The board of Aforti Holding S.A. (“the Company”, “the Issuer”) headquartered in Warsaw hereby announces to the public the estimated operational and sales results of Aforti Finance S.A., Aforti Exchange S.A., Aforti Exchange Romania S.A., Aforti Collections S.A. and Aforti Factor S.A. the Issuer’s subsidiaries for April 2019
1) The estimated operational and sales results of Aforti Finance S.A. for April 2019:
In April 2019 Aforti Finance S.A. granted 16 loans (decrease by 71.93%) with a total value of PLN 2 127,00 thousand, which is a decrease of 71.75% compared to the same month of 2018. The value of submitted applications amounted to PLN 21 629,12 thousand and that is a result lower by 60.69% compared to the same period of the previous year. In April 2019, there were filed 121 loan applications, what in relation to the same month of 2018 is a reduction of 66.11%.
Cumulatively, after four months of 2019, Aforti Finance SA granted 69 loans (68.64% less YoY) with total value PLN 9 315,13 thousand and it is a decrease by 58.64% compared to 2018. In the period from January to the end of April 2019, there were filed 603 loan applications with total value PLN 86 848,10 thousand. The number of submitted applications was reduced by 51.64%, and their total value by 41.12% in relation to the same period in the previous year.
2) The estimated operational and sales results of Aforti Finance Romania IFN S.A. for April 2019:
In April 2019, Aforti Finance Romania IFN S.A. – an entity operating in Romania – accepted the first entrepreneurs’ applications for non-banking loans. Last month, Romanian entrepreneurs submitted 3 applications with a total value of RON (Romanian currency) 813,20 thousand.
On 31/10/2018, the Company obtained a license of a non-banking financial institution (IFN) allowing it to start operating activities.
3) The estimated operational and sales results of Aforti Exchange S.A. for April 2019:
The currency exchange platform’s turnover in April 2019 reached EUR 39 019,48 thousand and was higher by 108.66% compared to the same period of the previous year.
At the same time, after four months of the 2019, the turnover reached the level of EUR 138 251,13 thousand, an increase of 113.30% year-on-year.
4) The estimated operational and sales results of Aforti Exchange Romania S.A. for April 2019 :
The value of trading on the currency exchange platform in Romania in April 2019 amounted to EUR 10 986,52 thousand which is an increase of 273.44% in relation to April 2018.
In the period from January to the end of April 2019, Aforti Exchange Romania S.A. recorded EUR 41 780,51 thousand of the total turnover value, which in comparison to the previous year is an increase of 311.46%.
5) The total estimated operational and sales data of Aforti Exchange for April 2019:
The total value of trading on the currency exchange platforms of Aforti Exchange operated in Poland and in Romania in April 2019 amounted to EUR 50 006,00 thousand, which in comparison to the same period in the previous year means an increase of 131.06%.
At the same time, cumulatively after the four months of 2019 the total value of turnover reached the level of EUR 180 031,64 thousand and it increased year-on-year by 140.14%
6) The estimated operational and sales results of Aforti Collections S.A. for April 2019:
Nominal value of debt collection commissions on April 2019 reached PLN 36 250,46 thousand. This is an increase by 46854.82% YoY. The number of recovery orders amounted to 8909 and was higher by 445350.00% compared to April 2018. The company concluded seven contracts in the indicated month (more by 250.00%).
Cumulatively, after four months of 2019, the nominal value of the debt collection orders amounted to PLN 141 481,77 thousand, which is an increase by 1712.70% year-on-year. The number of orders also increased by 2731.63% to 26 589. At the same time, the number of debt recovery agreements concluded after the four months of 2019, increased by 140.00% to 24.
7) The estimated operational and sales results of Aforti Factor S.A. for April 2019:
In April 2019 the value of receivables financed by Aforti Factor S.A. amounted to PLN 1 710,71 thousand and was higher by 9.81% than in the previous year.
Further, after four months current year, this value reached level of PLN 12 025,90 thousand, recording an increase of 167.79% year-on-year.
A table containing estimated additional data, reported for April 2018 together with the comparative data, can be found in an annex to the current report.
Legal basis: Article 17 paragraph 1 of the MAR – confidential information