Grenke AG (GLJ.DE) Wednesday said that its first-quarter group earnings rose 52.4 percent from last year, helped by growth in income from its operating business. The company also reaffirmed its outlook for the year ahead.
The German private banking company reported group earnings of 15.5 million euros in the first quarter, higher than 10.2 million euros in the corresponding period of fiscal 2025. On a per share basis, earnings were 0.03 euros, compared to a loss of 0.02 euros in the year-ago quarter.
According to Grenke, leasing new business rose 4.2 percent in the first quarter to 786.4 million euros from 754.6 million euros in the same period last year.
The company reported growth in income from its operating business of 10.2 percent to 170.8 million euros from 155.0 million euros in the previous year period.
Looking ahead, Grenke reaffirmed its fiscal 2026 outlook of group earnings inthe range between 74 million euros and 86 million euros, along with leasing newbusiness volume between 3.4 billion euros and 3.6 billion euros.
On the XETRA Exchange, GLJ.DE ended Tuesday's trading at 12.28 euros, up 0.08 euros or 0.66 percent.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.