new business written in the first nine months of 2008, showing a
15.7 percent rise year-on-year.
The figure, which excludes factoring, represents a total of
50,961 new leasing contracts, of an average value of €7,732
each.
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Including its franchise partners, Grenke Group as a whole has
increased new business by 15.9 percent in the first nine months of
2008 to the value of €433.8 million. This is above expectations
earlier this year, which foresaw a growth in new business of 10
percent.
“Due to the positive new business development of the Grenke
Group in the third quarter, we anticipate a growth of new business
of approximately 15 percent for fiscal 2008. We continue to invest
in expanding our European market leadership and will reinforce the
level of market penetration in individual countries,” said deputy
chairman of the executive board, Dr. Uwe Hack.
According to the German Association of Leasing Organizations
(BDL), leasing is the preferred form of investment finance in
Germany, ahead of credit, hire-purchase and renting.
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