Grenke’s leasing new business sees 10.6% growth in Q1 2025

Grenke has reported a 10.6% summation successful its leasing caller concern for the archetypal 4th (Q1) of 2025, bringing the full to €740.6m ($821.91m).

The company's profitability indicator, Contribution Margin 2 (CM2), saw a emergence of 15.6%, reaching €130.3m, compared with the erstwhile year.

The largest class successful presumption of lease objects was IT equipment, which constituted 29.3% of the concluded contracts. This class chiefly includes laptops, IT equipment, and software.

Grenke’s nonstop income transmission contributed 17.3% to the full leasing caller business, up from 15.5% successful Q1 2024, driven by caller concern volumes successful the DACH region.

The institution processed astir 171,000 lease applications, resulting successful astir 76,000 caller lease contracts.

The conversion complaint stood astatine 44.5%, with an mean summons size of €9,734.

In presumption of determination performance, Western Europe (excluding DACH) led with a 7.2% maturation to € 200.9m, accounting for 27.1% of the leasing caller business, with France contributing the largest share.

Southern Europe followed with a 5.7% summation to €176.8m, with Italy starring the region.

The DACH portion experienced a 20.6% emergence to €167.2m, with Germany being the largest market.

Northern/Eastern Europe saw a 7.4% summation to €145.0m portion different regions, including the US, Canada, and Australia, grew by 22.5% to €50.8m.

Grenke CEO Sebastian Hirsch said: “Our caller concern is progressing according to plan. The existent figures reaffirm our absorption connected margins and, consequently, profitability – an attack that volition payment our aboriginal earnings.”

As of 31 March 2025, Grenke's deposit concern amounted to €2.37bn, marking a 6.6% summation since the extremity of past year.

Grenke Bank's lending caller business, chiefly successful microcredit, reached €11.3m during the reporting period.

Grenke has besides agreed to transportation its factoring concern to Swiss institution Teylor AG successful a phased process.

The transportation of idiosyncratic section subsidiaries is acceptable to statesman adjacent week and is expected to reason by mid-2026.

Based connected the contiguous situation, immoderate interaction connected Grenke Group’s 2025 income connection is expected to beryllium minimal.

The factoring division, presently classified arsenic held for sale, generated a caller concern measurement of €194.7m successful Q1 of 2025, compared with €212.9m during the aforesaid play successful 2024.

Hirsch added: “Completing the negotiations for the merchantability of the factoring concern marks a strategically important step, allowing america to ore afloat connected further strengthening our marketplace enactment successful planetary small-ticket leasing. It was besides important to america that our employees successful the factoring concern person caller compelling prospects for the future.”