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CR ESPI 28/2022 The estimated operating and sales data for the AFORTI Capital Group – October 2022
The Management Board of AFORTI Holding S.A. based in Warsaw (hereinafter: “Company”, “Issuer”) hereby publishes the estimated operating and sales figures of the AFORTI Capital Group for October 2022.
1) Currency exchange on online platforms
The trading value on the currency exchange platform in October 2022 amounted to approximately PLN 597.94 million and was 29.04 % higher compared to the same period of the previous year.
On a cumulative basis, after ten months of 2022, the total value of trading on the foreign exchange platform reached approximately PLN 4 519.33 million, representing a year-on-year increase of 16.43 %.
2) Recovery orders
The nominal value of recovery orders in October 2022 amounted to approximately PLN 48.56 million and was 87.05 % higher year-on-year.
On a cumulative basis, after ten months of 2022, the nominal value of collection orders reached approximately PLN 854.21 million, registering a year-on-year increase of 41.98 %.
3) Debt claims financed
In October 2022, the value of financed receivables by AFORTI Factor amounted to approximately PLN 0.62 million and was up 63.70% year-on-year.
On a cumulative basis, after ten months of the current year AFORTI Factor financed a total of approx. PLN 3.84 million of receivables, recording a reduction of 54.43 % year-on-year.
4) Total sales
In October 2022, total sales in the AFORTI Group amounted to approximately EUR 154.28 million, up 44.89 % year-on-year.
On a cumulative basis, after ten months of 2022, the total value of sales in the AFORTI Group reached approximately EUR 1 282,04 million, an increase of 30.10 % year-on-year.
5) Total number of customers
In October 2022, the total number of customers in the AFORTI Group was 7.254 and was 11.16 % higher than in the same period of the previous year.
A table containing the reported estimates for October 2022 together with comparative data is attached to this current report.
CR ESPI 27/2022 Acquisition of shares in Aforti Finance S.A. as part of a private subscription
The Management Board of Aforti Holding S.A. with its registered office in Warsaw (hereinafter: the “Company”, “Issuer”) hereby announces to the public regarding the acquisition by the Issuer of 10,884,311 series N shares of the Issuer’s subsidiary – Aforti Finance S.A. on October 6, 2022
Issue of shares in Aforti Finance S.A. had the nature of a private subscription and followed pursuant to article 431 § 1, § 2 point 1), § 3a, § 6 and § 7, article 432, article 433 § 1 and 2, article 430 § 1 and 5 and in connection with article 310 § 2 of the Commercial Companies Code.
The issue of Series N Shares took place on September 30, 2022. Extraordinary General Meeting of Shareholders of Aforti Finance S.A. adopted a resolution on the issue of ordinary bearer shares in the number of up to 12,000,000 (twelve million) series N shares with a nominal value of PLN 1.00 (one zloty) each and an issue price of PLN 8 (eight zlotys) per share. The shares were covered by a non-cash contribution in the form of 25,112,827 shares in Aforti Factor S.A.
The purpose of the above transaction is the implementation of the adopted strategy, including building the most transparent business structure possible and the full concentration of resources on the dynamics of the development of services offered by the Issuer’s Capital Group. The intensification of the Company’s activities is aimed at a significant expansion of the business scale of the Issuer’s subsidiaries in the area of debt collection, factoring, currency exchange, and the EMI project.
CR ESPI 26/2022 The estimated operating and sales data for the AFORTI Capital Group – September 2022
The Management Board of AFORTI Holding S.A. based in Warsaw (hereinafter: “Company”, “Issuer”) hereby publishes the estimated operating and sales figures of the AFORTI Capital Group for September 2022.
1) Currency exchange on online platforms
The trading value on the currency exchange platform in September 2022 amounted to approximately PLN 542.45 million and was 1.96 % higher compared to the same period of the previous year.
On a cumulative basis, after nine months of 2022, the total value of trading on the foreign exchange platform reached approximately PLN 3 921.39 million, representing a year-on-year increase of 14.42%.
2) Recovery orders
The nominal value of recovery orders in September 2022 amounted to approximately PLN 86.13 million and was 6,97 % lower year-on-year.
On a cumulative basis, after nine months of 2022, the nominal value of collection orders reached approximately PLN 805.58 million, registering a year-on-year increase of 39.94 %.
3) Debt claims financed
In September 2022, the value of financed receivables by AFORTI Factor amounted to approximately PLN 0.53 million and was up 102.63% year-on-year.
On a cumulative basis, after nine months of the current year AFORTI Factor financed a total of approx. PLN 3.22 million of receivables, recording a reduction of 60.00 % year-on-year.
