Grupo Elektra SAB de CV
BBME:XEKT17.30
EUR
0.00
(0.00%)
ISIN
MX01EL000003
Return %
Stock
S&P 500
1Y
2.37
14.39
3Y
-73.59
81.42
5Y
-74.56
68.62
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
MXN
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in mil. unless spec.Quarterly Revenue
MXN
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in mil. unless spec.Quarterly Earnings Per Share
MXN
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in mil. unless spec.Quarterly Dividends Per Share
MXN
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in mil. unless spec.Company Description
- CEO
- Gabriel Alfonso Roqueñí Rello
- Full Time Employees
- 62,298
- Sector
- Finance
- Industry
- Finance/Rental/Leasing
- Address
- Av. Ferrocarrilde RIo FrIo N419-CJ Mexico City DF Mexico 09010
- IPO Date
- Dec 10, 1991
- Website
- grupoelektra.com.mx
- Similar Companies
- Business
- Grupo Elektra, S.A.B. de C.V. operates as a leading Latin American specialty retailer and financial services company, focusing on underserved middle-class families through retail sales and banking products; it ranks as Mexico's largest commercial bank by branches and personal loan portfolio, and the top non-bank provider of short-term consumer loans in the United States. The company offers consumer electronics, household appliances, furniture, computers, telephony products, motorcycles under brands including Italika, Hero, Benelli, Kymco, and Suzuki; electronic money transfers via Nueva Elektra del Milenio (NEM) with partnerships to over 30 U.S. money transfer operators; banking services through Banco Azteca encompassing savings accounts, loans, credit cards, digital banking via 23.9 million clients on the baz super app; insurance via Seguros Azteca covering life, health, property, automobiles, and microinsurance for accidents and illnesses; pension management through Afore Azteca with Ps.279.8 billion under administration; brokerage services via Punto Casa de Bolsa; and short-term loans through Purpose Financial with 834 branches across 23 U.S. states. Founded in 1950 and headquartered in Mexico City at Av. Insurgentes Sur No. 3579, Tlalpan, the company maintains approximately 6,123 points of contact across Mexico, the United States, Guatemala, Honduras, and Panama, generating LTM 2Q'24 revenues over US$10 billion with 60% from commercial activities and 40% from financial services. Recent developments include shareholder approval in October 2025 for privatization following a five-month trading suspension on the Mexican Stock Exchange due to fraud allegations involving share manipulation and unpaid taxes exceeding 63 billion pesos, alongside a 70% share price drop; in October 2024, subsidiary NEM explored a new issuance of Senior Secured Notes due 2028 under its DPR securitization program, backed by U.S. remittance receivables with US$325 million outstanding after amortizations; and ongoing expansions such as 39 new Elektra Motos stores, 36 motorcycle model launches in 2024 including the first electric model, baz super app enhancements for credit origination, and EDGE certification for five stores toward a 205-store green building goal by 2029.