Last €74.87 EUR
Change Today +0.53 / 0.71%
Volume 782.0
GLJ On Other Exchanges
Symbol
Exchange
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OTC US
As of 6:10 AM 10/21/14 All times are local (Market data is delayed by at least 15 minutes).

grenkeleasing ag (GLJ) Snapshot

Open
€74.26
Previous Close
€74.34
Day High
€74.87
Day Low
€73.88
52 Week High
04/4/14 - €82.20
52 Week Low
10/21/13 - €64.03
Market Cap
1.1B
Average Volume 10 Days
12.7K
EPS TTM
€3.80
Shares Outstanding
14.8M
EX-Date
04/11/14
P/E TM
19.7x
Dividend
€1.00
Dividend Yield
1.34%
Current Stock Chart for GRENKELEASING AG (GLJ)

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grenkeleasing ag (GLJ) Details

GRENKELEASING AG provides lease financing for IT products in Germany and internationally. The company operates through Leasing, Banking, and Factoring segments. Its activities include the leasing of various types of movable assets; management of lease contracts for third parties; broking of property insurance for leased assets; purchase and management of receivables from and for third parties; banking business; and other related transactions. The company focuses on providing small-ticket lease financing for IT products, such as PCs, notebooks, servers, monitors, peripheral devices, software, equipment, and other IT products. It also finances business start-ups and grants development funds; and offers car leasing services. The company provides its products to small and medium-sized enterprises through in-house sales team and manufacturers of IT products, as well as through online. GRENKELEASING AG was founded in 1978 and is headquartered in Baden-Baden, Germany.

859 Employees
Last Reported Date: 07/25/14
Founded in 1978

grenkeleasing ag (GLJ) Top Compensated Officers

Chairman of the Board of Directors and Chief ...
Total Annual Compensation: €608.4K
Chief Financial Officer and Director
Total Annual Compensation: €436.0K
Chief Operating Officer and Director
Total Annual Compensation: €285.2K
Deputy Chairman of the Board of Directors and...
Total Annual Compensation: €196.5K
Chief Sales Officer and Director
Total Annual Compensation: €322.8K
Compensation as of Fiscal Year 2013.

grenkeleasing ag (GLJ) Key Developments

GrenkeLeasing AG Announces Consolidated Earnings Results for the First Half of 2014; Revised Earnings Guidance for the Full Year of 2014

GrenkeLeasing AG announced consolidated earnings results for the first half of 2014. Net interest income climbed 18.0% to EUR 74.6 million compared with EUR 63.3 million for the same period a year ago. Net interest income after the settlement of claims and risk provision improved accordingly by 29.3% to EUR 49.8 million after EUR 38.5 million in the prior year. This development, however, cannot be assumed for the full year due to the volatility of losses - especially on a quarterly basis. Given the continuing difficult economic situation in some of the European countries, the related risks will persist in the future, in spite of the positive trend seen in the second quarter. Profit from insurance business grew 17.3% to EUR 19.5 million compared with EUR 16.6 million for the same period a year ago. Profit from new business increased 8.3% to EUR 23.2 million after reporting EUR 21.4 million in the first half of 2013. Profit from disposals totalled EUR 0.7 million after EUR 1.3 million in the first half of 2013. This item is very volatile on a quarterly basis and, due to its magnitude, is of less significance to the GRENKE Consolidated Group. Overall, income from operating business rose 19.7% to EUR 93.3 million after amounting to EUR 78.0 million in the comparable period of the previous year. The operating result climbed by 34.7% to EUR 42.0 million after EUR 31.2 million in the first half of 2013. Consolidated Group net profit gained 39.5% to a total of EUR 31.2 million in the first half of 2014 compared with EUR 22.4 million for the same period a year ago. The company is refining its previous earnings guidance for 2014, which projected a net profit in the range of EUR 52 million to EUR 56 million for the GRENKE Consolidated Group, and now expect a figure of around EUR 56 million for the year 2014.

GrenkeLeasing AG Presents at Berenberg and Goldman Sachs Third Annual German Corporate Conference, Sep-22-2014 through Sep-24-2014

GrenkeLeasing AG Presents at Berenberg and Goldman Sachs Third Annual German Corporate Conference, Sep-22-2014 through Sep-24-2014. Venue: Dolce Munich Unterschleissheim, Andreas-Danzer-Weg 1, 85716 Unterschleissheim, Germany. Presentation Date & Speakers: Sep-22-2014. Sep-23-2014, Jörg Eicker, Chief Financial Officer and Director. Sep-24-2014.

GrenkeLeasing AG Reports Consolidated Earnings Results for the First Quarter of 2014; Reaffirms Earnings Guidance for the Year 2014

GrenkeLeasing AG reported consolidated earnings results for the first quarter of 2014. The positive earnings development continued in the first quarter of 2014. Net interest income in comparison to the previous year increased 17.5% to EUR 36.2 million compared to EUR 30.8 million a year ago, as a result of the high level of strong-margin new business generated in recent quarters and due to the continuing favourable interest rate environment. Profit from insurance business grew 19% to EUR 9.4 million in the first quarter of 2014 compared to EUR 7.9 million for the previous year. Profit from new business increased 9% to EUR 11.1 million after EUR 10.2 million in the previous year. Profit from disposals, which is very volatile on a quarterly basis, remained below the extraordinarily positive result of the previous year and amounted to EUR 0.4 million after EUR 0.9 million in the first quarter of 2013. Overall, income from operating business rose 16% to EUR 45.3 million compared to EUR 38.9 million in the prior year's period of 2013. The operating result exceeded the previous year's level by an impressive 20% and amounted to EUR 19.4 million after EUR 16.2 million in the previous year's quarter. In the first quarter of 2014, the consolidated Group's net profit climbed 26% to EUR 14.5 million compared to EUR 11.5 million in the first quarter of 2013. Accordingly, earning per share amounted to EUR 0.99 after EUR 0.81 in the previous year. The company confirmed full year 2014 forecast of a net profit in the range of EUR 52 million to EUR 56 million.

 

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GLJ

Industry Average

Valuation GLJ Industry Range
Price/Earnings 18.0x
Price/Sales 3.6x
Price/Book 2.2x
Price/Cash Flow 16.3x
TEV/Sales NM Not Meaningful
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