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Aforti sponsors an Olympian!
We are pleased to inform you that we joined the Team that supports an Olympian – Kacper Majchrzak. Kacper Majchrzak represented our country twice: at the Olympic Games in Rio De Janeiro 2016 and in London 2012. Aforti will assist and support the young swimmer in his preparations for the next Olympic Games in Tokyo. We support the dreams of reaching higher! #AfortiSupPORT
Invitation to the Investor’s Day
Dear Sir or Madam,
we are extremely pleased to invite you to the fifth edition of the Investor’s Day organized by Aforti Holding S.A. for Investors, Shareholders, Bondholders and all persons interested in the Company’s activity.
During the meetings that we planned in six cities around Poland, we will show you the Company’s financial results and tell you about the Group’s presence in the international markets and introduce the new development strategy of the Capital Group, and also answer your questions.
Feel invited!
Aforti Group grows in the spring
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 April 2018. The spring saw additional increases for Aforti Group.
Aforti Finance S.A. provided 57 credits (increase by 67.65% y/y) of the total value of PLN 22.52 million, which constitutes an increase by 225.31% vs. the same period of 2017.
The turnover on the currency exchange platform of Aforti Exchange S.A. amounted to EUR 18.56 million and was by 279.37% higher y/y. In case of Aforti Exchange Romania, the turnover was EUR 2.88 million.
In April 2018, the nominal value of debt collection orders of Aforti Collections S.A. slightly exceeded PLN 77,000 and was comparable to the result of the last year.
The youngest of the companies, Aforti Factor SA, operating in the factoring sector, financed the receivables worth of over PLN 1.55 million last month.
From the beginning of the year to the end of April,
Aforti Finance S.A.
provided entrepreneurs with 220 credits (more by 73.23% y/y) of the total value of PLN 22.52 million, an increase by 225.31% y/y. At the same time, 1,247 entrepreneurs (+106.46%) applied for a loan, submitting their applications for the total amount of PLN 147.68 million (increase by 340.29%).
“Every month we have more and more Clients interested in cooperation with Aforti Finance. The latest market research shows that 41 percent of entrepreneurs regard non-bank credits as
a beneficial solution for SMEs. Our experience indicates that construction, transport, logistics and trade are the most capital-intensive industries. Entrepreneurs from these branches are not always able to maintain continuity of orders, which means that they can have temporary problems with liquidity, retention of employees and fulfilment of current commitments. Therefore, services provided by Aforti Finance gain more and more popularity” – says Klaudiusz Sytek, the President of the Management Board of Aforti Holding S.A.
In April 2018,
Aforti Collections S.A.
focused on activities related to recovery of claims in the Company’s portfolio. “I can say that April was the best month to date as far as recovered claims are concerned. The Company’s accounts were credited with repayments worth of 3 times more than the average of the last year” – says Klaudiusz Sytek.
Aforti Factor S.A.,
one of the youngest companies in Aforti Group, financed debts in the amount of PLN 4.49 million between January and the end of April this year.
“Our factoring company is growing successfully. Apart from operational activities, also additional marketing activities are implemented in order to help attract new Clients and to educate entrepreneurs about factoring. Bearing in mind that, according to the data of the Polish Factors Association, in Q1 2018 factoring services were provided to 14% more entrepreneurs than last year, our share in the market should grow dynamically” – commented the President of the Management Board of Aforti Holding S.A.
The period between January and the end of April was closed with good results also by
Aforti Exchange S.A.,
a company that runs an online currency exchange platform through which the Polish entrepreneurs made exchange transactions worth of almost EUR 64.67 million, an increase by 214.99 percent vs. 2017. Meanwhile,
Aforti Exchange Romania S.A.
reported the turnover of EUR 10.09 million in the same period.
