Grenke : Company targets might prove too ambitious in the current environment
>FY 2021 results slightly above estimates - We have reviewed our estimates following Grenke’s release of FY 2021 results. The company reported a consolidated net profit of € 95.2m, up by 7.7% y-o-y for FY 2021 which was slightly ahead of estimates (ODDO BHF: € 91.5m). The result was helped by a disposal gain of € 23m linked to the sale of viafintech GmbH. Attributable net profit (post distribution to hybrid bondholders and post minorities came to € 90.2m, up 4.6% y-o-...Grenkeleasing is engaged in providing financial services in three business segments: Leasing, Banking and Factoring. Leasing: Co.'s financing activities are focused on small-ticket IT leasing. Co. finances a wide range of goods, primarily in the area of information technology on IT equipment and systems and software. Banking: Through GRenke Bank AG, Co. provides financing products for small and medium sized enterprises focused on German customers, including lower-volume receivables (factoring) and car leasing. Co. also offers payment transactions and investment products. Factoring: Co. performs traditional factoring services in Germany and is a financial service provider. .
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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