- Home
- /
- News
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.
May – yet another month of growth in the Aforti Group
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 May 2018. New records were made.
Aforti Finance S.A. provided 53 loans (an increase by 23.26% y/y) totalling PLN 6.68 million, which constitutes an increase by 93.07% vs. the analogous period in 2017.
In May alone, the turnover on the currency exchange platform generated by Aforti Exchange S.A. totalled EUR 25.63 million and was 272.84% higher y/y. In case of Aforti Exchange Romania, the turnover was EUR 5.57 million.
In May 2018, the nominal value of debt collection orders of Aforti Collections S.A. slightly exceeded PLN 816,000 and decreased by 53.44% year over year.
The youngest of the companies, Aforti Factor SA, operating in the factoring sector, financed last month the receivables exceeding PLN 1.79 million.
From the beginning of the year until May,Aforti Finance S.A.provided entrepreneurs with 273 loans (more by 60.59% y/y) totalling PLN 29.20 million, which is an increase by 181.23% y/y. At the same time, 1,570 entrepreneurs (+98.23%) applied for a loan, submitting their applications for the total amount of PLN 195.27 million (an increase by 300.43%).
“Thanks to an attractive offer, Aforti Finance is one of the top five lending companies in Poland according to the most popular rankings. Our main asset is the speed of verification of applications and decision-making process. Moreover, the upper threshold of our loans is one of the highest in the industry. At the same time, we care for the security and profitability of our businesses, which is why we provide advice to our Customers when we determine after an initial analysis that the liability requested by them may give rise them losing their financial liquidity. In addition to being a lending company, we also want to be a business partner“, says Klaudiusz Sytek, the President of the Management Board of Aforti Holding S.A.
May 2018 was labour-intensive for Aforti Collections S.A. because of commencement of numerous tenders for the purchase of liabilities organised by banks and other financial institutions.
“We’re actively looking for new contracts through participation in tenders for the acquisition of liabilities. However, due to the modification of our business model, we must resign from some tenders already after an initial analysis of the documentation. This happens because the recoverability ratio may be too low”, says Klaudiusz Sytek
Aforti Factor S.A., which conducts operating activities from the beginning of this year, financed debts totalling PLN 6.28 million during the first five months of the year.
“Business factoring is a simple and above all useful service, but many Customers still find it problematic to understand its mechanisms. As a result, we’re conducting intensive educational activities in order to help our Customers imagine and understand the benefits they will obtain through factoring. This is also one of the reasons we are able to increase the position of Aforti Factor as an industry expert”, explains the President of the Management Board of Aforti Holding S.A
Aforti Exchange S.A., which deals with online currency exchange platform, was one of the top companies in terms of turnover volume. Entrepreneurs using the platform concluded currency exchange transactions totalling almost EUR 90.48 million between the beginning of January and the end of May 2018, which is an increase by 230.11% in relation to 2017.
Meanwhile, Aforti Exchange Romania S.A. reported a turnover of EUR 15.72 million in the same period.
“Until the end of May this year, the volume of turnover generated by Aforti Exchange in Poland was as high as in the entire year 2017. This is yet another threshold, another record, which pleases us and motivates to work harder. So we do not rest on our laurels and plan to expand further. We have efficient salesmen at our disposal who know how to respond to the needs of our Customers. And these Customers recommend to each other our currency exchange platform”, says Klaudiusz Sytek, President of the Management Board of Aforti Holding S.A.