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Aforti Holding presents its performance for August: a 40% turnover increase at the foreign exchange platform month-over-month and the first tender for a portfolio of receivables the company won
Aforti Holding financial Group reported over PLN 41.9 million of consolidated income in the 2Q 2017. The performance tripled in comparison to analogous period in the previous year. The consolidated net profit of the Group amounted to PLN 424.1 thousand and was by 52% higher than in analogous months in 2016. In the preceding quarter, the Group reached EBIT margin (operating profit) level.
On 23rd August, the Management Board of Aforti Holding informed on the commencement of negotiations concerning entries in term sheet shareholders of an entity operating in the factoring industry. The negotiations relate to an entity which has an established position on the factoring market and aim at stipulating the rules of the take-over, rules for taking over the financing of factoring shares and establishing legal terms and conditions of the transaction.
“The significant increase in the nominal value of debt collection orders in comparison to the previous month is mainly the effect of developing our regional network. In the second half of August we won a tender and acquired our first portfolio of receivables related to unpaid traffic tickets. We are already recording first payments from that portfolio.”, Klaudiusz Sytek informs.
Aforti Collections, a debt recovery company, reported PLN 2.6 million in the nominal value of the orders for debt collection, which is by PLN 1 million more than in July this year. The number of orders acquired reached 1 693. Since the beginning of the year the value of the debt collection orders reached PLN 18.6 million.
“Aforti Exchange reports another turnover record at the platform. In August the figures were over 40% higher than in July this year. We invest in human resources and our team of Regional Sales Directors has 10 members onboard now.”, Klaudiusz Sytek says.
August saw transactions worth EUR 7.7 million concluded at a foreign exchange internet platform operated by Aforti Exchange. This constitutes a significant increase when compared to the figures reached in the corresponding period of 2016 i.e. EUR 3.3 million. In the first half of 2017 the total turnover reached over EUR 46.2 million.
“The development of traditional sales network in Polish cities is an effective strategy. We can observe a substantial growth in the clients’ interest in our financial products. For that very reason we are undertaking steps to develop our team of specialists as we want to verify and process the loan applications in a quicker and more effective manner. This will surely boost our efficiency.”, Klaudiusz Sytek, the President of Aforti holding S.A. explains.
Consistent development in this business area results in a dynamic increase in the number and value of the loan applications filed. Since the beginning of the year the value of the loans granted has reached the amount of PLN 20.5 million and the value of the loan applications filed amounted to PLN 103.9 million.
The figures nearly doubled and tripled, respectively, when compared to the corresponding period of the previous year. Aforti Finance has been consistently implementing its sales policy and working on the development of its network of branches all over Poland. On 1st August a new, seventh already, branch was opened in Poznań. The company has also been focusing on strengthening its staff potential by developing the Credit Risk Analysis Team and Vinificators Team.
In August Aforti Finance, which offers micro-loans for the small and medium-sized enterprises sector, issued loans in the total amount of over PLN 3.3 million, against PLN 323.3 thousand in August 2016. There were 210 applications filed in this period for the total amount of PLN 19.2 million, whereas in August 2016 there were 59 applications filed for the amount of PLN 2.6 million.
Aforti Holding Group, which renders financial services for the SME sector, presented its operational and sales performance for August 2017. In the period, Aforti Finance issued loans worth PLN 3.3 million and the value of the applications filed reached PLN 19.2 million. In August, Aforti Exchange had a turnover of EUR 7.7 million at the foreign exchange platform. Aforti Collections dealt with debt recovery cases worth PLN 2.6 million. Moreover, Aforti Holding announced recently it had commenced negotiations on purchasing an entity operating in the factoring sector.
Aforti Holding recorded nearly 3 times revenue growth in the third quarter of 2017
In the third quarter of 2017 Aforti Holding Group generated 46.5 million in revenues – almost 3 times more than in the same period of the last year. The consolidated net profit of the Group amounted 323 200 Zloty and was 68% higher than in the corresponding month of the last year. In the past quarter the Group has once again achieved operating profitability.
In the third quarter of 2017 Aforti Holding Group generated 46.5 million Zloty consolidated sales revenue. In comparison to the same period of 2016 represents an increase of almost 3 times. Consolidated net profit of the Group amounted to 323 200 Zloty and was 68% higher than in the same period previous year. The Group focused in the past quarter on intensifying its sales activities which resulted in record revenues. In parallel, the Management Board has been working to optimize fixed costs and improve the profitability of the products and services offered. The third quarter of 2017 was the second consecutive one in which the Group achieved operating profitability.
