49 (0)7221 50 07-204
Fax: +49 (0)7221 50 07-4218
E-mail: [email protected]
Internet: www.grenke.de
ISIN: DE000A161N30
WKN: A161N3
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1827555

End of News EQS News Service

1827555  31.01.2024 CET/CEST


Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 2.418,55 2.936,64 3.512,49 2.675,70 2.358,74 3.083,36 3.419,82
EBITDA1,2 176,71 174,38 203,03 153,99 163,99 130,44 139,98
EBITDA-Marge3 7,31 5,94 5,78 5,76 6,95 4,23
EBIT1,4 161,35 157,16 170,00 125,12 132,51 97,98 112,91
EBIT-Marge5 6,67 5,35 4,84 4,68 5,62 3,18 3,30
Jahresüberschuss1 124,98 131,11 135,90 88,44 95,19 84,18 86,71
Netto-Marge6 5,17 4,46 3,87 3,31 4,04 2,73 2,54
Cashflow1,7 27,95 53,66 140,75 586,62 -72,04 -346,84 329,25
Ergebnis je Aktie8 2,74 2,78 2,95 1,86 1,94 1,75 1,79
Dividende8 0,70 0,80 0,80 0,26 0,51 0,45 0,58
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2023 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: BDO

WKN Kurs in € Einschätzung Börsenwert in Mio. €
A161N3 21,000 - 976,41
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
8,75 21,39 0,41 9,49
0,85 2,97 0,29 6,98
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
0,45 0,47 2,24 30.04.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
15.05.2024 08.08.2024 14.11.2024 07.03.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-3,92% -6,35% -16,17% -21,64%
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Finanzdienstleistungen , A161N3 , GLJ , XETR:GLJ