Over PLN 99.9 million of consolidated net sales revenue and PLN 0.72 million of net profit in the first quarter of 2018 generated by AFORTI Group – a financial holding that provides lending, debt collection and factoring services for micro-enterprises, small and medium-sized enterprises and manages an online currency exchange platform for companies. The Group’s operational profit in this period amounted to PLN 1.33 million. Thus, only during the first three months of 2018, the companies managed by Klaudiusz Sytek achieved almost half of what was gained in the Group’s record-breaking 2017.
Net revenues of Aforti Group after Q1 2018 – amounting to PLN 99.9 million – are by 200% higher than the revenue in that period of the previous year. At the same time, the Group’s net profit increased by over 92% – from PLN 0.37 million in the first three months of 2017 to PLN 0.72 million gained from January to March 2018.
These excellent financial results were achieved by AFORTI Group thanks to constantly growing demand of SME sector for external financing and professional support in the management of debt collection and factoring processes. Good prospects for the industries in which Aforti Finance, Aforti Exchange, Aforti Collections and Aforti Factor carry out their business provide the Group with a high growth potential in the next quarters of 2018.
Only in Q1 2018:
The value of micro-credit sold by Aforti Finance increased by almost 233% y/y – from
PLN 4.51 million after Q1 2017 to PLN 14.99 million at the end of Q1 2018.
Moreover, Aforti Finance opened its new branches in Opole and Lublin; it started the construction of its own call centre and began the process of going public.
Through the online currency exchange platform Aforti Exchange generated a turnover of over EUR 46 million compared to EUR 15.6 million in Q1 2017.
The dynamics of the exchanged currency YoY value in Q1 2018 compared to Q1 2017 on the Polish platform was 194.45 percent.
At the same time, Aforti Exchange Romania registered on the Romanian platform in Q1 2018 EUR 7.2 million compared to EUR 1.58 million in Q4 2017.
Furthermore, in Q1 2018 the Polish company Aforti Exchange: recorded its highest average daily currency turnover; started cooperation with Alior Bank and introduced a new product SPOT+.
The nominal value of the debt collection orders gained by Aforti Collections in Q1 2018 was over PLN 7.72 million.
Moreover, the company systematically develops its debt collection sales structure.
In Q1 2018, the factoring company Aforti Factor started its operations and the expansion of its sales department.
The debts financed by Aforti Factor amounted in Q1 2018 to PLN 2.93 million.
Klaudiusz Sytek, the President of the Management Board of AFORTI Group, sums up the first quarter of 2018 with satisfaction:
“Our activity in the market of non-bank lending, debt collection and factoring services as well as online currency exchange for companies brings notable financial benefits confirmed by our excellent results for Q1 2018. Pursuant to our development strategy adopted for years 2018-2020, we have very ambitious challenges and plans, such as – entry of Aforti Holding into the WSE main trading floor, going public with another two companies from AFORTI Group, including Aforti Finance, starting the leasing operations, foreign expansion of the online currency exchange platform for companies into at least 7 new countries, including: Czech Republic, Hungary, Croatia, Serbia, Bosnia and Herzegovina, Albania and Macedonia, as well as development of a network of branches and outlets throughout Poland. Effective execution of the business strategy should, in the long run, translate into increased growth potential of AFORTI Group and its value in the following years.”
The dynamic evolution of Aforti Finance also includes introduction of the online submission of applications to be available already in 2018 and establishment of its own call centre that will enable efficient and effective customer service.
On the other hand, Aforti Collections, a company specializing in the management of receivables and debt collection services, predicts for years 2018-2020 the company’s growth through, inter alia, increasing the number of call centre jobs, extending its legal services, as well as expanding its sales network.
At the same time, a significant undertaking of AFORTI in the field of invoice financing – as part of the ongoing technological development – will be the implementation of the online factoring service. The new solution may be available already in 2018.
The significant extension of the portfolio of products and services offered to micro-enterprises, small and medium-sized enterprises by the companies of AFORTI Group will be accompanied by the development of new areas of activity based, inter alia, on the extension of the product portfolio for corporate and investment banking with leasing. To this end, AFORTI is planning to establish a new company within the next 3 years, but the acquisition of an existing entity is also possible.