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 Finance Romania IFN 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 December 2019
1) The estimated operational and sales results of Aforti Finance S.A. for December 2019:
In December 2019 Aforti Finance S.A. granted15 loans (decrease by 68,75%) with a total value of PLN 1 325,81 thousand, which is a decrease of 70,65% compared to the same month of 2018. The value of submitted applications amounted to PLN 4 446,40 thousand and that is a result lower by 84,53% compared to the same period of the previous year. In December 2019, there were filed 64 loan applications, what in relation to the same month of 2018 is a reduction of 70,37%.
Cumulatively, after twelve months of 2019, Aforti Finance SA granted 176 loans (70,02% less YoY) with total value PLN 23 672,56 thousand and it is a decrease by 60,01% compared to 2018. In the period from January to the end of December 2019, there were filed 1 341 loan applications with total value PLN 195 719,08 thousand. The number of submitted applications was reduced by 64,90%, and their total value by 59,20% 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 December 2019:
In December 2019, Aforti Finance Romania IFN S.A. – an entity operating in Romania – has granted 2 loans to entrepreneurs with the total value of RON 333,84 thousand. At the same time, Romanian entrepreneurs submitted 4 applications last month for a total amount of RON* 1 198,50 thousand.
After twelve months of 2019 year the Company accepted 79 loan applications with a total value of RON 15 094,88 thousand. In this time were granted 13 loans with total value of RON 1 462,43 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 December 2019:
The currency exchange platform’s turnover in December 2019 reached EUR 24 242,21 thousand and was lower by 28,72% compared to the same period of the previous year.
At the same time, after twelve months of the 2019, the turnover reached the level of EUR 421 157,38 thousand, an increase of 56,01% year-on-year.
4) The estimated operational and sales results of Aforti Exchange Romania S.A. for December 2019 :
The value of trading on the currency exchange platform in Romania in December 2019 amounted to EUR 6 672,96 thousand which is a decrease of 33,36% in relation to December 2018.
In the period from January to the end of December 2019, Aforti Exchange Romania S.A. recorded EUR 159 353,87 thousand of the total turnover value, which in comparison to the previous year is an increase of 134,99%.
5) The total estimated operational and sales data of Aforti Exchange for December 2019:
The total value of trading on the currency exchange platforms of Aforti Exchange operated in Poland and in Romania in December 2019 amounted to EUR 30 915,17 thousand, which in comparison to the same period in the previous year means a decrease of 29,78%.
At the same time, cumulatively after twelve months of 2019 the total value of turnover reached the level of EUR 580 511,25 thousand and it increased year-on-year by 71,87%.
6) The estimated operational and sales results of Aforti Collections S.A. for December 2019:
Nominal value of debt collection commissions on December 2019 reached PLN 34 252,89 thousand. This is an increase by 76391,49% YoY. The number of recovery orders amounted to 5 605 and was higher by 11577,08% compared to December 2018.
Cumulatively, after twelve months of 2019, the nominal value of the debt collection orders amounted to PLN 452 061,86 thousand, which is an increase by 2632,54% year-on-year. The number of orders also increased by 1698,65% to 82 900. At the same time, the number of debt recovery agreements concluded after the twelve months of 2019, decreased by 27,14% to 51.
7) The estimated operational and sales results of Aforti Factor S.A. for December 2019:
In December 2019 the value of receivables financed by Aforti Factor S.A. amounted to PLN 2 016,00 thousand and was lower by 5,75% than in the previous year.
Further, after twelve months of 2019, this value reached level of PLN 40729,52 thousand, recording an increase of 49,27% year-on-year.
A table containing estimated additional data, reported for December 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
*RON = Romanian currency