Grenke AG — Earnings Release 2005

Oct 5, 2005

News Details

Ad-hoc | 5 October 2005 08:26

GRENKELEASING AG: New business grows by 18.2 %

Ad hoc announcement §15 WpHG Earnings from new business GRENKELEASING AG: New business grows by 18.2 % Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. —————————————————————————— Baden-Baden, 5 October 2005: GRENKELEASING closed the first nine months of 2005 with earnings in new business – i.e. the total acquisition costs of newly purchased leased assets – of EUR 304 million (against last year’s comparable figure of EUR 257 million). Its new business thus rose by 18.2 %. The margin of new business (contribution margin 1) – a key profitability indicator of new business – improved to EUR 35 million in the first nine months of 2005 (against last year’s comparable figure of EUR 29 million), corresponding to an increase of 23 %. In Germany, the company’s new business grew by 9.6 % in the first nine months of the year. GRENKELEASING’s foreign subsidiaries accounted for 32 % of the group’s total new business. Its French subsidiary achieved growth of 33 %. Its Swiss business increased by 27 %. The company will publish its detailed nine months report for 2005 on October 27, 2005. The Executive Board Should you have any queries, please contact: Renate Hauss Tel.: 07221/5007-204 Fax: 07221/5007-112 E mail: investor@grenkeleasing.de Internet: http://www.grenkeleasing.de GRENKELEASING AG Neuer Markt 2 76532 Baden-Baden Deutschland ISIN: DE0005865901 (SDAX) WKN: 586590 Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart End of ad hoc announcement (c)DGAP 05.10.2005 Issuer’s information/explanatory remarks concerning this ad hoc announcement: “GRENKELEASING closed the first nine months of this year with clear double- digit growth rates. Growth in new business of 23 % in Q3 against last year’s comparable is confirmation that the trend towards leasing is continuing. The growth of our German business, at around 10 %, is particularly gratifying. The new business figures of the first nine months have strengthened our resolve to achieve the same growth this year as we had in 2004”, explains Dr. Uwe Hack, CFO. The group recorded 79,786 leasing enquiries in the first nine months of 2005, leading to the generation of 41,231 leasing contracts. The average value per concluded contract came to EUR 7,364, marking an increase over the previous year (9 months 2004: EUR 6,872). The company now has operations in 15 European countries. GRENKELEASING is represented in 20 cities throughout Germany. In addition to its five French branch offices and two branch offices in Switzerland, the company has subsidiaries in Austria, Italy, the Czech Republic, Spain, the Netherlands, Denmark, Sweden, Ireland and Belgium. A franchise system gives GRENKELEASING a presence in the UK, Poland, and Norway. The newly established Belgian subsidiary started its business operations in September of this year. GRENKELEASING mainly offers small-ticket IT leasing contracts, i.e. for products such as PC’s, notebooks, copiers, printers, or software having relatively small transaction values. The company is the German and Swiss market leader in this segment. GRENKELEASING AG is listed in the Prime Standard segment of the German stock exchange in Frankfurt and has a listing on the SDAX (small-cap) index. Information on the company and its products is available on the Internet under http://www.grenkeleasing.de. End of message (c)DGAP 050826 Okt 05