DGAP-News: GRENKE AG / Key word(s): Miscellaneous 
GRENKE AG: GRENKE: Receives unqualified audit opinion for the annual and consolidated financial state-ments as of 
December 31, 2020; plans dividend per share of 26 cents 
2021-05-17 / 18:06 
The issuer is solely responsible for the content of this announcement. 
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GRENKE: Receives unqualified audit opinion for the annual and consolidated financial statements as of December 31, 
2020; plans dividend per share of 26 cents 
CEO Antje Leminsky: "We have delivered - thereby regaining trust." 
CFO Sebastian Hirsch: "We are conserving our healthy equity base." 
Baden-Baden, May 17, 2021: GRENKE AG announces that the auditing firm KPMG has today issued an unqualified audit 
opinion for the annual and consolidated financial statements as of December 31, 2020. The Company will publish the 2020 
Annual Report on May 21, 2021, as announced. 
"We have delivered. With the unqualified audit opinion, we are regaining trust," says Antje Leminsky, Chair of the 
Board of Directors of GRENKE AG. "Investors, customers and employees can rely on GRENKE." 
In comparison to the preliminary figures already published, there were changes that have led to an increase in the 
Group net profit for 2020 of EUR 8.5 million, bringing the total to EUR 88.4 million. This change resulted from a 
correction in the risk provision for the prior year (2019), which was already communicated as an option in the press 
release dated April 30, 2021. This increase was reduced by the recognition of further provisions for the costs of the 
audit of the annual financial statements. 
As reported in the press release dated April 30, 2021, the equity ratio on the balance sheet as of December 31, 2020 
amounts to 16.3 percent. 
The Board of Directors plans to propose a dividend of 26 cents per share for the 2020 financial year (2019: 80 cents 
per share) to the Annual General Meeting. This dividend amount corresponds to a payout ratio of approximately 14 
percent of the Group net profit, which is lower than the range of the previous payout policy, which in recent years has 
ranged between 25 and 30 percent of Group net profit. 
"We are also making it possible to distribute a dividend for the 2020 financial year by submitting an appropriate 
dividend proposal. We have taken into account both the special situation in 2020 as well as a healthy capital base for 
our long-term growth," commented Chief Financial Officer Sebastian Hirsch on the dividend proposal, adding: "I am 
convinced that in the near term we will be able to return to our previous payout level." 
For further information, please contact: 
GRENKE AG                   Press contact 
Anke Linnartz               Stefan Wichmann 
Director Investor Relations Executive Communications Consulting 
Neuer Markt 2               Neuer Markt 2 
76532 Baden-Baden           76532 Baden-Baden 
Phone: +49 7221 5007-204    Email: presse@grenke.de 
Email: investor@grenke.de   Mobile: +49 (0) 171 20 20 300 
Website: www.grenke.de

About GRENKE

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 Consolidated Group operates in 33 countries and employs more than 1,800 staff (full-time equivalent) worldwide. GRENKE shares are listed on the Frankfurt Stock Exchange (ISIN DE000A161N30). -----------------------------------------------------------------------------------------------------------------------

2021-05-17 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de ----------------------------------------------------------------------------------------------------------------------- 


Language:     English 
Company:      GRENKE AG 
              Neuer Markt 2 
              76532 Baden-Baden 
              Germany 
Phone:        +49 (0)7221 50 07-204 
Fax:          +49 (0)7221 50 07-4218 
E-mail:       investor@grenke.de 
Internet:     www.grenke.de 
ISIN:         DE000A161N30 
WKN:          A161N3 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 
              Hamburg, Munich, Stuttgart, Tradegate Exchange 
EQS News ID:  1197454 
 
End of News   DGAP News Service 
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1197454 2021-05-17


 
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(END) Dow Jones Newswires

May 17, 2021 12:07 ET (16:07 GMT)