Q3 2021 EARNINGS CALL
NOVEMBER 10, 2021
Executive Summary
Michael Bücker
CEO
Leasing - Banking - Factoring | Investor Relations // © GRENKE // 2
My first 100 days
STRONG FOUNDATION AND GROWTH POTENTIAL
Status Quo
Robust business model with great potential
Strong team, able to utilize opportunities arising from good customer and reseller portfolio
Implementation of "Taking Action" measures on track, will be largely completed by late 2021
Next Steps
Aligning GRENKE with future opportunities
Refine business model
Define growth areas
Further improve organisational structure and increase digitalisation
Further details at Capital Markets Day in H1 2022
Leasing - Banking - Factoring | Investor Relations // © GRENKE // 3
Financials
Dr. Sebastian Hirsch
CFO
Leasing - Banking - Factoring | Investor Relations // © GRENKE // 4
Q3 2021: Highlights
NET PROFIT GUIDANCE FOR 2021 RAISED TO EUR 90 - 100M (PREVIOUSLY EUR 60 - 80M)
ALSO REFLECTS EXTRAORDINARY INCOME FROM VIAFINTECH SALE
Group new business of EUR 552m (-21.7% vs EUR 704m in Q3 20201)
Q3 net profit at EUR 20.1m (-24.0% vs EUR 26.5m in Q3 20201)
Leasing CM2 margin slightly declined to 17.1% (-1.3pp vs 18.4 % in Q3 20201) due to increased refinancing costs
Stable equity ratio of 18.1% as of September 30, 2021
1) Figures have been adjusted in accordance with IAS 8.42 (including the consolidation of the franchise companies). | Leasing - Banking - Factoring | Investor Relations // © GRENKE // 5 |
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original document
- Permalink
Disclaimer
Grenke AG published this content on 10 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 November 2021 11:56:08 UTC.