Grenke AG (GKSGF)
OTC GREY OTC GREY Primary Summary
Grenke AG (GKSGF) Q4 2024 Earnings Call Transcript
Grenke AG (OTCPK:GKSGF) Q4 2024 Results Conference Call March 13, 2025 5:00 AM ET Company Participants Franziska Randt - Head of Investor Relations Sebastian Hirsch - Chief Executive Officer Martin Paal - Chief Financial Officer Conference Call Participants Johannes Thormann - HSBC Franziska Randt Welcome, ladies and gentlemen, and thank you for joining our earnings call regarding the publication of our annual figures for 2024. My name is Franziska Randt.
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Grenke AG Profile
| IT Services Industry | Information Technology Sector | Dr. Sebastian Hirsch B.A. CEO | OTC GREY Exchange | DE000A161N30 ISIN |
| US Country | 2,108 Employees | 9 May 2025 Last Dividend | 10 Jul 2017 Last Split | - IPO Date |
Overview
Grenke AG, a comprehensive financial services provider, is dedicated to supporting small and medium-sized enterprises (SMEs) across various regions including Germany, France, Italy, and other global markets. Originally established in 1978 and initially known as GrenkeLeasing AG, the company rebranded to Grenke AG in May 2016. Based in Baden-Baden, Germany, Grenke has carved out a niche for itself within the SME sector through a diverse portfolio of financial products and services divided into three main segments: Leasing, Banking, and Factoring. Its extensive experience and broad geographic coverage facilitate a robust support system for SMEs' financial needs.
Products and Services
Grenke AG offers a wide range of financial solutions tailored to the requirements of small and medium-sized enterprises (SMEs), segmented into Leasing, Banking, and Factoring services:
- Leasing: The core of Grenke's offerings includes leasing services that cover a variety of needs. This encompasses financing solutions for commercial lessees, which include rental, service, protection, and maintenance packages. A hallmark of Grenke's leasing service is its small-ticket leasing for IT products such as PCs, notebooks, servers, and software, alongside office communication products like telecommunication and copier equipment. Moreover, the company finances medical technology products, small machinery and systems, and security devices. Notably, Grenke has also ventured into leasing for the green economy, providing financial solutions for wallboxes, photovoltaic systems, and eBikes. These comprehensive leasing options underscore Grenke's commitment to facilitating equipment finance across a spectrum of industries and technological advancements.
- Banking: Grenke AG extends its financial services to include banking products catered to both private and business customers. Through its user-friendly website, it offers fixed deposit accounts, showcasing its capacity to serve a broad range of financial needs. Besides, it provides pivotal financing services to business start-ups and development loans specifically designed for SMEs and self-employed professionals. This banking segment reinforces Grenke's dedication to supporting the growth and development of small and medium-sized enterprises through accessible and essential financial services.
- Factoring: With small-ticket factoring services, Grenke offers a financial lifeline to SMEs looking for flexible funding solutions. This service allows businesses to manage their cash flow more effectively by turning their receivables into immediate cash, thereby smoothing out the financial challenges often associated with payment terms in business transactions. It reflects Grenke's understanding of the dynamic needs of SMEs and their quest for liquidity to sustain and grow their operations.
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