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    GLJ   DE000A161N30

GRENKE AG

(GLJ)
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Grenke : Prńsentation zur Telefonkonferenz Q2 2021

08/04/2021 | 05:06am EDT

Q2 2021 RESULTS

AUGUST 4, 2021

Opening Remarks

Michael Bücker

CEO

Leasing - Banking - Factoring | Investor Relations // © GRENKE // 2

Financials

Dr. Sebastian Hirsch

CFO

Leasing - Banking - Factoring | Investor Relations // © GRENKE // 3

Q2 2021: Highlights

CONTINUED FOCUS ON HIGH-MARGIN BUSINESS

Group new business of EUR 580m (-3.0% vs EUR 598m in Q2 2020)

Q2 net profit at EUR 18.3m

(+35.1% vs Q2 20201)

Enforcement procedure concluded - no further adjustments required

Leasing CM2 margin increased to 18.1% (+0.6pp vs Q2 2020) through continued focus on profitable small-ticket business

Stable equity ratio of 17.8% as of June 30, 2021 (vs 16.3% as of December 31, 2020)

Net profit guidance for 2021 raised to EUR 60 - 80m (from EUR 50 - 70m)

1) Figures have been adjusted in accordance with IAS 8.42 (including the consolidation of the franchise companies).

Leasing - Banking - Factoring | Investor Relations // © GRENKE // 4

Q2 2021: Group New Business Development

NEW BUSINESS VOLUME ALMOST AT PRIOR-YEAR LEVEL DESPITE DISCONTINUED SME LENDING BUSINESS

New Business Development GRENKE Group 2020 - 2021

EUR m

-3.0%

704

598

622

580

536

New Business Segment Distribution Q2 2021

1.1%

30.2%LEASING

IS OUR

CORE

BUSINESS 68.7%

Q2 2020

Q3 2020

Q4 2020

Q1 2021

Q2 2021

Leasing

Factoring

SME lending business

Leasing - Banking - Factoring | Investor Relations // © GRENKE // 5

Um den Rest dieser Noodl zu lesen, rufen Sie bitte die Originalversion auf, und zwar hier.

Disclaimer

Grenke AG published this content on 04 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 August 2021 09:05:07 UTC.


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Financials
Sales 2021 538 M 631 M 631 M
Net income 2021 68,2 M 79,9 M 79,9 M
Net Debt 2021 5 310 M 6 222 M 6 222 M
P/E ratio 2021 26,5x
Yield 2021 0,95%
Capitalization 1 732 M 2 028 M 2 030 M
EV / Sales 2021 13,1x
EV / Sales 2022 13,0x
Nbr of Employees 1 900
Free-Float 59,3%
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Technical analysis trends GRENKE AG
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
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Mean consensus BUY
Number of Analysts 6
Last Close Price 37,25 €
Average target price 46,83 €
Spread / Average Target 25,7%
EPS Revisions
Managers and Directors
Michael BŘcker Chairman-Management Board
Sebastian Hirsch Chief Financial Officer & Director
Ernst-Moritz Lipp Chairman-Supervisory Board
Ljiljana Mitic Member-Supervisory Board
Jens R÷nnberg Vice Chairman-Supervisory Board