The GRENKE AG Board of Directors expected the strong growth in leasing new business to continue and stable payment behaviour on the part of customers for the remainder of the year. The Board of Directors confirms the guidance from March 17, 2022 and continues to expect leasing new business in the range of EUR 2.0 billion and EUR 2.2 billion in the 2022 financial year. Due to the solid profitability of the existing contract portfolio, the Board of Directors continues to expect net profit for the year in the range of EUR 75 million to EUR 85 million.

The Board of Directors continues to expect leasing new business to reach EUR 3.4 billion and net profit to equal EUR 140 million by 2024. This would amount to double the level of leasing new business and net profit generated in the 2021 financial year. Leasing new business in 2021 was EUR 1.7 billion and net profit (excluding the gain on the sale of the viafintech investment) was EUR 72.2 million.