Subsidiaries of Aforti Holding S.A. – the parent company of the Capital Group listed on the NewConnect market, providing financial services for the SME sector – presented estimated operating and sales results for September 2018. The group welcomed autumn of profit growth.
From the beginning of this year to the end of September this year. Aforti Finance S.A. granted 437 loans to entrepreneurs (more by 28.91% year on year) with a total value of PLN 45.16 million, which is an increase by 91.03% year-to-year. Furthermore, 2,936 entrepreneurs applied for the loan (an increase of 81.01%), submitting applications for the total amount of over PLN 373.90 million (an increase by 204.61%).
“Three quarters of the year are behind us now. We sustain upward trend. Only in September we’ve granted funding over PLN 4.02 million worth. In addition, 247 new loan applications were received for a total amount of 33.18 million PLN. Thanks to active marketing and communication policy, the brand of AFORTI Finance is becoming more and more recognizable. We can support the activity of an increasing number of Polish entrepreneurs who do not have access to other forms of financing the development of their companies. “- says Klaudiusz Sytek, President of the Board of Directors Aforti Holding S.A.
In September 2018, traders exchanged currencies via online platform operated by Aforti Exchange SA worth almost 21.22 million euros, which means 116.83% more than the year before. During the same period, Aforti Exchange Romania S.A recorded a turnover of approx. 5.80 million euros.
“In terms of sales Aforti Exchange breaks further record levels. In recent months, we have recorded an increase in transactions and the registration of new customers. We expand our structures in Romania, where after 9 months we recorded a turnover of nearly 34.49 million euros. “- says Klaudiusz Sytek, the President of the Board of Directors of Aforti Holding S.A.
Both companies of Aforti Exchange have generated a total turnover of EUR 207.64 million.
In September 2018, Debt collection company Aforti Collections S.A. has recorded PLN 1.17 million of the nominal value of debt collection orders, and together with LifeBelt sp.o.o. (majority shares aquired in August this year), this value amounted to PLN 32.38 million.
In the period from January to the end of September this year, Aforti Collections S.A. has recorded PLN 11.65 million worth of orders. During this period, the company had 2,070 debt collection orders in its portfolio, 697 were newly acquired.
Nine months of this year, the value of LifeBelt orders portfolio amounted to over PLN 318 million, where the number of orders was 70 689 (during this period, 6 new contracts were acquired).
“We are already observing the first positive effects of the first stage of the merger of Aforti Collections and LifeBelt. First of all, the mutual exchange of knowledge and experience, as well as business solutions enabling more efficient portfolio management.”- says Klaudiusz Sytek
Aforti Factor SA operating in the factoring segment, by the end of September 2018, has financed receivables in the amount of PLN 17.8 million.
“According to announcements, the company began to expand its operational structures, but we are still at the beginning of an intensive development path. Each month, the scale of operations is increasing, and we are gradually expanding the Clients’ portfolio. We conduct educational activities constantly, so that some of the Clients are able to assess by themselves, whether they need additional loan, or whether the factoring service will be more appropriate, “says the President of the Board of Directors of Aforti Holding SA.