ots Ad hoc-Service: GRENKELEASING AG GRENKELEASING AG\047s new business grows 66.1% in HY1 2000, compared to the previous year

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    Baden-Baden (ots Ad hoc-Service) -        

    GRENKELEASING AG managed to close Q1 2000 with a new record result of DM 84.6m (previous year: DM 52.6m) in new business - i.e. sum total of acquisition costs for new leasing contracts.

    GRENKELEASING AG thus achieved an increase in new business of 66.1% in HY1 2000, bringing the figure to DM 157m (previous year: DM 94.5m). Compared to Q1 2000, growth in Q2 rose by 16.9%.

    This rate of growth, which considerably outperformed expectations, can be attributed to all distribution channels. The growth seen by Grenke's foreign branch offices (347%) and its Internet subsidiary Weblease (280%) was particularly strong (outperforming Q1 1999 in both cases).

    The Board of Management

    Contact Details:

    GRENKELEASING AG, Rheinstrasse 219, 76532 Baden-Baden Renate Hauss Phone: +49 (0) 7221/5007-204 Email: Internet:

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