Grenke AG Sees Profitable Growth in Q1 2025

In Q1 2025, Grenke AG reported a 10.6% increase in leasing new business, reaching EUR 740.6 million compared to EUR 669.8 million in Q1 2024. The contribution margin 2 (CM2), an indicator of profitability, rose by 15.6% to EUR 130.3 million. The CM2 margin improved to 17.6% from 16.8% the previous year, aligning with annual targets.

The company also agreed to sell its factoring business to Teylor AG, marking a strategic shift to focus on international small-ticket leasing. The transfer process for subsidiaries begins soon and ends by mid-2026. The leasing new business saw notable growth across regions, with Western Europe leading at EUR 200.9 million and a significant 20.6% rise in the DACH region.

Grenke's deposit business increased by 6.6% to EUR 2,377.7 million, and lending new business, primarily microcredit, reached EUR 11.3 million. The company expects no significant impacts on its 2025 income statement due to the factoring business sale.