ots Ad hoc-Service: Grenke Leasing AG GRENKELEASING AG posts Record Result for the Financial Year 2000

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    Baden-Baden (ots Ad hoc-Service) -        

    GRENKELEASING AG, Germany, market leader in the field of small-ticket IT leasing, posts after-tax earnings of EUR 9.6m for FY 2000 as per December 31, 2000. This corresponds to an increase of 146% compared to the same period of the previous year (1999: EUR 3.9m). In this connection GRENKELEASING also especially profited from the tax reform. The reduction in the tax rate from previously 50% to 38.5% allowed a revaluation of deferred taxes.

    Earnings before taxes (EBT) grew by 53% compared to the previous year, reaching a figure of EUR 12.3m (1999: EUR 8.0m).

    The profit per share according to the DVFA (German Society of Capital Market Experts) amounts to EUR 0.71 and thus lies 34% above the average value of published analyst forecasts (EUR 0.53).

    New business, i.e. the total acquisition costs of new leasing contracts, rose by 57.9% to a figure of EUR 178.2m, compared to EUR 112.9m in 1999. Earnings generated by new business largely accrue during the term of the leasing contracts over a period of approx. three years following conclusion of the new business.

    The Board of Management

    Contact Details:

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

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