Grenke AG (XETRA:GLJ)

European company
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Market Info - GLJ

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Company Info - GLJ

  • Market Cap€1.653bn
  • SymbolXETRA:GLJ
  • IndustryFinancial Services
  • SectorCredit Services
  • Currency
  • ISINDE000A161N30

Company Profile

Grenke AG is a financial-services company that, under a franchise model, provides operational infrastructure, the licensing of the group's name to contracted parties, and other support services. The firm retains the right to acquire the franchisee based on a predetermined formula and time frame. Grenke's reporting segments include leasing, banking, and factoring. The Leasing segment produces the most revenue. GRENKE Bank's actions compose the banking segment, primarily including acting as the financing partner for SMEs. The Factoring segment includes mainly small-ticket factoring services. The company operates primarily in Europe, with the most revenue coming from Ireland and Germany.Grenkeleasing AG provides financing for small and medium-sized enterprises. The company is organized into three business segments: Leasing, Banking, and Factoring. It generates a majority of its revenue from the Leasing Segment.

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