Subsidiaries of Aforti Holding S.A., the Capital Group parent company listed on the NewConnect market, providing financial services for the SME sector, have presented their estimated operational and sales results for July 2018. The Aforti Group has successfully begun the second half of the year.
From the beginning of the year to the end of July, Aforti Finance S.A. provided entrepreneurs with 347 loans (increase by 35.55% year-on-year) totalling PLN 36.05m, which means an increase by 109.09% year-on-year. Whereas, 2,347 entrepreneurs (increase by 100.61%) submitting applications for the total amount of over PLN 293.97m (increase by 246.70%) applied for a loan.
“In July, we launched a television advertising campaign. We noted a significant increase in the number of loan applications already after the first month. We have also observed a significant demand of domestic entrepreneurs for quick access to development capital. I can certainly say that the non-bank loan market will continue to grow due to invariably high costs of conducting business activity, associated with employee retention, production, taxes, and social claims,” says Klaudiusz Sytek, President of Aforti Holding S.A. Management Board.
In the last months, Aforti Exchange S.A., which runs an online currency exchange platform, has been breaking further records. From the beginning of 2018, Polish customers of the Company have made exchange transactions amounting to over EUR 131.15m, which is an increase by 240.66% vs 2017.
Aforti Exchange Romania S.A., on the other hand, has recorded a turnover of EUR 24.68m in the same period.
“The turnover of Aforti Exchange both in Poland and in Romania has been growing from month to month. We’ve been constantly acquiring new Customers. Currently, we focus on presenting our activity on the Romanian market from a broader perspective by conducting activities associated with, among others, the presence of our brand in Romanian media,” says Klaudiusz Sytek, President of Aforti Holding S.A. Management Board.
At the end of July, the Aforti Collections S.A. debt collection company had 1,355 orders in its portfolio, the total nominal value of which amounted to PLN 10.12m and was by 36.83% lower vs the previous year.
“In July, we acquired another 8 significant orders. We also decided to remodify our internal structure in order to increase the efficiency of our activities. It should be kept in mind that in accordance with what we communicated at the beginning of the year, our policy associated with the acceptance of orders has been changed, therefore, for a certain period of time, the year-on-year results will still show a downward trend. Shortly, this trend shall change,” says Klaudiusz Sytek.
By the end of July 2018, Aforti Factor S.A., the youngest yet rapidly developing company from the Group, operating in the factoring segment, financed claims worth nearly PLN 10.86m.
“We are gradually increasing the scale of our activities, among others through educational activities which are an added value for our Customers and contribute to the popularization of the service among the entrepreneurs as an alternative to other services associated with financial support for companies from the SME sector. The factoring market is growing dynamically – already over 15,000 companies use this service, seeing this as an opportunity to secure an adequate level of financial liquidity and treating the service as a favourable circumstance to invest in the development of their businesses,” says the President of Aforti Holding S.A. Management Board.