IT and telecommunications market.

The mean acquisition value is determined as the arithmetic mean of the acquisition costs of all leased as-sets for which lease agreements were concluded in the reporting period.

New business comprises the acquisition costs of all newly acquired assets from leasing and lease-purchase contracts and the factoring volume in the reporting period.

The Prime Standard is a listing standard of the Frankfurt Stock Exchange with transparency requirements for issuers which exceed those of the General Standard (e. g. quarterly reports have to be published and all corporate communication must also be available in English). A listing in the Prime Standard is a requirement for a listing on one of Deut [..]

Rating agencies rate the creditworthiness of an issuer over long and short-term periods using a standard rating method. "AAA", for example, is the highest solvency rating, and "C" or "D" indicates a low probability of payment. The leading rating agencies are Moody‘s and Standard & Poor‘s. [..]

Abbreviation for "return on equity". The return on equity is calculated as a ratio of the net profit to the equity disclosed in the balance sheet. The ratio gives an indication as to the return on shareholder capital.

A scoring system is used at leasing companies to determine the creditworthiness of a potential lessee. Using a statistical calculation, the probability of default is determined for a new lease agreement, which forms the basis for a decision as to whether or not to accept the application for a lease.   Since 1994, GRENKE has assessed the creditworth [..]

The SDAX index contains the 50 largest and most liquid companies from classic sectors ranking just below the MDAX, which comprises 50 stocks, and the DAX, which comprises 30 stocks. These may include Ger-man and foreign companies, as long as they are listed in the Prime Standard. On January 1, 2003, GRENKE was admitted to the Prime Standard and lis [..]

We define corporate customers as lessees who are not subject to specific protection rules for consumers. The figure relates to the number of newly concluded lease contracts during the reporting period.

We define IT products as equipment used in information technology (such as PCs, servers, printers), photocopying technology and communication technology. The figure relates to the number of newly concluded lease contracts during the reporting period.