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AFORTI Group enhancing the team
AFORTI, a dynamically growing Financial Holding, is not slowing down and focuses no only on the implementation of the Business Strategy for the years 2018-2020, but also on HR development. At the beginning of July 2018, Aforti Holding S.A. and Aforti Finance S.A. – the subsidiaries of the AFORTI Group – welcomed new employees: Piotr Klinowski and Tomasz Kaźmierski who took managerial posts in the Group.
Piotr Klinowski became Director Generale at Aforti Holding. He will be in charge of the investment development of the AFORTI Group, both on the domestic and foreign markets. Mr Klinowski has been dealing with the financial industry for more than 20 years. He deepened his professional experience in companies such as: Bank ING, Deutsche Bank, HSBC, and Vestor Brokerage House. Recently he used to work in brokerage houses as a member of the management board and managing director in charge of sales and sale support areas.
At the beginning of July 2018, Aforti Finance was also joined by Tomasz Kaźmierski who became Vice President. Mr Kaźmierski developed his 16-year career by cooperating with the largest financial companies in Poland, such as Deutsche Bank Poland, in which he worked as the Head of Sales Department, and Capital Service, where he served as the Head of Sales Department and
a Member of the Management Board. As Aforti Finance Vice President, Mr Kaźmierski will continue his work in sales and be responsible for an efficient management of the subordinate structure in Poland and other countries where Aforti Finance carries out, or plans to carry out, its operating activities.
At the beginning of April 2018, the AFORTI Group launched a new strategy for the years
2018-2020. Its major aspects are: entry of Aforti Holding into the WSE main trading floor, going public with two companies from AFORTI Group, starting leasing operations, foreign expansion into at least 7 new countries, as well as development of a network of branches and outlets all across Poland. The Group is also focused on a dynamic growth of its HR while hiring subsequent professionals and experts from the field in order to increase its position on the Polish financial market even more.
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The AFORTI Group is a financial holding that provides lending, debt collection and factoring services for micro-enterprises, small and medium-sized enterprises and manages an online currency exchange platform for companies. In Q1 2018 alone, the Group’s operational profit amounted to PLN 1.33 million. In addition, the net revenue of the Group after Q1 2018 – totalling PLN 99.9 million – is 200% higher than that of the analogous period in the previous year.
These excellent financial results were achieved by AFORTI Group thanks to a constantly growing demand of the SME sector for external financing and professional support in the management of debt collection and factoring processes. Good prospects for the industries in which Aforti Finance, Aforti Exchange, Aforti Collections and Aforti Factor carry out their business activities provide the Group with a high growth potential in the next quarters of 2018.
Grupa Aforti maintained its growth rate in 1H 2018
Subsidiaries of Aforti Holding S.A., the parent undertaking of the Capital Group providing financial services for the SME sector and listed on NewConnect market, presented their estimated operational and sales results for June 2018. Aforti Group maintained its upward trend.
Aforti Finance S.A. provided 35 loans totalling PLN 3.47 million, which constitutes an increase by 1.40% vs. the analogous period in 2017.
The turnover on the currency exchange platform generated in Poland and Romania by companies from the Aforti Exchange Group amounted to EUR 25.6 million and was by 354.73% higher y/y.
In June 2018, the nominal value of debt collection orders of Aforti Collections S.A. slightly slightly exceeded PLN 1.04 million and decreased by 21.15% year over year.
The youngest of the companies, Aforti Factor SA, operating in the factoring sector, financed last month the receivables exceeding PLN 2.47 million.
From the beginning of the year until June, Aforti Finance S.A. provided entrepreneurs with 308 loans (more by 45.28% y/y) totalling PLN 32.67 million, which is an increase by 136.62% y/y. At the same time, 1,970 entrepreneurs (an increase by 100.61%) applied for a loan, submitting their applications for the total amount of over PLN 244 million (an increase by 280.73%).
“One month after another, the financial results recorded by lending businesses are getting better and better. We regularly improve our decision-making processes concerning the provision of a loan or specific stages of Customer service. Moreover, we intensify marketing campaigns, which have already brought about tangible results. We are glad that we one month after another we help more and more entrepreneurs expand their businesses”, says Klaudiusz Sytek, the President of the Management Board of Aforti Holding S.A.
In June 2018, Aforti Collections S.A. continued to search for and obtain new contracts as well as reconstruct its structures.
“In the last months, we were mainly focused on the extension of a new structure of our business. We have made staff changes and proceed with marketing action. In the future we plan to further remodel our commercial department. Thanks to our efforts, we’ve already observed the first results in the form of a 43.75% increase in the number of new contracts. We expect this tendency to continue in the months to come”, says Klaudiusz Sytek
Aforti Factor S.A., which conducts operating activities from the beginning of this year, financed debts totalling PLN 8.76 million during the first six months of the year. At the same time, the company established cooperation with ViVentor – a Latvian peer-to-peer platform.