“The brand Aforti Exchange becomes more and more popular. We can effectively attract new Clients to us and to our platform, mainly thanks to the extraordinary convenience, and most of all, cost effectiveness of this tool. We also make sure that exchange rates are competitive with banks and other currency exchange bureaus. In our view, other important aspects are flexibility and personalized customer approach, which we consistently implement” – sums up Klaudiusz Sytek, the President of the Management Board of Aforti Holding S.A.
Interview for the portal Inwestorzy.tv
Early this month, during the official press conference, we announced the latest strategy of Aforti Group for years 2018-2020. Still on the same day, the President of the Management Board of Aforti Holding S.A. – Klaudiusz Sytek, together with Paweł Opoka – Sales Director at Aforti Holding S.A, gave an interview to the portal Inwestorzy.tv. They explained what lies beneath the new strategy, what changes it introduces and when the Group will move from NewConnect to the main floor. Watch and listen to the whole interview conducted by Agnieszka Zaręba, a journalist of the portal Inwestorzy.tv.
Interview – the new strategy of Aforti Group for years 2018-2020.
Aforti Holding sold shares of Aforti Finance for PLN 6.9 million on the basis of private placements
Aforti Holding – a company that has been listed on NewConnect since August 2011 and offers lending, debt collection and factoring services to SMEs and manages an online currency exchange platform for companies – sold 1,334,872 shares of a subsidiary company of Aforti Finance for PLN 6.9 million on the basis of private placements.
The selling price of a single share was PLN 5.20, therefore Aforti Finance was priced at PLN 57.2 million. Prior to the transaction, Aforti Holding held 9,262,632 shares of its subsidiary Aforti Finance, which constituted 84.21 percent of its share capital, and now it controls 72.07 percent of the capital. Aforti Finance’s entry on New Connect is planned in the middle of 2018.
Aforti Finance’s activity on the capital market is an element of the Aforti Group’s strategy for years 2018-2020, which includes – besides the Aforti Holding’s entry onto the main trading floor of the Warsaw Stock Exchange at the turn of 2018 and 2019, and the debut of Aforti Finance on New Connect – also the fintech company Aforti Exchange going public in the international market.
The online currency exchange platform for companies, managed by AFORTI Group, is currently available in the Polish and Romanian markets, and soon the company will start its operational activity in Bulgaria. Another step in its development will be the currency exchange bureau’s international expansion to at least 7 more countries, i.e. Czech Republic, Hungary, Croatia, Serbia, Bosnia and Herzegovina, Albania and Macedonia. Finally – within the next few years – at locations in which Aforti Exchange will start its business activity, the plans also include the international development of Aforti Finance, specializing in the non-bank financing of SMEs. From 2016 to the end of Q1 2018, the value of credits granted to entrepreneurs by Aforti Finance reached almost PLN 55 million.
“The excellent standing of Aforti Finance in the domestic lending market, and therefore its strong financial position, makes this moment perfect to go public. The valuation of shares – sold on the basis of private placements for PLN 5.2 per share – confirms that the decision to introduce them to trading in the Alternative Trading System on NewConnect already in 2018 will enable a diversification of sources of funding, and thus allocation of a part of assets obtained to further dynamic growth of Aforti Finance in Poland and abroad. Importantly – the Aforti Holding’s strategy clearly and prominently assumes that sale of shares of Aforti Finance and potentially of other subsidiaries, will be carried out only to such an extent that will not result in the loss of control and the dominant position of Aforti Holding among subsidiaries” – stresses Klaudiusz Sytek, the President of the Management Board of Aforti Holding.
In 2018/2019, the Aforti Group – in reference to Aforti Finance – plans, inter alia, the introduction of online submission of applications and establishment of its own call centre that will enable efficient and effective customer service.
In 2017, the amount of loans granted by Aforti Finance to micro, small and medium-sized enterprises was nearly PLN 36.23 million, with 465 positively reviewed applications (of 2,317 applications submitted in the period for the total amount of over PLN 191 million).
Thus, Aforti Finance recorded over 867 percent increase in the value of financial support provided to enterprises, with the quantitative increase by 347 percent in respect of the number of successful applications.