DGAP-Adhoc: GRENKE AG adjusts forecast for 2019 Consolidated Group net profit and reaffirms new business forecast
DGAP-Ad-hoc: GRENKE AG / Key word(s): Change in Forecast
GRENKE AG adjusts forecast for 2019 Consolidated Group net profit and reaffirms new business forecast
29-Jul-2019 / 22:06 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
GRENKE AG adjusts forecast for 2019 Consolidated Group net profit and reaffirms new business forecast
- Adjustment in forecast for Consolidated Group net profit: following net profit of EUR 131 million in the previous year, net profit in the current year forecasted to rise to EUR 138 to 148 million (previous forecast: EUR 147 to 156 million)
- Target for new business growth at GRENKE Group Leasing narrowed to 16 to 19 percent (previous forecast: 14 to 19 percent)
Baden-Baden, July 29, 2019: The profitable new business generated in the past quarters continued to be a key driver of the Consolidated Group's profitability in the reporting period. The changing overall economic environment and the associated fluctuations in the payment behaviour of customers will result in a higher loss rate. Based on the currently available projections, the Company expects the expenses for settlement of claims and risk provision to increase. Furthermore, GRENKE emphasises that a development such as that seen in the first half-year represents a certain degree of normalisation, as the losses in recent years, which were accompanied by a sharp rise in new business volume, were at a very low level. As a result, the Board of Directors is adjusting the full-year forecast for Consolidated Group net profit to EUR 138 to 148 million (previous forecast: EUR 147 to 156 million), which represents an increase of 5 to 13 percent compared to the previous year.
Given the robust business model and the continued good growth outlook, the Company is narrowing its forecast for new business growth in 2019 at GRENKE Group Leasing to 16 to 19 percent (previous forecast: 14 to 19 percent).
The GRENKE Consolidated Group's financial report for the second quarter and first half-year of 2019 will be published on July 30, 2019.
Analysts and investors are kindly asked to direct any questions to
Renate Hauss
Director Investor Relations
Phone: +49 7221 5007-182
Email: [email protected]
Information and Explanation of the Issuer to this News:
About GRENKE
The GRENKE Group (GRENKE) is a global financing partner for small and medium-sized companies. As a one-stop shop for customers, GRENKE's products range from flexible small-ticket leasing and demand-driven bank products to convenient factoring. Fast and easy processing and personal contact with customers and partners are at the centre of GRENKE's activities.
Founded in 1978 in Baden-Baden, the Company operates in 32 countries and employs more than 1,600 staff worldwide. GRENKE shares are listed in the MDAX on the Frankfurt Stock Exchange (ISIN DE000A161N30).
Further information about GRENKE and its products is available at www.grenke.com.
29-Jul-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
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Language: |
English |
Company: |
GRENKE AG |
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Neuer Markt 2 |
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76532 Baden-Baden |
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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: |
MDAX |
Listed: |
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: |
848427 |
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End of Announcement |
DGAP News Service |
848427 29-Jul-2019 CET/CEST
Die wichtigsten Finanzdaten auf einen Blick
|
|
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023e |
Umsatzerlöse1 |
2.418,55 |
2.936,64 |
3.512,49 |
2.675,70 |
2.358,74 |
3.083,36 |
3.419,82 |
EBITDA1,2 |
176,71 |
174,38 |
203,03 |
153,99 |
163,99 |
130,44 |
139,98 |
EBITDA-Marge3 |
7,31 |
5,94 |
5,78 |
5,76 |
6,95 |
4,23 |
|
EBIT1,4 |
161,35 |
157,16 |
170,00 |
125,12 |
132,51 |
97,98 |
112,91 |
EBIT-Marge5 |
6,67 |
5,35 |
4,84 |
4,68 |
5,62 |
3,18 |
3,30 |
Jahresüberschuss1 |
124,98 |
131,11 |
135,90 |
88,44 |
95,19 |
84,18 |
86,71 |
Netto-Marge6 |
5,17 |
4,46 |
3,87 |
3,31 |
4,04 |
2,73 |
2,54 |
Cashflow1,7 |
27,95 |
53,66 |
140,75 |
586,62 |
-72,04 |
-346,84 |
329,25 |
Ergebnis je Aktie8 |
2,74 |
2,78 |
2,95 |
1,86 |
1,94 |
1,75 |
1,79 |
Dividende8 |
0,70 |
0,80 |
0,80 |
0,26 |
0,51 |
0,45 |
0,58 |
Quelle: boersengefluester.de und Firmenangaben
Geschäftsbericht 2023 - Kostenfrei herunterladen.
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de
Wirtschaftsprüfer: BDO
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INVESTOR-INFORMATIONEN |
©boersengefluester.de |
Grenke |
WKN |
Kurs in € |
Einschätzung |
Börsenwert in Mio. € |
A161N3 |
22,450 |
- |
1.043,83 |
KGV 2025e |
KGV 10Y-Ø |
BGFL-Ratio |
Shiller-KGV |
9,35 |
21,45 |
0,44 |
10,15 |
KBV |
KCV |
KUV |
EV/EBITDA |
0,91 |
3,17 |
0,31 |
7,46 |
Dividende '22 in € |
Dividende '23e in € |
Div.-Rendite '23e in % |
Hauptversammlung |
0,45 |
0,47 |
2,09 |
30.04.2024 |
Q1-Zahlen |
Q2-Zahlen |
Q3-Zahlen |
Bilanz-PK |
15.05.2024 |
08.08.2024 |
14.11.2024 |
07.03.2024 |
Abstand 60Tage-Linie |
Abstand 200Tage-Linie |
Performance YtD |
Performance 52 Wochen |
-3,09% |
-3,35% |
-10,38% |
-29,29% |
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