Grenke AGGLJ
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H1 profit surged 25% to EUR32.6M, confirming guidance and improved cost-income ratio.
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Financials
Grenke AGGrenke AG reported first-half 2026 group earnings of EUR32.6 million, up nearly 25% from EUR26.2 million a year earlier, while confirming full-year guidance of EUR74 million to EUR86 million. Operating income grew 11% to EUR353 million, driven by net interest income of EUR215 million and profit from new and service business of EUR138 million, and the cost-income ratio improved to 51.6% from 56.4%. Leasing new business rose 1.4% to EUR1.6 billion, with gains in the DACH region, Western Europe, Southern Europe, and other regions including the US, Canada, and Australia, but an 11% decline in Northern-Eastern Europe. The loss rate remained elevated at 2%, with settlement of claims and risk provisions rising to EUR119 million from EUR95 million, and management expects a loss rate of around 1.8% to 1.9% in the second half. Return on equity reached 4.6%, up 80 basis points year-over-year, while the CM2 margin stood at 15.9% for the first half.
Grenke AGH1 profit surged 25% to EUR32.6M, confirming guidance and improved cost-income ratio.