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CR ESPI 2/2022 – The estimated operating and sales data for the AFORTI Capital Group – December 2021
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 December 2021.
1) Currency exchange on online platforms
The trading value on the currency exchange platform in December 2021 was approximately PLN 470.05 million, an increase of 13.21% year-on-year.
On a cumulative basis, after twelve months of 2021, the total turnover value on the foreign exchange platform reached approximately PLN 4,876.30 million, an increase of 119.95% year-on-year.
2) Recovery orders
The nominal value of collection orders in December 2021 amounted to approximately PLN 46.96 million and was 45.13 % higher year-on-year.
Cumulatively, after twelve months of 2021, the nominal value of collection orders reached approximately PLN 749.95 million, up 10.82 % year-on-year.
3) Debt claims financed
In December 2021, the value of financed receivables by AFORTI Factor amounted to approximately PLN 0.55 million and was 52.66 % lower than in the same period of the previous year.
In cumulative terms, after twelve months of the current year AFORTI Factor financed a total of approximately PLN 9.35 million of receivables, recording a reduction of 66.75% year-on-year.
4) Total sales
In December 2021, total sales in the AFORTI Group amounted to approximately EUR 113.52 million, an increase of 15.88% year-on-year.
Cumulatively, after twelve months of 2021, total sales in the AFORTI Group reached approximately EUR 1 241.34 million, an increase of 91.30 % year-on-year.
5) Total number of customers
In December 2021, the total number of customers in the AFORTI Capital Group was 6,635.
A table containing the reported estimates for December 2021 together with comparative data is attached to this current report.
Legal basis: Article 17 paragraph 1 of the MAR – confidential information
CR ESPI 2/2023 Resigning from publication of financial results forecasts for 2023 year
The Management Board of Aforti Holding SA with its registered office in Warsaw (hereinafter: “the Company”, “the Issuer”) hereby announces, that it has decided not to publish the forecasts of financial results of the Company for the year 2023 nor for any of its periods.
In the opinion of the Management Board of the Company, the dynamically growing scale of the Issuer’s activity and external factors related to its market environment limit the ability to precisely determine the forecast of the Issuer’s financial result. Considering the above, the publication of financial forecasts would be too risky and could mislead investors.
CR ESPI 20/2020 – The estimated operating and sales data for the Aforti Group – April 2020
The board of Aforti Holding S.A. (“the Company”, “the Issuer”) with its registered seat in Warsaw, hereby announces to the public the estimated operating and sales data of the Aforti Group for April 2020.
1) Loans for entrepreneurs
In April 2020, Aforti Finance did not grant any loans in Poland or Romania, which is a decrease of 100% for the same month in 2019. The value of submitted applications amounted to PLN 6,945,240.20, a result lower by 67.89% compared to the same period of the previous year.
Cumulatively, at the end of April 2020, the total value of loans granted to entrepreneurs in the country and abroad amounted to PLN 2 219 968.85, that is 100 percent less than last year. At the same time, the total value of loan applications also decreased by 67% up to level PLN 28 909 907.05
2) Currency exchange on online platforms
The total value of turnover on the currency exchange platform in Poland and Romania in April 2020 was PLN 94,329,519.24 and was lower by 58.47% compared to the same period of the previous year.
After four months of current year, the total value of turnover on the domestic and abroad currency exchange platform reached PLN 402 809 377.18, which means a reduction of 50,74%. YoY.
3) Collection orders
The nominal value of recovery orders in April 2020 was PLN 68 171 856.59. This represents an increase of 88.06% year-on-year. The number of recovery orders amounted to 14,588 and was 63.74% higher than in April 2019.
In increasing terms, after four months of 2020, the nominal value of debt recovery orders reached PLN 189 320 459.29, which means an increase by 33,81 percent. At the same time, there was an increase of 68,68 percent on number of orders up to 44 849.
4) Financed claims
In April 2020, the value of receivables financed by Aforti Factor 3,444,389.01 and was 101.34% higher than a year ago.
Cumulatively, after three months of this year, Aforti Factor financed PLN 11 768 512.15 of a total receivables, recording a reduction of 2,14 percent in relation to the previous year.
The table containing reported estimated data for April 2020 together with comparative data is included in the attachment to this current report.
The amounts have been converted to PLN based on the average NBP exchange rate on 30/04/2020.
Legal basis: Article 17 paragraph 1 of the MAR – confidential information
CR ESPI 20/2021 – Notification of transactions of persons discharging managerial responsibilities
The Management Board of Aforti Holding S.A. based in Warsaw (“the Company”, “the Issuer”), hereby informs that on March 18, 2021, the Company received a notification of transactions of an entity closely related to a person discharging managerial duties in the Company.
The notification was submitted by Aforti Factor S.A..
The notifications are attached to this report.
Legal basis: Article 19 (3) MAR – information on transactions executed by persons discharging managerial responsibilities
CR ESPI 20/2022 Conclusion of share purchase agreements in Mori Capital Management company
The Management Board of Aforti Holding S.A., headquartered in Warsaw (hereinafter: “Company”, “Issuer”) informs that on July 12, 2022. The Issuer signed agreements with Alpine Limited, based in Guernsey (Bailiwick of Guernsey) to acquire shares in Mori Capital Management Limited, based in Sliema, Republic of Malta.
Based on the aforementioned agreements, the Issuer acquires as of July 12, 2022. 9980 shares representing 4.99% of the capital and 4.99% of the votes at the general meeting, and acquires 160,020 shares representing 80.01% of the share capital and 80.01% of the votes at the general meeting of Mori Capital Management Limited, under the condition of obtaining approval from the Malta Financial Services Authority (MFSA) for the acquisition of a majority stake (conditional share purchase agreement). If the MFSA’s approval is not obtained by July 01, 2023, the conditional share purchase agreement for 160,020 shares will expire or the parties may extend the period of waiting for the MFSA’s approval. The conditional share purchase agreement for 160,020 shares stipulates that the closing of the transaction will take place within 5 days from the date of obtaining MFSA approval. The Issuer intends to immediately apply to the MFSA for the aforementioned approval.
Mori Capital Management Limited is a licensed investment company in the Republic of Malta engaged in asset management. The company currently manages two investment funds, Mori Eastern European Fund and Mori Otoman Fund, based in Dublin, Republic of Ireland. As of February 25, 2022, the net assets under management of Mori Capital Management Limited amounted to EUR 63.5 million.
The purchase of shares in Mori Capital Management Limited is an implementation of the Issuer’s strategy, in which one of the pillars is the development of asset management activities. This activity will be developed through Mori Capital Management together with a business partner with extensive experience in the fund management market, as a minority shareholder of Mori Capital Management.
The Issuer will report on further stages of the investment in relevant current reports.
Legal basis: Article 17 paragraph 1 of the MAR – confidential information