Q2 2025 Grenke AG Earnings Call Transcript

Aug 14, 2025 / 10:59 AM GMT

Release Date Price: €18.22

Transcript

Key Points

Positve

Grenke AG (WBO:GLJ) reported a strong performance in its leasing business, with new business reaching €1.6 billion and a high CM2 margin of 17.3%, indicating strong profitability.
The company successfully placed a benchmark bond, securing necessary funding for future growth.
Grenke AG's customer base increased to over 690,000, and lease receivables approached €7 billion, reflecting strong market demand.
The strategic acquisition of B2F is expected to enhance digital integration and online attractiveness, benefiting dealers and vendors.
The company achieved a trend reversal in group earnings, with a significant profit increase in Q2, and expects continued earnings growth throughout the year.

Negative

Insolvencies in core markets remain elevated, posing a risk to Grenke AG's financial stability.
The company's loss rate, although improved, remains higher than the previous year, indicating ongoing challenges in risk management.
There is a need for continuous focus on cost efficiency to maintain the improved cost-income ratio.
The gains from disposals are temporary and not expected to continue into the next year, potentially impacting future earnings.
The equity ratio has slightly decreased, and there is uncertainty about the impact of franchise company acquisitions on the balance sheet.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

GLJn.DE - Grenke AG
Q2 2025 Grenke AG Earnings Call
Aug 14, 2025 / NTS GMT

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Presentation
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Unidentified_1 [1]
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Welcome ladies and gentlemen, and good morning from Baden Baden to our today's earnings call regarding our half year financial report 2025. My name is Francis Gerrant. I'm head of the IR department and as announced during our Q1 earnings call for the half year and the full year results, we will have both with us, the CEO and CFO, so I have the pleasure to announce that Dr. Sebastian Hirsch, our CEO. And Dr. Martin, our CFO, are here with us today. So before we're entering into the Q&A sessions, we will start with the presentations, and with that, I would like to hand over to our CEO Sebastian. Please go ahead.

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Unidentified_2 [2]
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