Grenke AG Confirms Preliminary Q1 2025 Results

Grenke AG, a global financial partner for SMEs, has confirmed its preliminary income figures for Q1 2025. The company's earnings in the first quarter totaled EUR 10.2 million, a decline from EUR 19.8 million in Q1 2024. This year-on-year reduction was due to an increase in claim settlements and risk provisions. Despite the higher expenses, Grenke AG reiterated its forecast for 2025.

Interest income rose by 20.9% to EUR 159.8 million, while interest expenses for leasing refinements increased to EUR 60.0 million. This led to a 16.0% increase in net interest income, reaching EUR 99.8 million. The operating business income rose to EUR 155.0 million due to growth in new and service business profits.

The company's operating result before claims saw a 20.3% rise to EUR 67.0 million. However, the increased level of insolvencies impacted the result from claims settlement, which amounted to EUR 47.6 million. Lease receivables grew to EUR 6.7 billion, maintaining a stable equity ratio of 16.0%.