Grenke posts 24% H1 2026 profit rise as costs decline

German leasing company Grenke AG said on Wednesday its first-half 2026 profit rose 24% year-on-year, driven by easing cost pressures and stronger operational performance.

The company did not disclose specific profit figures in the statement. Grenke attributed the improvement to reduced expenses across its core leasing and financing segments, alongside steady demand for its equipment and technology financing solutions.

Operating costs declined during the period, supporting margins despite a competitive lending environment. Grenke’s leasing business, which serves small and medium-sized enterprises, continued to benefit from stable credit quality and disciplined risk management.

The earnings update follows Grenke’s recent strategic review aimed at optimizing its business model and cost structure. Management highlighted progress in digitalizing operations and expanding its customer base in key European markets.

Grenke’s shares were indicated 1.2% higher in pre-market trading on Wednesday, reflecting investor reaction to the profit update. The company is scheduled to release detailed financial results for the first half of 2026 on August 14.