Grenke : Grenke on track for better earnings momentum starting 2025e
>Q4 2023 results slightly below estimates - Grenke reported Q4 2023 results which came in slightly below the consensus estimate. Consolidated group net profit came to € 22.3m which compares to the € 23.4m consensus and our € 22.0m estimate. Higher-than-expected interest expenses and operating costs were largely balanced by lower-than-expected cost of risk. For FY 23, consolidated net profit came to € 86.7m and stood in the upper half of the most recent guidance range...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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