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    GLJ   DE000A161N30

GRENKE AG

(GLJ)
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Presentation Conference Call Q3 2021

11/10/2021 | 06:57am EST

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.

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.


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Financials
Sales 2021 556 M 629 M 629 M
Net income 2021 91,3 M 103 M 103 M
Net Debt 2021 5 291 M 5 990 M 5 990 M
P/E ratio 2021 15,4x
Yield 2021 1,56%
Capitalization 1 357 M 1 539 M 1 536 M
EV / Sales 2021 12,0x
EV / Sales 2022 13,0x
Nbr of Employees 1 900
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Technical analysis trends GRENKE AG
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Mean consensus OUTPERFORM
Number of Analysts 6
Last Close Price 29,19 €
Average target price 41,33 €
Spread / Average Target 41,6%
EPS Revisions
Managers and Directors
Michael BŘcker Chairman-Management Board
Sebastian Hirsch CFO & Vice Chairman-Management Board
Ernst-Moritz Lipp Member-Supervisory Board
Ljiljana Mitic Member-Supervisory Board
Jens R÷nnberg Vice Chairman-Supervisory Board