Aforti Holding S.A., a provider of financial services for small and medium-sized companies, announced its financial results for the first half of 2016. The consolidated revenue for the period reached PLN 23.83 million and profits exceeded PLN 322 thousand. In July, the Company published an up-date to its strategy for 2016-2018 which assumes exponential growth of the entire Group and, as a result, will lead to a debut on the main trading floor of the Warsaw Stock Exchange within two years.
The consolidated revenue of the Aforti Group in H1 2016 reached PLN 23.83 million securing a 19.81% YoY improvement. The consolidated profit of the Group amounts to PLN 332 thousand, an improvement of 54% YoY. As previously announced, in the first half-year the board of Aforti Holding worked intently on providing a rapid expansion of the scope of business activity. The Group’s strategy for 2016-2018 up-dated on July 14 shall further improve the Company’s results.
“In the first half-year we noted continued growth in the Group’s operations, which translated into solid financial results. Sales revenue grew by more than 19% YoY – this is a sign, that we’re headed in the right direction. Another goal for us to achieve is to reach the planned profitability of our projects. The period left until the end of the year is really important for us and we want to make use of it to ready the Group for further dynamic growth,” says Klaudiusz Sytek, board president, Aforti Holding S.A.
The board of Aforti Holding wants to achieve exponential growth by means of organic growth and acquisitions. The Group’s expansion will be supported by intra-group synergy and expansion of x-sell – an additional package of services forming a comprehensive offer. The strategy lays out plans for increasing the scope of activity among key subsidiary companies, Aforti Exchange and Aforti Finance, as well as expansion on the Polish and other European markets.
“We are talking with entities operating in the debt collection industry and in financial product distribution. Thanks to prospective acquisitions we will be able to achieve a synergistic effect, which will translate into further growth for the Group and boost financial results. These are the core tenets of our strategy,” adds Klaudiusz Sytek.
In 2015 Aforti Holding Group marked a record-high PLN 43.53 million consolidated sales revenue. In comparison to the year 2014 it was an improvement of 284%, when the consolidated revenue was PLN 11.32 million. The consolidated net profit of the Group as of the end of last year was PLN 641 thousand.