4) Total sales
In September 2022, total sales in the AFORTI Group amounted to approximately EUR 149.99 million, up 9.50 % year-on-year.
On a cumulative basis, after nine months of 2022, the total value of sales in the AFORTI Group reached approximately EUR 1 127,74 million, an increase of 28.31 % year-on-year.
5) Total number of customers
In September 2022, the total number of customers in the AFORTI Group was 7.186 and was 10.84 % higher than in the same period of the previous year.
A table containing the reported estimates for September 2022 together with comparative data is attached to this current report.
CR ESPI 25/2022 Activities related to the implementation of the Issuer’s strategy
The Management Board of Aforti Holding S.A., headquartered in Warsaw (hereinafter: “the Company”, “the Issuer”) informs that on September 20, 2022, it decided to postpone further activities related to the implementation of the Issuer’s strategy in the area of asset management business development to 2023. The decision was made after the Issuer analyzed its organizational capabilities and prospects for further development of the Issuer’s Capital Group, particularly those resulting from the active development of the EMI project, as well as the dynamic development of activities in the area of debt collection and foreign exchange.
The organizational, technological, and legal solutions held by the Issuer’s Capital Group, including the obtained notification allowing for cross-border operations in all 29 countries of the European Economic Area (about which the Issuer informed in the current report ESPI No. 64/2021 of December 23, 2021) enable the development of activities currency exchange platforms and the EMI project, providing services to small and medium-sized enterprises. The decision to postpone activities related to the development of the asset management area to the next year is also a result of the great interest of potential clients in the debt collection and currency exchange offer. In order to optimally use its resources, the Issuer made the above decision, which will allow it to focus on the development of services currently offered by the Issuer’s Capital Group. The purpose of such activities is to rapidly increase the scale of business conducted by the Issuer’s subsidiaries in the markets of factoring, debt collection, currency exchange, and the EMI project.
In connection with the above, the Issuer will immediately proceed to renegotiate the agreements concluded with Alpine Limited related to the purchase of shares in Mori Capital Management Limited, that the Issuer informed in the current report ESPI No. 20/2022.
The Issuer will inform about further stages of strategy implementation in relevant current reports.
Legal basis: Article 17 paragraph 1 of the MAR – confidential information
CR ESPI 24/2022 Correction of the current report ESPI 23/2022 concerning the operational and sales estimates of the AFORTI Group – August 2022.
Management Board of AFORTI Holding S.A. with its registered office in Warsaw (hereinafter: the “Company” “Issuer”) hereby announces to the public the correction of the current report ESPI 23/2022 regarding the estimated operating and sales data of the AFORTI Group for August 2022. The writing error occurred in the content of the ESPI current report 23/2022, in sections 1), 2), and 4) regarding estimated financial data in the field of currency exchange, debt collection orders, and total sales of the AFORTI Capital Group, as well as in Annex 1 to the current report ESPI 23/2022 in the tables on Aforti Exchange, Aforti Collections and the AFORTI Capital Group. Other information remained unchanged. Below we present the content of the report after taking into account the correction:
1) Currency exchange on online platforms
The trading value on the currency exchange platform in August 2022 amounted to approximately PLN 477.16 million and was 21.90 % higher compared to the same period of the previous year.
On a cumulative basis, after eight months of 2022, the total value of trading on the foreign exchange platform reached approximately PLN 3 378.94 million, representing a year-on-year increase of 19.16%.
2) Recovery orders
The nominal value of recovery orders in August 2022 amounted to approximately PLN 105.77 million and was 149.71 % higher year-on-year.
On a cumulative basis, after eight months of 2022, the nominal value of collection orders reached approximately PLN 719.32 million, registering a year-on-year increase of 48.91 %.
3) Debt claims financed
In August 2022, the value of financed receivables by AFORTI Factor amounted to approximately PLN 0.21 million and was down 28.68% year-on-year.
On a cumulative basis, after eight months of the current year AFORTI Factor financed a total of approx. PLN 2.69 million of receivables, recording a reduction of 65.43 % year-on-year.
4) Total sales
In August 2022, total sales in the AFORTI Group amounted to approximately EUR 139.03 million, up 44.19 % year-on-year.
On a cumulative basis, after eight months of 2022, the total value of sales in the AFORTI Group reached approximately EUR 977.72 million, an increase of 31.78 % year-on-year.
5) Total number of customers
In August 2022, the total number of customers in the AFORTI Group was 7.137 and was 10.87 % higher than in the same period of the previous year.
A table containing the reported estimates for August 2022 together with comparative data is attached to this current report.