Grenke logs 9.8% growth in leasing new business in Q2 2025
German leasing company Grenke has reported a 9.8% year-on-year (YoY) increase in leasing new business during the second quarter (Q2) of 2025, bringing the total to €867.4m ($1.01bn).
A total of €790.3m was reported during the same quarter last year.
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Contribution margin 2 (CM2), a profitability indicator, rose by 13.5% YoY to €148.6m.
The CM2 margin improved to 17.1%, exceeding the 2025 financial year target of more than 16.5%, according to Grenke.
In Q2 2025, IT equipment, including laptops and software, was the largest lease category, accounting for 26.3% of concluded contracts.
The direct sales channel’s share of total leasing new business increased to 17.4%, driven by strong performance in the DACH region, Grenke said.
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By GlobalDataLease applications grew to around 176,000, leading to around 88,000 new contracts, with a conversion ratio of 50.2%.
The average ticket size was €9,845, aligning with the customary business level of around €10,000.
Southern Europe emerged as the “strongest” region, with a 10.8% growth to €218.6m and a 25.2% share of leasing new business.
Italy led within the region, representing 14.4% of the total.
Western Europe (excluding DACH) followed with a 9.3% increase to €215.6m, with France contributing 19%.
The DACH region ranked third, with a 14.6% increase and a volume of €209.4m, led by Germany’s 19.5% share.
Northern/Eastern Europe recorded a slight decline to €162.8m while other regions, which include the US, Canada, and Australia, saw a 25.6% growth to €61m.
Grenke CEO Sebastian Hirsch said: “The first half of the year reconfirms the strategic strength of our high degree of diversification – not only in terms of our object portfolio but also our geographic footprint. While smaller countries were the main growth drivers last year, it is now, especially our two largest markets, Germany and France, that are the main pillars of our strong new business.”
As of 30 June 2025, Grenke’s deposit business reached €2.36bn, and its lending new business, primarily microcredit, amounted to €10.4m.
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