Grenke AG (OTCPK:GKSGF)

$ 22 0 (0%) Market Cap: 721.00 Mil Enterprise Value: 4.13 Bil PE Ratio: 9.44 PB Ratio: 0.52 GF Score: 60/100

Q3 2024 Grenke AG Earnings Call Transcript

Nov 14, 2024 / NTS GMT

Release Date Price: $22

Transcript

Franziska Randt

Grenke AG - Head of the Strategic Division of the IR Department

Welcome, ladies and gentlemen, and thank you for joining our Q3 2024 Earnings Call. My name is Franziska Randt. I am Head of the Strategic Division of the IR Department. And I'm very pleased to say that today here with me is CEO, Dr. Sebastian Hirsch; and our CFO, Dr. Martin Paal. We will start with the presentation and right after, we will enter into our Q&A session. [Operator Instructions]

With that having said, I would like to turn the call over to Sebastian. Please go ahead.

Sebastian Hirsch

Grenke AG - Interim Chairman of the Management Board, Chief Executive Officer

Thank you, Franziska. And also a warm welcome from my side. Thanks for joining us today for our earnings call. Ladies and gentlemen, as announced 2 weeks ago, the third quarter of 2024 was marked by different setting than we initially have planned at the beginning of the year. For the first time, the challenging economic situation has also materialized in our numbers. We saw an increase of insolvencies,

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