ots Ad hoc-Service: GRENKELEASING AG GRENKELEASING AG's new business reaches record level in the fourth quarter 2000 - growth of 22.9 % compared to the third quarter 2000

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    Baden-Baden (ots Ad hoc-Service) -    

    GRENKELEASING AG managed to close the year 2000 with a result of Euro 178.1 m (DM 348.4 m) new business, (previous year 1999: Euro 112.9 m (DM 220.9 m), this corresponds a growth of 57.7 %. New business - i.e. sum total of acquisition costs for new leasing contracts; the new business determines how much turnover will be made over the term of the leasing contract.

    GRENKELEASING AG thus achieved in the fourth quarter 2000 an increase in new business of 22.9 % bringing the figure to Euro 53.9 m (DM 105.5 m) compared to the third quarter 2000: Euro 43.9 m (DM 85.9 m).

    This rate of growth, which considerably outperformed expectations, can be attributed to all distribution channels. The growth seen by Grenke's foreign branch offices (316 %) and its Internet subsidiary Weblease (250 %) was particularly strong (outperforming the previous year 1999 in both cases).

    The company intends to publish its financial statement 2000 on February 22, 2001.

    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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