grenke reports €3.3bn in leasing new business for 2025

grenke AG reported solid results for the 2025 financial year, meeting its annual guidance with leasing new business of €3.3 billion. Leasing volume increased 7.8% year-on-year to €3,294.6 million, compared with €3,057.0 million in 2024, placing results within the company’s targeted range of €3.2 billion to €3.4 billion.

Profitability also remained robust despite ongoing market volatility. Contribution margin 2 (CM2), a key measure of earnings quality, rose 6.1% year-on-year to €550.2 million (2024: €518.5 million). The CM2 margin reached 16.7%, in line with guidance and above the company’s target of more than 16.5% for 2025.

“The 2025 financial year brought considerable macroeconomic uncertainty,” said Dr Sebastian Hirsch, CEO of grenke AG.

“Against this backdrop, our risk-selective management, with a focus on our robust core markets, has paid off. At the same time, we realised considerable growth in our future markets. We achieved our new business targets and further expanded our international market position, laying the foundation for earnings growth in the years ahead.”

Dr Martin Paal, CFO of grenke AG, added: “We can look back on a year of solid new business in 2025.

“At €3.3 billion in new business, we grew as planned, despite continued market volatility. Our CM2 margin of 16.7% was not only within the expected range but also fully incorporated the current significantly higher risk costs.”

In the fourth quarter, IT equipment remained the largest lease object category, accounting for 29.9% of concluded contracts, primarily driven by laptops, IT hardware, and software. Direct customer business continued to gain importance, increasing its share of total leasing new business to 18.9% in the quarter, up from 17.1% a year earlier.

Lease application volumes rose to approximately 169,000, resulting in around 82,000 new leasing contracts. The conversion ratio stood at 48.7%, within the company’s typical range, while the average ticket size increased slightly to €10,808.

Regional performance was led by Western Europe (excluding DACH), which recorded 5.9% growth to €237.3 million in the fourth quarter and represented 26.6% of total leasing new business. France accounted for the largest share within the region at 20.3% of total new business.

The DACH region ranked second, growing 11.9% to €217.7 million, with Germany contributing 19.6% of total leasing new business. Southern Europe followed with 3.5% growth to €207.9 million, driven primarily by Italy, which represented 12.4% of total new business volume.

Northern and Eastern Europe reported lower volumes year-on-year following a particularly strong prior-year quarter, while Other Regions – including markets outside Europe – posted 15.5% growth, supported in part by strong momentum in the United States.

As of December 31, 2025, grenke Bank’s deposit business totalled €2.32 billion, up from €2.23 billion a year earlier. Lending new business, largely consisting of microcredit activity, remained stable at €10.1 million.

Factoring new business declined year-on-year to €189.1 million in the fourth quarter, reflecting the ongoing, phased transfer of the factoring business to Teylor AG.

grenke AG’s annual report for the 2025 financial year will be published on March 12, 2026, providing further details on performance and strategic priorities.