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.

Excellent financial results after Q1 2018 – press information

Over PLN 99.9 million of consolidated net sales revenue and PLN 0.72 million of net profit in the first quarter of 2018 generated by AFORTI Group – 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. The Group’s operational profit in this period amounted to PLN 1.33 million. Thus, only during the first three months of 2018, the companies managed by Klaudiusz Sytek achieved almost half of what was gained in the Group’s record-breaking 2017.

Net revenues of Aforti Group after Q1 2018 – amounting to PLN 99.9 million – are by 200% higher than the revenue in that period of the previous year. At the same time, the Group’s net profit increased by over 92% – from PLN 0.37 million in the first three months of 2017 to PLN 0.72 million gained from January to March 2018.

These excellent financial results were achieved by AFORTI Group thanks to constantly growing demand of 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 provide the Group with a high growth potential in the next quarters of 2018.

Only in Q1 2018:

The value of micro-credit sold by Aforti Finance increased by almost 233% y/y – from
PLN 4.51 million after Q1 2017 to PLN 14.99 million at the end of Q1 2018.

Moreover, Aforti Finance opened its new branches in Opole and Lublin; it started the construction of its own call centre and began the process of going public.

Through the online currency exchange platform Aforti Exchange generated a turnover of over EUR 46 million compared to EUR 15.6 million in Q1 2017.

The dynamics of the exchanged currency YoY value in Q1 2018 compared to Q1 2017 on the Polish platform was 194.45 percent.

At the same time, Aforti Exchange Romania registered on the Romanian platform in Q1 2018 EUR 7.2 million compared to EUR 1.58 million in Q4 2017.

Furthermore, in Q1 2018 the Polish company Aforti Exchange: recorded its highest average daily currency turnover; started cooperation with Alior Bank and introduced a new product SPOT+.

The nominal value of the debt collection orders gained by Aforti Collections in Q1 2018 was over PLN 7.72 million.

Moreover, the company systematically develops its debt collection sales structure.

In Q1 2018, the factoring company Aforti Factor started its operations and the expansion of its sales department.

The debts financed by Aforti Factor amounted in Q1 2018 to PLN 2.93 million.

Klaudiusz Sytek, the President of the Management Board of AFORTI Group, sums up the first quarter of 2018 with satisfaction:

“Our activity in the market of non-bank lending, debt collection and factoring services as well as online currency exchange for companies brings notable financial benefits confirmed by our excellent results for Q1 2018. Pursuant to our development strategy adopted for years 2018-2020, we have very ambitious challenges and plans, such as – entry of Aforti Holding into the WSE main trading floor, going public with another two companies from AFORTI Group, including Aforti Finance, starting the leasing operations, foreign expansion of the online currency exchange platform for companies into at least 7 new countries, including: Czech Republic, Hungary, Croatia, Serbia, Bosnia and Herzegovina, Albania and Macedonia, as well as development of a network of branches and outlets throughout Poland. Effective execution of the business strategy should, in the long run, translate into increased growth potential of AFORTI Group and its value in the following years.”

The dynamic evolution of Aforti Finance also includes introduction of the online submission of applications to be available already in 2018 and establishment of its own call centre that will enable efficient and effective customer service.

On the other hand, Aforti Collections, a company specializing in the management of receivables and debt collection services, predicts for years 2018-2020 the company’s growth through, inter alia, increasing the number of call centre jobs, extending its legal services, as well as expanding its sales network.

At the same time, a significant undertaking of AFORTI in the field of invoice financing – as part of the ongoing technological development – will be the implementation of the online factoring service. The new solution may be available already in 2018.

The significant extension of the portfolio of products and services offered to micro-enterprises, small and medium-sized enterprises by the companies of AFORTI Group will be accompanied by the development of new areas of activity based, inter alia, on the extension of the product portfolio for corporate and investment banking with leasing. To this end, AFORTI is planning to establish a new company within the next 3 years, but the acquisition of an existing entity is also possible.

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.