Subsidiaries of Aforti Holding S.A., the NewConnect-quoted parent entity for the Group of Companies providing financial services for the SMEs sector, presented estimated operating and sales results for March 2018.
During this period, Aforti Finance S.A. granted 56 loans (increase by 69.70% YoY) with total value of PLN 5.01 million, which – as compared to the same month of 2017 – means growth by 209.52 percent.
The value of turnover on the currency exchange platform of Aforti Exchange S.A. amounted to EUR 22.41 million and was higher by 314.66 percent than in the previous year. In the case of Aforti Exchange Romania, this turnover amounted to EUR 3.92 million.
In March of this year, the face value of debt collection orders of Aforti Collections S.A. reached PLN 5.12 million and was higher than in March of 2017 by 14.04 percent. The number of debt collection orders of the company amounted to 70, namely 98.74 percent less than in the previous year.
Aforti Factor S.A., operating in the factoring segment, is also faring better and better. Last month, it financed liabilities with the value of PLN 1.39 million.
In the 1st quarter of this year, Aforti Finance SA granted 163 loans to entrepreneurs (75.27 percent more YoY), with total value of PLN 14.99 million, which means year-on-year growth by 232.69 percent. At the same time, 890 entrepreneurs applied for a loan (+ 93.48%) by submitting applications for the total amount of PLN 92.58 million (increase by 308.38 percent).“We are crossing subsequent result barriers by dynamically developing. The construction of our own sales network has clearly begun to yield the first expected results. The market situation is also favourable. Many entrepreneurs are looking for quick funding, since time is often of the essence in business. Our formalities and the contractor verification period take as little time as possible, thanks to which we are able to quickly issue a decision on granting funds,” says Klaudiusz Sytek, President of the Management Board of Aforti Holding S.A.
March brought for Aforti Collections S.A., the company operating in the debt collection and credit management industry, an improvement in the order portfolio value by 14.04 percent up to PLN 5.12 million. However, in the cumulative perspective, this value amounted to PLN 7.72 million at the end of the 1st quarter and remained 31.27 percent lower than in the previous year. The number of orders amounted to 70 only in March (-98.74 percent) and 937 from the beginning of the year until the end of March (-92.66 percent).
“Step by step, we are building real value of our order portfolio. The first effect is the growth in the face value of orders by over PLN 630 thousand,” says Klaudiusz Sytek
The month was successfully closed by Aforti Factor S.A., dealing with factoring, which financed liabilities with the value of PLN 1.39 million in March. “We closed the first quarter successfully, financing invoices for the total amount of nearly PLN 3 million. By acquiring new customers, we gained the possibility to utilise the synergy effect, presenting our offer to customers of other companies from the Aforti Group. Additionally, we are still noticing that Polish entrepreneurs need to be educated on what factoring is and what benefits it may bring to them. In the near future, we will prepare something like a free small compendium that will contain the basic information,” comments the President of the Management Board of Aforti Holding S.A.
Turnover records are broken by the currency exchange platform run by Aforti Exchange S.A. Throughout the 1st quarter, Polish entrepreneurs made exchange transactions worth nearly EUR 46.05 million, which means growth by 194.45 percent towards 2017. At the same time, Aforti Exchange Romania S.A. recorded a turnover in the amount of EUR 7.20 million in the same period. “Nowadays, a customer as individual as B2B values professionalism, promptness and convenience. We can guarantee these features in the operation of our online platform. At first, our Customers use this tool with caution, but after several transactions they admit that it becomes an indispensable tool in running business operations,” summarises Klaudiusz Sytek, President of the Management Board of Aforti Holding S.A.