Grenke AG — Earnings Release 2005

Jul 4, 2005

News Details

Ad-hoc | 4 July 2005 07:53

GRENKELEASING AG: New business shows strong growth

Ad hoc announcement §15 WpHG Earnings from new business GRENKELEASING AG: New business shows strong growth Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. —————————————————————————— Baden-Baden, 4 July 2005: GRENKELEASING closed the first half of 2005 with earnings in new business – i.e. the total acquisition costs of newly purchased leased assets – of EUR 202 million (HY1 2004: EUR 175 million). Its new business thus grew by 15.8 % against the previous year. The margin of new business (contribution margin 1) – a key profitability indicator of new business – improved to EUR 24 million in HY1 2005 (against last year’s comparable figure of EUR 20 million), corresponding to an increase of 20 %. In Germany, the company’s new business grew by 6.4 % in the first six months of the year. GRENKELEASING’s foreign subsidiaries accounted for 32 % of the group’s total new business. Its French subsidiary achieved growth of 34 %. Its Swiss business increased by 30 %. The company will publish its detailed six months report on 28 July 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 04.07.2005 Issuer’s information/explanatory remarks concerning this ad hoc announcement: “Although two extra working days helped accelerate growth in Q2, we can be more than happy with a quarterly increase of 23 % year-on-year – especially since the contribution margin of our new business also shows a favourable trend. Looking at HY1 2005 as a whole, we have outperformed our own expectations. The continued lower level of growth in Germany is more than compensated for by the successful expansion of our international business,” said Chairman of the Executive Board Wolfgang Grenke, commenting on the figures. “Logically enough, we are sticking to our full-year target for 2005 – a double-digit increase in new business and profits through organic growth.” The group recorded 54,210 leasing enquiries in HY1 2005, leading to the generation of 27,597 new leasing contracts. The average value per concluded contract came to EUR 7,324, marking an increase over the previous year (HY1 2004: EUR 6,823). The company now has operations in 14 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 and Ireland. A franchise system gives GRENKELEASING a presence in the UK, Poland, and Norway. 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 040753 Jul 05