The leasing specialist Grenke, who was criticized for his accounting, received an unqualified certificate from the auditing company KPMG for the 2020 consolidated financial statements.
According to the company’s announcement, the Grenke share jumped around 14 percent on the Tradegate trading platform on Monday.
Grenke also wants to pay its shareholders a surprisingly significantly lower dividend for 2020 than before.
The company announced that 26 cents per share were planned.
A year earlier it was 80 cents per share.
Analysts, however, had expected 71 cents.
The group profit after taxes for the past year is according to the information at 88.4 million euros - 8.5 million euros more than targeted in the preliminary figures.
The leasing service provider justifies this with a correction of the risk provision in the previous year.
The group had previously indicated this possibility.
Both the corona pandemic and the special audits weighed on Grenke's profits.
Because the group violated "basic criteria", the share flew out of the SDax.
Now the group sees itself in attack mode again: “We have delivered.
With the unqualified attestation, we will regain trust, ”said boss Antje Leminsky according to the announcement.