Q3 2025 Grenke AG Earnings Call Transcript

Nov 13, 2025 / 10:59 AM GMT

Release Date Price: €16.71

Transcript

Key Points

Positve

Grenke AG (WBO:GLJ) reported a 9.3% increase in leasing new business volume, reaching €2.4 billion.
The company achieved a CM2 margin of 17.1%, indicating strong profitability in new business.
Cost discipline and efficiency measures resulted in a cost-income ratio of 55.4%, below the target of 60%.
Group earnings for Q3 were €48.6 million, aligning with annual targets.
Grenke AG (WBO:GLJ) maintained a strong cash position of €775 million, supporting future business growth.

Negative

The risk environment remains challenging with elevated losses, reflected in a loss rate of 1.8%.
Net interest income has been stagnant, partly due to interest expenses from acquired loans.
Disposal gains, which supported recent quarters, are expected to fade, potentially impacting future earnings.
The company faces macroeconomic uncertainties, which could affect risk provisioning and earnings.
Equity ratio might fall below 16% due to traditionally strong Q4 new business, though this is not a major concern.

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

GLJn.DE - Grenke AG
Q3 2025 Grenke AG Earnings Call
Nov 13, 2025 / NTS GMT

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Presentation
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Unidentified_1 [1]
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Good morning ladies and gentlemen from Baden Bahn and welcome to our earnings call regarding our quarterly statement for Q3 in the first nine months of 2025. My name is Francisca Grant. I'm head of the IR department and today here with me is again, as, just before for Q1, our CFO Doctor Martin Pa. We will start with the presentations and afterwards we will enter into our Q&A session. So with having said that, I would now hand the floor over to our CFO Doctor Martin Paul. Martin, please go ahead.

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Unidentified_2 [2]
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Yeah, thank you, Francisca, and ladies and gentlemen, a very

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