Group earnings in Q1 sharply lower year-on-year, as expected; full-year forecast unchanged
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EQS-Ad-hoc: grenke AG / Key word(s): Quarter Results/Forecast Group earnings in Q1 sharply lower year-on-year, as expected; full-year forecast unchanged Baden-Baden, April 29, 2025: In the first quarter of 2025, as forecast, grenke AG continued to experience elevated expenses for settlement of claims and risk provision. According to the preliminary figures, Group earnings after taxes for the first quarter of 2025 therefore amounted to EUR 10.2 million and was sharply lower than the prior-year figure (Q1 2024: EUR 19.8 million), as expected. The forecast for the 2025 financial year remains unchanged. The operating result before settlement of claims and risk provision rose 20% from EUR 55.7 million to EUR 67.0 million. At the same time, the cost-income ratio (CIR) improved to 56.8% (Q1 2024: 58.1%). Expenses for settlement of claims and risk provision increased sharply to EUR 47.6 million (Q1 2024: EUR 26.7 million) and were still within the range of the Company’s expectations. As previously announced on March 13, 2025, the Board of Directors expects the higher expenses for the settlement of claims and risk provision to weigh on Group earnings in the first half of 2025 compared to the prior year. As a result of the high-margin new business in the first quarter of 2025 and the solid development in operating income, the guidance for the full year remains unchanged. The quarterly statement for the first quarter of 2025, including the final figures, will be published on May 15, 2025. About grenke Further information is available from Investor contact Franziska Randt Press contact Stefan Wichmann
End of Inside Information
29-Apr-2025 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | grenke AG |
| Neuer Markt 2 | |
| 76532 Baden-Baden | |
| Germany | |
| Phone: | +49 (0)7221 50 07 8611 |
| Fax: | +49 (0)7221 50 07-4218 |
| E-mail: | investor@grenke.de |
| Internet: | www.grenke.de |
| ISIN: | DE000A161N30 |
| WKN: | A161N3 |
| Indices: | SDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 2126632 |
| End of Announcement | EQS News Service |
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2126632 29-Apr-2025 CET/CEST
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