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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.
AFORTI Group has successfully begun the second half of 2018
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.