grenke leasing new business sees 5.8% uptick in Q3 2025

Core Insights - Grenke reported a 5.8% increase in new leasing business in Q3 2025, totaling €781.2 million ($917 million), compared to €738.5 million in the same quarter of the previous year [1] - The company aims for €2.4 billion in new business for the full year, with IT equipment being the most leased asset category, accounting for 26.5% of total contracts [1][2] Business Performance - The proportion of direct business with customers remained stable at 17.9%, with lease applications rising to approximately 159,000, resulting in around 77,000 new leasing agreements [2] - The DACH region (Austria, Switzerland, and Germany) was the top performer, generating €207.2 million in new business, a 9.4% increase, with Germany contributing over 21.7% [2][3] Regional Growth - Western Europe, excluding DACH, saw a 12.3% increase in new business to €197.3 million, while Southern Europe grew by 7.9% to €179.7 million [3] - The 'Other Regions' category reported a significant 22.2% increase to €59.1 million, with notable contributions from the US market [3] Financial Overview - As of September 30, 2025, the company's deposit business was €2.19 billion, showing a slight decrease from the end of 2024 [4] - Grenke Bank's new lending business, primarily microcredit, increased modestly to €10.2 million [4] - Overall earnings for the first half of 2025 were recorded at €26.2 million, with a strong performance in the leasing division, which saw a 9.8% rise in new business [5]