Subsidiaries of Aforti Holding S.A., the parent undertaking of the Capital Group providing financial services for the SME sector and listed on NewConnect market, presented their estimated operational and sales results for April 2018. The spring saw additional increases for Aforti Group.
Aforti Finance S.A. provided 57 credits (increase by 67.65% y/y) of the total value of PLN 22.52 million, which constitutes an increase by 225.31% vs. the same period of 2017.
The turnover on the currency exchange platform of Aforti Exchange S.A. amounted to EUR 18.56 million and was by 279.37% higher y/y. In case of Aforti Exchange Romania, the turnover was EUR 2.88 million.
In April 2018, the nominal value of debt collection orders of Aforti Collections S.A. slightly exceeded PLN 77,000 and was comparable to the result of the last year.
The youngest of the companies, Aforti Factor SA, operating in the factoring sector, financed the receivables worth of over PLN 1.55 million last month.
From the beginning of the year to the end of April,
Aforti Finance S.A.
provided entrepreneurs with 220 credits (more by 73.23% y/y) of the total value of PLN 22.52 million, an increase by 225.31% y/y. At the same time, 1,247 entrepreneurs (+106.46%) applied for a loan, submitting their applications for the total amount of PLN 147.68 million (increase by 340.29%).
“Every month we have more and more Clients interested in cooperation with Aforti Finance. The latest market research shows that 41 percent of entrepreneurs regard non-bank credits as
a beneficial solution for SMEs. Our experience indicates that construction, transport, logistics and trade are the most capital-intensive industries. Entrepreneurs from these branches are not always able to maintain continuity of orders, which means that they can have temporary problems with liquidity, retention of employees and fulfilment of current commitments. Therefore, services provided by Aforti Finance gain more and more popularity” – says Klaudiusz Sytek, the President of the Management Board of Aforti Holding S.A.
In April 2018,
Aforti Collections S.A.
focused on activities related to recovery of claims in the Company’s portfolio. “I can say that April was the best month to date as far as recovered claims are concerned. The Company’s accounts were credited with repayments worth of 3 times more than the average of the last year” – says Klaudiusz Sytek.
Aforti Factor S.A.,
one of the youngest companies in Aforti Group, financed debts in the amount of PLN 4.49 million between January and the end of April this year.
“Our factoring company is growing successfully. Apart from operational activities, also additional marketing activities are implemented in order to help attract new Clients and to educate entrepreneurs about factoring. Bearing in mind that, according to the data of the Polish Factors Association, in Q1 2018 factoring services were provided to 14% more entrepreneurs than last year, our share in the market should grow dynamically” – commented the President of the Management Board of Aforti Holding S.A.
The period between January and the end of April was closed with good results also by
Aforti Exchange S.A.,
a company that runs an online currency exchange platform through which the Polish entrepreneurs made exchange transactions worth of almost EUR 64.67 million, an increase by 214.99 percent vs. 2017. Meanwhile,
Aforti Exchange Romania S.A.
reported the turnover of EUR 10.09 million in the same period.
“The brand Aforti Exchange becomes more and more popular. We can effectively attract new Clients to us and to our platform, mainly thanks to the extraordinary convenience, and most of all, cost effectiveness of this tool. We also make sure that exchange rates are competitive with banks and other currency exchange bureaus. In our view, other important aspects are flexibility and personalized customer approach, which we consistently implement” – sums up Klaudiusz Sytek, the President of the Management Board of Aforti Holding S.A.