Grenke AG - Earnings Release 2017

News Details

Ad-hoc | 4 July 2017 08:27

GRENKE AG: GRENKE increases forecast for the Leasing segment’s new business

GRENKE AG / Key word(s): Change in Forecast

04-Jul-2017 / 08:27 CET/CEST

Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP – a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

GRENKE increases forecast for the Leasing segment’s new business

Baden-Baden, July 4, 2017: In the first half of 2017, GRENKE AG (ISIN DE000A161N30) increased its new business at GRENKE Group Leasing to EUR 939.5 million compared to EUR 776.8 million in the previous year. This is equivalent to a growth rate of 20.9%. Based on this solid development in the first half-year and the equally positive outlook for the business performance in the further course of the year, the Board of Directors now expects the Leasing segment’s new business in 2017 to grow in a range of 16 – 21% (previous range: 11 – 16%).

The full report with the results of the second quarter and first half-year of 2017 will be published as scheduled on July 28, 2017.

End of the ad hoc announcement.

For further information, please contact:

GRENKE AG

Corporate Communications / Investor Relations

Renate Hauss

Neuer Markt 2

76532 Baden-Baden

Phone: +49 7221 5007-204

Email: [email protected]

Internet: http://www.grenke.de

04-Jul-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

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Language:	English
Company:	GRENKE AG
	Neuer Markt 2
	76532 Baden-Baden
	Germany
Phone:	+49 (0)7221 50 07-204
Fax:	+49 (0)7221 50 07-4218
E-mail:	[email protected]
Internet:	www.grenke.de
ISIN:	DE000A161N30
WKN:	A161N3
Indices:	SDAX
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange