Grenke, a member of the Value Stars Germany Index, is exiting the factoring business. That could provide some upside to its 2024 earnings guidance, making it not a bad move for the stock.
A column by Holger Steffen, investment expert and advisor for the Value Stars Germany Index.
As our portfolio title Grenke reported last week, the company wants to divest itself of all factoring activities and look for a buyer for it. The reason is that the expected synergies with the core leasing business have not materialized and the factoring segment could only be made profitable in the long term with significant additional investments and a multiplication of the volume of business. […]