At the end of September, the Group’s assets amounted to 74.2 million Zloty in comparison to 30.7 million Zloty at the end of September 2016.
“The third quarter represents the dynamic development of the Group and the next period in which we had record revenues. Maintaining this positive trend in recent quarters is a confirmation of our business strategy. We are on the good way to achieve durable operating profitability as in the third quarter we generated once again positive operating profit” said Klaudiusz Sytek, CEO of Aforti Holding S.A.
Further dynamic development is visible in the company offering loans to the SME sector – Aforti Finance. In the reported period it granted 9.8 million Zloty loans against 825 thousand Zloty in the third quarter of 2016. In July-September 2017 were submitted 640 loan applications totaling 58.7 million Zloty. In the mentioned period the Management continued to develop the existing sales network as at the end of the quarter there were already 7 sales offices. The company is also expanding its range of products dedicated to small companies. In recent months, marketing efforts have also been done on the Internet aiming to attract more potential borrowers.
Aforti Exchange which operates an online currency exchange platform, reported a 22.9 million euro turnover against 7.9 million euros in the same period of 2016. In the third quarter of this year, more features were introduced on the currency exchange platform and the sales policy focused on small and medium enterprises as the main users of the website www.afortiexchange.pl. In recent months the process of building a sales network in Aforti Exchange Romania S.A.
In the third quarter of this year Aforti Collections, company dealing with debt collection and offering services in corporate finance has raised 6.3 million Zloty worth of cases with almost 2.3 thousand debt collection orders.
AFORTI Holding S. A. is the title sponsor of Start Gniezno
From the 2021 season, the speedway team from Gniezno will use the name AFORTI Start Gniezno!
“This is an important moment because, after 3 seasons of being a strategic sponsor, AFORTI appears in the name of the Start Gniezno club” – said Klaudiusz Sytek, president of AFORTI Holding S. A., during a video conference with Bartosz Kapczyński, the club’s marketing director. Business talks lasted very shortly, because as Bartosz Kapczyński emphasized: “For me, for Start Gniezno, the AFORTI Group is a very reliable partner. These are the years of cooperation that I appreciate very much.”
The president of AFORTI Holding S. A. also developed the topic of cooperation with the club from Wielkopolska, plans for the future, and the financial situation of the AFORTI Group.
We invite you to see the entire material!
Aforti Holding S.A. BLOG
We are pleased to inform that we have launched Aforti Holding S.A. blog. The blog entries are posted for entrepreneurs as they refer to issues which are significant for the SME sector. We encourage You to monitor the daily Market Guide where the most important events on the Polish and international financial markets can be found.
Follow the blog at: http://blog.aforti.pl/
Aforti Holding S.A. cooperates with KKS Lech Poznań Sports Club
The Presidents of Aforti Holding S.A. and KKS Lech Poznań were pleased to initiate mutual cooperation. New official T-shirts for Lech Poznań players with the logo of their Strategic Sponsor, i.e. AFORTI, which are to be used in the 2017/2018 season, were presented during the conference.
“I would like to thank you for the honour of being the sponsor for Lech. We have been cooperating since last year. Until present we were the premium sponsor and our logo was placed on the players’ shorts. At that point we were already eager to extend the cooperation. We got to know Lech from the business perspective, we also got to know the management of the club, and the sales department team. We know well what we can count on and what kind of profits can be expected from the cooperation. When the possibility of expanding the cooperation appeared, we started the talks. Similarly to the club president, I wish to thank my employees from the marketing department. Thank You for Your work during the negotiations of the terms of the agreement. When performing the agreement, we would like to cooperate with the football fans. They are very important to us. You could see the flag on the pitch turf which we wish to hand over to the fans. I believe they will use it well when cheering their team during matches.” said Klaudiusz Sytek, the President of the Management Board for Aforti Holding SA.
“Lech Poznań is developing very dynamically. The fact we are here today with Mr Sytek proves this development. A year ago we found a sponsor and our effective cooperation was the reason why we convinced him to become our strategic sponsor. I would like to thank our sales department team. This year of work helped us win the sponsor’s trust. The new sponsor offered very good financial conditions and we signed a three-year agreement. I am very pleased. I pin my hopes on performing the said agreement. Mr Sytek, welcome onboard and good luck! I am very content that Lech brand strength is growing and we acquire more and more business partners each year.”, said Karol Klimczak, the President of the Management Board for KKS Lech Poznań.
We cordially invite You to watch the press conference which took place today at 12:30 p.m. in the Presidential Lounge of the INEA Stadium. Watch here