In a letter to Grenke AG supervisory board, its auditors KPMG said it was poised to sign off its audit of the company’s 2020 consolidated financial statements on 17 May.
The audit comes as Grenke defends itself from accusations of fraud in September 2020 by Viceroy Research, a short-seller that investigates publicly traded companies.
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KPMG confirmed that evidence and required information have largely been furnished and are currently being examined. Following the endorsement of the consolidated financial statements by the Supervisory Board, Grenke will publish the Annual Report 2020 on 21 May.
Thereby, Grenke is specifying the expectation formulated on 7 April 2021, to receive the audit opinion for the consolidated financial statements in the coming weeks.
As also envisaged in the announcement of 7 April, Grenke will publish preliminary 2020 financial year figures on 30 April and present them at a virtual press conference and a virtual analyst conference. The respective invitations will be sent out shortly, the company said.
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