Grenke : Lower risk appetite in a more challenging macro environment
>Grenke management lowered its outlook for 2024 - Alongside Q2 2023 reporting in August, Grenke’s management confirmed its outlook for 2023 but lowered its guidance for 2024 triggered by a more challenging macroeconomic environment. For 2023, the guidance for leasing new business remained unchanged for € 2.6bn to € 2.8bn and the group consolidated profit (before hybrid bond costs and minorities) stands at an unchanged € 80m to € 90m. For 2024 the guidance for leasing...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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