Germany’s Grenkeleasing expects to expand
again this year, forecasting a significant growth in new business
and a profit of up to €28 million.

Grenkeleasing’s deputy chairman Uwe Hack said
at the annual general meeting: “In the first quarter of 2010 the
Group, including franchise partners, increased new business
considerably by 26.6 percent.”

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“Overall, we are assuming that a consolidated
profit of €25 million to €28 million will be generated in
2010.”

The IT lessor distributed a €0.60 per share
dividend, equal to previous year’s levels – totalling €8.2
million.

Shareholders also elected Florian Schulte and
Thilo Wörn as new members to the supervisory board, and confirmed
Dieter Münch and Erwin Staudt until 2014.

Wolfgang Grenke, the company’s CEO, added:
“While this [recession] has left its mark on our earnings, overall
2009 will be seen as just a minor and brief deviation from our
long-term growth trend.”

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