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AFORTI welcomes autumn of profit growth
Subsidiaries of Aforti Holding S.A. – the parent company of the Capital Group listed on the NewConnect market, providing financial services for the SME sector – presented estimated operating and sales results for September 2018. The group welcomed autumn of profit growth.
From the beginning of this year to the end of September this year. Aforti Finance S.A. granted 437 loans to entrepreneurs (more by 28.91% year on year) with a total value of PLN 45.16 million, which is an increase by 91.03% year-to-year. Furthermore, 2,936 entrepreneurs applied for the loan (an increase of 81.01%), submitting applications for the total amount of over PLN 373.90 million (an increase by 204.61%).
“Three quarters of the year are behind us now. We sustain upward trend. Only in September we’ve granted funding over PLN 4.02 million worth. In addition, 247 new loan applications were received for a total amount of 33.18 million PLN. Thanks to active marketing and communication policy, the brand of AFORTI Finance is becoming more and more recognizable. We can support the activity of an increasing number of Polish entrepreneurs who do not have access to other forms of financing the development of their companies. “- says Klaudiusz Sytek, President of the Board of Directors Aforti Holding S.A.
In September 2018, traders exchanged currencies via online platform operated by Aforti Exchange SA worth almost 21.22 million euros, which means 116.83% more than the year before. During the same period, Aforti Exchange Romania S.A recorded a turnover of approx. 5.80 million euros.
“In terms of sales Aforti Exchange breaks further record levels. In recent months, we have recorded an increase in transactions and the registration of new customers. We expand our structures in Romania, where after 9 months we recorded a turnover of nearly 34.49 million euros. “- says Klaudiusz Sytek, the President of the Board of Directors of Aforti Holding S.A.
Both companies of Aforti Exchange have generated a total turnover of EUR 207.64 million.
In September 2018, Debt collection company Aforti Collections S.A. has recorded PLN 1.17 million of the nominal value of debt collection orders, and together with LifeBelt sp.o.o. (majority shares aquired in August this year), this value amounted to PLN 32.38 million.
In the period from January to the end of September this year, Aforti Collections S.A. has recorded PLN 11.65 million worth of orders. During this period, the company had 2,070 debt collection orders in its portfolio, 697 were newly acquired.
Nine months of this year, the value of LifeBelt orders portfolio amounted to over PLN 318 million, where the number of orders was 70 689 (during this period, 6 new contracts were acquired).
“We are already observing the first positive effects of the first stage of the merger of Aforti Collections and LifeBelt. First of all, the mutual exchange of knowledge and experience, as well as business solutions enabling more efficient portfolio management.”- says Klaudiusz Sytek
Aforti Factor SA operating in the factoring segment, by the end of September 2018, has financed receivables in the amount of PLN 17.8 million.
“According to announcements, the company began to expand its operational structures, but we are still at the beginning of an intensive development path. Each month, the scale of operations is increasing, and we are gradually expanding the Clients’ portfolio. We conduct educational activities constantly, so that some of the Clients are able to assess by themselves, whether they need additional loan, or whether the factoring service will be more appropriate, “says the President of the Board of Directors of Aforti Holding SA.
Sixth edition of the Investor’s Day – Thank you!
Ladies and gentlemen,
We would like to thank you for participating in our Investor’s Day meeting of Aforti Holding SA that have ended in recent days. During sixth edition, we visited seven cities: Warsaw, Rzeszow, Kraków, Katowice, Wroclaw, Poznan and Gdansk. Over two hundred Investors and Bondholders have come to our meetings – thank you for your presence!
The concern for full transparency of our activities as well as good relations with investors and bondholders is one of the main pillars of our activity. We are pleased that we could once again actively present the most important information about the Group’s operations, summarize our financial results and answer all your questions. Investor’s Day is a great opportunity for us to get to know the expectations of investors and bondholders. As a result, it allows us to constantly improve cooperation and to achieve our goals more effectively.
We would also like to thank to the hosts of the meetings, as well as our partner – Pernod Ricard Group, for extremely successful cooperation.
Summary for the first half of 2018 of Aforti Group – Investors.tv
Klaudiusz Sytek, the CEO and Paweł Opoka, Vice President of Aforti Holding S.A. have been interviewed by Agnieszka Zareba about the results of the Aforti Group for the first half of 2018.
We encourage you to watch the interview reffered to very good ratios, double increase in the company’s capitalization, asset growth of PLN 15 million, results of all companies in the Group, launching call center and, furthermore growing factoring market, merger with LifeBelt and full transparency of the Group.21
Interview available under the LINK
Invitation to the Investor’s Day autumn edition
Dear Sir or Madam,
we are extremely pleased to invite you to the sixth edition of the Investor’s Day, an event organized by Aforti Holding S.A. for Investors, Shareholders, Bondholders and all those interested in the Company’s activity.
During the meetings that we have planned in seven cities across Poland, we will familiarize you with the Company’s financial results, tell you about the Group’s presence in the international markets, discuss the new development strategy of the Capital Group, and answer all your questions.
The Wyborowa Pernod Ricard company is the partner of the autumn edition of the Investor’s Day.
Feel free to join us!
Aforti Group buys LifeBelt, a debt collection company
The Aforti Collections company belonging to the Group, dealing with claims management for companies from the SME sector, has acquired 76.9% of shares in LifeBelt, a Lublin company specializing in, among others, mass debt collection at the request of banks, loan companies, telecoms, and other debt collectors.
The merger of the companies – as a result of which it is assumed that the companies are to operate under the shared Aforti Collections brand – will allow the AFORTI Group, first of all, to efficiently transfer the solutions used in mass debt collection to the SME sector serviced by Aforti Collections. As part of extending the proceeds of the AFORTI Group on the domestic debt collection market, Aforti Collections acquired 300 LifeBelt shares with a nominal value of PLN 1,000 each. The transaction value – due to trade secret – has not been disclosed. The legal and operational merger is planned for the fourth quarter of 2018.
After the companies merge, it is the Aforti Collections experts that are to be responsible for the sales processes. In addition, the same experts are to provide debt collection projects services using the potential of the AFORTI Group shared services centre guaranteeing IT support, accounting and HR services, as well as legal and marketing services. Aforti Collections will also develop a common commercial strategy that will take into account the know-how of both entities and their experience in the debt collection sector. LifeBelt, on the other hand, will complement the personnel structures of Aforti Collections by the inclusion of an experienced team of managers, and provide an innovative, original IT system enabling effective debt collection services for large, small and medium-sized entrepreneurs offering B2B services.