“The results obtained by Aforti Factor are buoyant and show that we are able to do a lot in a short period of time. A large success was achieved in June when we established and began cooperation with ViVentor. The first weeks of cooperation and a general interest in debt acquisition are very positive, which allows us to think about further cooperation”, summarises President of the Management Board of Aforti Holding S.A.
June 2018 was a successful month for Aforti Exchange S.A., which runs an online currency exchange platform. Entrepreneurs using the platform concluded currency exchange transactions totalling almost EUR 112.12 million between the beginning of January and the end of May 2018, which is an increase by 239.25% in relation to 2017.
Meanwhile, Aforti Exchange Romania S.A. reported an equally impressive turnover of EUR 19.71 million in the same period (almost EUR 4 million more than in the previous month).
“In June this year, Aforti Exchange set other records. The increase in the platform’s revenue is impressive. We’re trying to keep this trend through our marketing campaigns. We are also more and more present in the most trade conferences. Recently we were invited to Fintech World Forum which was held in London. Our presentation aroused a considerable interest of the investors and entrepreneurs taking part in the conference. In June, we also took part in a discussion panel on Fintechs during the FinTech Fair in Wrocław”, says Klaudiusz Sytek, the President of the Management Board of Aforti Holding S.
A good economic situation favours enterprises. Time to accumulate company’s savings!
A good economic situation is favourable, so… it’s time to accumulate savings. How do we do that? We encourage you to read an expert article published on the website “Polska The Times”. Our expert is Paweł Opoka, the Vice President of the Management Board of Aforti Holding.
Thanks to the good economic situation for the last couple of years, as at the end of 2017 Polish companies had in total PLN 275 billion in their bank accounts, which is the best result in the history. Taking into account the very good financial standing of domestic enterprises, it seems legitimate to ask: where can companies accumulate their savings and how can they do that? As
a result of a good economic situation, which is generally observed in all parts of the world, entities carrying out activities in Poland have many reasons to be happy. This is resembled in the data of the Central Statistical Office (GUS): in Q1 2018, net profit was generated by nearly 70% of all enterprises, with as much as 74.9% being recorded the industrial processing sector alone. The situation is similar in the entire years 2017 and 2016 when net profit was recognised by 80.9% and 81.5% of all enterprises, respectively.
Aforti Collections supports Human Resources
Aforti Collections – a company specialised in the management of debts and collection services, being a part of AFORTI Group – supports its Human Resources through its efficient competition on the debt outsourcing market. The Aforti Collections expert team was extended in the middle of June 2018 by Krzysztof Paluch who took up the post of General Manager.
Krzysztof Paluch is an expert in sales procedures and structures as well as negotiation techniques. He has been dealing with the financial industry from the onset of his career by providing services to, among others, an agency cooperating with CITI Bank.
His long-standing managerial experience was gained in companies such as Forum Sprzedaż and Patron Service Sp. z o.o., which is a part of SOLID GROUP, where Krzysztof was in charge of development of the commercial, operating, and logistics structures. Krzysztof Paluch – the new General Manager at Aforti Collections – was also actively involved in the launch of the Swiss brand Alpine Herbs on the pharmaceutical market in Poland. He used to provide expert assistance as part of trainings in sells techniques, product knowledge, and negotiations with difficult customers. Krzysztof Paluch is also an expert in the analysis of group processes and communication-related behaviour. He gained competence in this field during his college years on the University of Social Psychology.
At present, the Aforti Collections HR structures consist of persons responsible for, among others, customer service in debt collection. As part of his duties, Krzysztof Paluch will deal with the coordination and development of areas related to operating activities conducted by the Company.
Aforti Collections is one of the two youngest companies from the AFORTI Group. The market success of the Company is achievable thanks to the approved (as indicated in the Group Strategy for the years 2018-2020) assumptions for an increase in debt collection potential of the Company through, among others, more call centre positions and larger HR structures in the Legal Service Department, as well as the strengthening of internal structures by expanding the Aforti Collections expert team.
Aforti Quarter Summary – an interview for “inwestorzy.tv”
“In terms of revenue, our growth exceeds 200%. In terms of EBI – 235%. As for asset growth, the rate is equal to 130%. Right know we want to keep the current growth rate and pace and at the same time work even harder on business profitability, on higher revenue”, says Klaudiusz Sytek, President of the Management Board of Aforti Holding S.A., in an interview for the “inwestorzy.tv.” website.
Click here to see the interview.