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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.
1000 biggest companies according to Gazeta Finansowa
We are pleased to announce that in the recently published by Gazeta Finansowa report “1000 Biggest Companies”, Aforti Holding was classified at 664th position. The presence in the ranking confirms our settled position in the industry as well as constant development. Our company’s revenues in 2017 amounted to PLN 190,582,000.00.
1000 Biggest companies in Poland – download the report in a PDF format.
Aforti Finance is launching a TV campaign
Aforti Finance S.A. The spot shows an example of a beginning entrepreneur who, thanks to a loan from Aforti Finance, manages to quickly and efficiently develop a company. The promotional spots will be aired on nationwide Polish channels, such as TVP and Polsat, as well as on thematic TVN channels.
Both business and marketing media have been writing widely about our campaign.
We encourage you to read an article about the campaign published in Puls Biznesu. The article is available under the following link.