Customer payment behaviour stable; expenses for settlement of claims and risk provision decline
Stronger new business expected in the second half of 2021 as a result of further recovery of markets
CFO Dr Sebastian Hirsch: 'Remarkably positive profit development'.
CEO Michael Bücker: 'Driving forward the transformation process with unwavering commitment'.
Baden-Baden, Germany, August 4, 2021: GRENKE AG, a global financing partner for small and medium-sized enterprises, significantly increased its net profit in the second quarter of 2021, despite the effects of the Covid-19 pandemic. Consolidated net profit after taxes increased to EUR 18.3 million (Q2 2020
1: EUR 13.5 million). This was mainly due to a decline in expenses for settlement of claims and risk provision, which fell 40.3% to EUR 39.5 million (Q2 2020