EQS-News: grenke on track with EUR 1.6 billion in new business in the first half of 2025

• Leasing new business grew in the second quarter by 9.8% year-on-year to
  EUR 867.4 million (Q2 2024: EUR 790.3 million)
• Contribution margin 2 (CM2) rose by 13.5% to EUR 148.6 million (Q2 2024: EUR 130.9 million)
• At 17.1%, CM2 margin above prior year level (Q2 2024: 16.6%)

Baden-Baden, July 3, 2025: grenke AG, a global financing partner for small and medium-sized enterprises, increased its leasing new business in the second quarter of 2025 by 9.8% year-on-year to EUR 867.4 million (Q2 2024: EUR 790.3 million). Contribution margin 2 (CM2), an indicator of profitability, rose significantly year-on-year by 13.5% to EUR 148.6 million (Q2 2024: EUR 130.9 million). As a result, the CM2 margin of 17.1% (Q2 2024: 16.6%) exceeded the target of over 16.5% set for the 2025 financial year.

Dr Sebastian Hirsch, CEO of grenke AG: “The first half of the year reconfirms the strategic strength of our high degree of diversification – not only in terms of our object portfolio but also our geographic footprint. While smaller countries were the main growth drivers last year, it is now especially our two largest markets, Germany and France, that are the main pillars of our strong new business.”

Dr Martin Paal, CFO of grenke AG: “With leasing new business of EUR 1.6 billion in the first half year, we are fully on track. The high profitability of our new business, reflected in a CM2 margin of over 17%, sets the foundation for our future earnings. We are thereby driving a steady increase in our net asset value.”

Growth across the entire portfolio
In the second quarter, the largest category of lease objects, measured by the number of concluded contracts, was the IT equipment category at 26.3%, which primarily includes laptops, IT equipment, and software. The share of the total leasing new business stemming from the direct sales channel in the second quarter increased year-on-year to 17.4% (Q2 2024: 17.1%). This was due to the strong volume of new business in the DACH region, which typically records a higher share of direct business. The number of lease applications continued to grow to around 176,000 (Q2 2024: around 167,000), resulting in approximately 88,000 new leasing contracts (Q2 2024: around 87,000). The conversion ratio thereby remained largely stable at 50.2% (Q2 2024: 51.9%). The average ticket size was EUR 9,845, which is in line with the customary business level of around EUR 10,000 (Q2 2024: EUR 9,125).

Germany and France are strongest growth drivers by volume
With growth of 10.8% to EUR 218.6 million (Q2 2024: EUR 197.3 million) and a 25.2% share of leasing new business in the second quarter of 2025, the Southern Europe region was the strongest region. Within this region, Italy accounted for the largest share of total leasing new business at 14.4%. With an increase of 9.3% to EUR 215.6 million, Western Europe (without DACH) ranked second in terms of volume (Q2 2024: EUR 197.2 million). France was the strongest country in this region, accounting for 19.0% of total leasing new business. The DACH region ranked third with an increase of 14.6% and leasing new business volume of EUR 209.4 million (Q2 2024: EUR 182.7 million). Germany was the largest market in the second quarter, with a 19.5% share of the total new business volume.

The Northern/Eastern Europe region reached a volume of EUR 162.8 million, with a year-on-year change of -1.1% (Q2 2024: EUR 164.6 million). Other Regions recorded growth of 25.6% to
EUR 61.0 million (Q2 2024: EUR 48.5 million). Other Regions includes the growth markets USA,
Canada, and Australia.

grenke Bank increases deposit business 
The deposit business as of June 30, 2025 totaled EUR 2,364.1 million, representing a 6.0% increase since the turn of the year (as of December 31, 2024: EUR 2,230.6 million).
grenke Bank’s lending new business, which largely consists of microcredit business, amounted to EUR 10.4 million in the reporting period (Q2 2024: EUR 9.0 million).

The sold factoring business recorded new business volume of EUR 208.3 million in the second quarter of 2025 (Q2 2024: EUR 228.7 million).

An interview with the Board of Directors, with further insights into the new business figures for the second quarter of 2025, is available here.

This and other news can be found on our Investor Relations LinkedIn channel.

The Half-year Financial Report 2025 will be published on August 14, 2025.

New business development at a glance (in EUR million)

	Q2 2025	Q2 2024	∆ in %	Q1-Q2 2025	Q1-Q2 2024	∆ in %
Leasing new business	867.4	790.3	9.8	1,622.0	1,460.1	11.1
DACH	209.4	182.7	14.6	376.6	321.3	17.2
Western Europe without DACH	215.6	197.2	9.3	416.4	384.6	8.3
Southern Europe	218.6	197.3	10.8	409.4	364.7	12.3
Northern/Eastern Europe	162.8	164.6	-1.1	307.8	299.5	2.8
Other Regions	61.0	48.5	25.6	111.8	90.0	24.2
Contribution margin 2 (CM2) for leasing new business
	148.6	130.9	13.5	280.7	243.6	15.2
DACH	29.7	24.0	23.8	53.9	42.8	26.1
Western Europe without DACH	38.7	34.2	13.0	75.3	67.3	11.9
Southern Europe	38.1	32.8	16.0	72.3	60.2	20.1
Northern/Eastern Europe	29.6	29.2	1.2	56.1	53.7	4.5
Other Regions	12.6	10.7	17.5	23.1	19.7	17.2
CM2 margin (in %)	17.1	16.6	0.5 pp	17.3	16.7	0.6 pp
Factoring new business1	208.3	228.7	-8.9	402.9	441.6	-8.8
Lending new business2	10.4	9.0	15.3	21.6	17.7	22.0

Leasing regions: DACH: Austria, Germany, Switzerland
Western Europe without DACH: Belgium, France, Luxembourg, Netherlands
Southern Europe: Croatia, Italy, Malta, Portugal, Slovenia, Spain
Northern/Eastern Europe: Denmark, Finland, Great Britain, Ireland, Latvia, Norway, Sweden | Czech Republic, Hungary, Poland, Romania, Slovakia
Other Regions: Australia, Brazil, Canada, Chile, UAE, USA
 

¹ On January 31, 2024, grenke announced its intention to sell the factoring companies. At the beginning of April 2025, an agreement was reached with a buyer ("signing"). Individual local factoring companies will be transferred to the buyer in stages ("closing").

²The lending business is offered through grenke Bank AG.

About grenke
grenke is a global financing partner for small and medium-sized enterprises, offering flexible, fast, and convenient small-ticket leasing and banking services. Through its offers, grenke provides customers financial leeway so they can focus on their own business. Founded in 1978 in Baden-Baden, the Group operates in more than 30 countries and employs approximately 2,300 staff (measured in full-time equivalents) worldwide. grenke is a global leader in small-ticket leasing. grenke shares are listed on the Frankfurt Stock Exchange (ISIN DE000A161N30).