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Change in the legal form of subsidiary – Aforti Exchange
The Management Board of Aforti Holding S.A. informs that on 20 February 2018 Aforti Exchange changed its legal form and – after transformation from a limited liability company – it acquired the status of a joint stock company.
AFORTI – a strategic sponsor of GTM Start Gniezno speedway club and a titular sponsor of Junior team!
GTM Start Gniezno speedway club found a new strategic sponsor. In the current season this title will belong to AFORTI – a financial group offering non-bank loans, debt collection services and factoring for companies from the SME sector and running the Internet currency exchange platform. At the same time, Aforti became a titular sponsor of a junior team of GTM Start Gniezno. Both agreements have been signed for a year, with an option of their extension for future seasons.
The agreement with GTM Start Gniezno is another project related to sports sponsorship, implemented by the Aforti Group. As of July 2017 the financial holding has been the strategic sponsor of Lech Poznań. A three-year agreement was a continuation of a prior, successful cooperation between “Kolejorz” and Aforti – which was the premium sponsor of the club from Poznań already in the season 2016/2017.
AFORTI’s logo – placed on sleeves, legs and body – will appear on new suits and hems of GTM Start Gniezno motorcycles as early as on 7-8 April 2018 during the first round of the season with the participation of sportsmen of Gniezno speedway club, taking place as part of the 1st Speedway League.
Klaudiusz Sytek, President of the Aforti Group expresses his satisfaction – “Cooperation with GTM Start Gniezno and, at the same time, the possibility to co-create the club with many years of speedway tradition, gives us great satisfaction. We hope that 2018 will prove extremely successful for our sportsmen, and that teams supported by AFORTI will achieve another successes in speedway.”
“We are glad that we obtained a new strategic sponsor for our club. The presence of the Aforti Group and the beginning of our cooperation is an important step towards further professionalisation of GTM Start. We will introduce together new ideas, complete new tasks and obtain subsequent partners. We are pleased that the positive effects are already visible” – summarises Tomasz Wojciechowski, President of GTM Start Gniezno.
Schedule of the 1st Speedway League for the season 2018 is available here.
The sponsoring activity of AFORTI is an announcement of a #afortiSupPORT project implemented by the Group, as part of which the financial holding will support sports clubs in Poland and abroad. AFORTI will focus on disciplines which provide great sport emotions to the audience, at the same time, going beyond the list of standard and popular sports. The strategic sponsor of GTM Start Gniezno and Lech Poznań will focus on niche but spectacular disciplines.
Klaudiusz Sytek, President of the Aforti Group emphasises that “Involvement of AFORTI in sponsorship of sports clubs is a broader strategy which we will precisely pursue in the period of at least next few years. The rule is that the most popular disciplines determine a direction to this type of activities, but AFORTI adopted a slightly distinct strategy. For us a determinant is not directly marketing, but rather unusual emotions and a rush of adrenaline, delivered by a given sport. We are interested, which is less obvious, in non-standard sports which may even appear extreme. Different countries, different places, different sports and one leading theme #afortiSupPORT.”
At the same time, AFORTI will be the initiator of an original project #afortiMocnyStart, whose leading idea is to support youth sport teams, as well as individual young sportsmen, talented and committed to achieve successes, excelling not only in terms of their potential, but also a kind of sports they practice.
“There will be no sport achievements, unless we invest in young sportsmen. Successes of sportsmen are the results of years of hard work, therefore it is so important to prepare them to a professional carrier from the moment they start their adventure with sport. We want to have our share in it, therefore as part of our sport sponsorship strategy we have planned a young sportsmen support programme, which we plan to implement under the banner of #afortiMocnyStart. The main assumption will be sponsporing of youth teams as we have already done in the case of GTM Start Gniezno Juniors” – adds Paweł Opoka, sales manager of AFORTI Holding.
The #afortiSupPORT#afortiMocnyStart programmes will be officially launched in 2018 – according to the announcement of the AFORTI Group.
Good results of the AFORTI Group after the first month of 2018.
