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
Investegate |GRENKE AG Announcements | GRENKE AG: Virtual Annual General Meeting of GRENKE AG resolves dividend and appoints new Supervisory Board members
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Investegate |GRENKE AG Announcements | GRENKE AG: Enforcement procedure completed for the 2019 consolidated financial statements - Aspects underlying the errors identified already taken into account in the 2020 financial statements
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Investegate |GRENKE AG Announcements | GRENKE AG: S&P affirms GRENKE AG rating of BBB+/A-2
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Investegate |GRENKE AG Announcements | GRENKE AG: Changes in the Supervisory Board of GRENKE AG and new member of the Board of Directors at GRENKE BANK
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