Grenke AG
GLJ.DE
Deutsche Börse12.04
EUR
+0.02
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Grenke AG
GLJ.DE
(Deutsche Börse)
Recent
price
12.04
P/E
ratio
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div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Grenke AG (GLJ.DE), headquartered in Baden-Baden, Germany, and founded in 1978, operates as a global financing partner specializing in small-ticket leasing for small and medium-sized enterprises (SMEs); the company provides manufacturer-independent leasing solutions for IT equipment including PCs, notebooks, servers, monitors and peripherals, software, telecommunications and photocopy equipment; it also offers leasing for medical technology, small machinery, security equipment, green economy objects such as photovoltaic systems, wall boxes and eBikes, alongside rentals, service, protection, maintenance options and remarketing of used equipment; through grenke Bank AG, it delivers development loans, microcredits under programs like Mikrokreditfonds Deutschland, and fixed-term deposits; its portfolio includes factoring services focused on small-ticket notification and non-notification options, as well as receivables management. Grenke AG maintains operations across more than 30 countries worldwide, with 132 locations spanning Europe, Australia, North and South America, and Asia including Dubai; primary markets encompass established core regions like Germany (DACH), France, Italy, Finland, Sweden, Switzerland, Spain and the United Kingdom, alongside growth markets such as Australia, Canada and the USA, and smaller contributors including Belgium, Brazil, Chile and Poland; the leasing segment drives over 96 percent of interest income, with small-ticket contracts up to EUR 50,000 comprising 97 percent of volume; sales channels feature a network of over 39,000 specialist reseller partners and direct sales to SMEs, supported by digital tools like eSignature used in 40.5 percent of 2024 contracts. Recent strategic shifts include the divestment of its factoring business, announced in 2024 with an agreement in April 2025 to transfer operations in Germany, the UK, Ireland, Poland and Hungary to Teylor AG, commencing in 2025 and completing by mid-2026 to sharpen focus on core leasing; in January 2025, Grenke AG formed an industrial partnership with Intesa Sanpaolo, contributing the Italian Rent Foryou stake to Grenke Locazione SRL in exchange for a 17 percent equity holding, aiming to bolster operational leasing for capital goods targeting SMEs in Italy; the company issued its first green bond in 2024, elevating its capital market status, while achieving record leasing new business of EUR 3.1 billion in 2024 and targeting EUR 3.2-3.4 billion for 2025 amid ongoing digitalization and sustainability initiatives.