Subsidiaries of Aforti Holding S.A., a parent entity of the Group, quoted on the NewConnect market, providing financial services for the SME sector, presented estimated operational-sales results for January 2018.
During this period the value loans for small and medium enterprises granted by Aforti Finance S.A. amounted to ca. PLN 4.48 million, which means a YOY increase by 262.40 percent. A solid result was also achieved by Aforti Exchange on the currency exchange platform. The value of turnover in Poland in January reached PLN 12.29 million (increase by 98.45%).
For other two pillars of the Aforti Group: a company from the debt collection sector – Aforti Collections S.A. – and a company offering factoring services – Aforti Factor S.A., January 2018 was the first month of the first full financial year of their operations.
In January Aforti Finance S.A. granted 56 loans to entrepreneurs, who submitted 277 applications.
“We record a constant and stable increase in the number of submitted loan applications in the sector of entrepreneurs. In January 2018 the number of these applications was more than 158% higher. Demand of entrepreneurs for financial measures also significantly increased, since the value of applications increased in the last month by more than 511% as compared with the previous year. These numbers show that Aforti Finance and institutions similar to us are needed. Entrepreneurs who develop very dynamically, yet still do not meet all criteria of the bank, or operate in blacklisted industries like construction or transport, are often seeking our support. These companies are paying their liabilities without any problems” – says Klaudiusz Sytek, President of the Board of AFORTI Holding S.A.
A significant value of debt collection orders was recorded by Aforti Collections S.A., a company dealing with debt collection and management of liabilities.
“The nominal value of orders of Aforti Collections in January this year amounted to more than PLN 1.3 million, which is a lower result as compared to the previous year, due to remodelling of the structure of our portfolio of orders. At the moment, we focus on orders which have the actual degree of recoverability. However, it is worth noting that in the last period we signed a similar number of agreements as the year before” – says Klaudiusz Sytek
Another company of the Aforti Group, taking its first steps in the factoring sector in January this year, financed in January 2018 liabilities worth nearly PLN 536 thousand. According to the market data, in 2017 factoring services were used by 13.2% more entrepreneurs than the year before.
“In my opinion, factoring is a tool which Polish entrepreneurs are more and more often looking for, though they often do not cannot name this service. Payment backlogs are a serious problem in our economy, often leading a perspective business to the loss of financial liquidity. For this reason, this market will be increasing at a stable pace” – comments President of the Board of AFORTI Holding S.A.
Beginning of the year was successful also for Aforti Exchange S.A., which runs the online currency exchange platform for entrepreneurs. Polish entrepreneurs concluded currency exchange transactions worth nearly EUR 12.3 million, while on the second market of the company in Romania this value amounted to more than EUR 892,000.
“According to forecasts of currency analysts, EUR and USD should soon start to rise. The appreciating trend should be fostered by an increase in interest rates in the USA, as well as economic slowdown in China. In this situation Polish entrepreneurs will constantly seek platforms ensuring exchange of currency at a favourable exchange rate. Aforti Exchange will surely be one of companies offering such a possibility” – summarises Klaudiusz Sytek, President of the Board of AFORTI Holding S.A.
AFORTI Group was awarded a distinction by the Institute of European Business in the 10th edition of the “Effective Company” Competition 2017
AFORTI Group was awarded a distinction by the Institute of European Business in the 10th edition of the “Effective Company” Competition 2017. The European Company, a magazine for entrepreneurs, took the opportunity to publish an article about AFORTI Group.
Read AFORTI Group’s Newsletter for January 2018
AFORTI Group stepped into the new year with promising forecasts.
These are based upon the events which took place in the last months of 2017, namely, launching the factoring business and establishing Aforti Exchange Romania.
The dynamic development in the first months of 2018 will be certainly fostered by the expansion of sales network of Aforti Finanse and the commencement of sales-operational activity by Aforti Exchange Bulgaria.
The newsletter contains results reached by particular subsidiary companies in December, and additionally You will be able to read the news for the entire AFORTI Group.