Results

Aforti Holding SA

12/03/2019 | Press release | Distributed by Public on 12/03/2019 03:12

The estimated operational and sales data of subsidiaries Aforti Finance S.A., Aforti Finance Romania IFN S.A., Aforti Exchange S.A., Aforti Exchange Romania S.A., Aforti[...]

The board of Aforti Holding S.A. ('the Company', 'the Issuer') headquartered in Warsaw hereby announces to the public the estimated operational and sales results of Aforti Finance S.A., Aforti Finance Romania IFN S.A., Aforti Exchange S.A., Aforti Exchange Romania S.A., Aforti Collections S.A. and Aforti Factor S.A. the Issuer's subsidiaries for November 2019

1) The estimated operational and sales results of Aforti Finance S.A. for November 2019:
In November 2019 Aforti Finance S.A. granted 20 loans (decrease by 55,56%) with a total value of PLN 1 500,25 thousand, which is a decrease of 67,79% compared to the same month of 2018.
The value of submitted applications amounted to PLN 5 966,23 thousand and that is a result lower by 84,90% compared to the same period of the previous year. In November 2019, there were filed 83 loan applications, what in relation to the same month of 2018 is a reduction of 75,66%.

Cumulatively, after eleven months of 2019, Aforti Finance SA granted 161 loans (70,13% less YoY) with total value PLN 22 346,75 thousand and it is a decrease by 59,13% compared to 2018. In the period from January to the end of November 2019, there were filed 1 277 loan applications with total value PLN 191 272,68 thousand. The number of submitted applications was reduced by 64,57%, and their total value by 57,59% in relation to the same period in the previous year.

2) The estimated operational and sales results of Aforti Finance Romania IFN S.A. for November 2019:
In November 2019, Aforti Finance Romania IFN S.A. - an entity operating in Romania - has not granted any loans to entrepreneurs. At the same time, Romanian entrepreneurs submitted 7 applications last month for a total amount of RON 1 754,90 thousand.
After eleven months of this year the Company accepted 75 loan applications with a total value of RON
13 896,38 thousand. In this time were granted 14 loans with total value of RON 1 466,33 thousand.

On 31/10/2018, the Company obtained a license of a non-banking financial institution (IFN) allowing it to start operating activities.

3) The estimated operational and sales results of Aforti Exchange S.A. for November 2019:
The currency exchange platform's turnover in November 2019 reached EUR 30 441,74 thousand and was higher by 2,97% compared to the same period of the previous year.
At the same time, after eleven months of the 2019, the turnover reached the level of EUR 396 915,17 thousand, an increase of 68,23% year-on-year.

4) The estimated operational and sales results of Aforti Exchange Romania S.A. for November 2019 :
The value of trading on the currency exchange platform in Romania in November 2019 amounted to EUR 13 916,63 thousand which is an increase of 34,58% in relation to November 2018.
In the period from January to the end of November 2019, Aforti Exchange Romania S.A. recorded EUR 152 680,91 thousand of the total turnover value, which in comparison to the previous year is an increase of 164,16%.

5) The total estimated operational and sales data of Aforti Exchange for November 2019:
The total value of trading on the currency exchange platforms of Aforti Exchange operated in Poland and in Romania in November 2019 amounted to EUR 44 358,37 thousand, which in comparison to the same period in the previous year means an increase of 11,16%.
At the same time, cumulatively after eleven months of 2019 the total value of turnover reached the level of EUR 549 596,08 thousand and it increased year-on-year by 87,10%

6) The estimated operational and sales results of Aforti Collections S.A. for November 2019:
Nominal value of debt collection commissions on November 2019 reached PLN 82 663,90 thousand. This is an increase by 2107,08% YoY. The number of recovery orders amounted to 5 329 and was higher by 227,33% compared to November 2018. The company concluded two contracts in the indicated month (lower by 60,00%).
Cumulatively, after eleven months of 2019, the nominal value of the debt collection orders amounted to PLN 417 735,52 thousand, which is an increase by 2431,91% year-on-year. The number of orders also increased by 1594,10% to 77 268. At the same time, the number of debt recovery agreements concluded after the eleven months of 2019, decreased by 27,54% to 50.

7) The estimated operational and sales results of Aforti Factor S.A. for November 2019:
In November 2019 the value of receivables financed by Aforti Factor S.A. amounted to PLN 2 276,74 thousand and was lower by 51,26% than in the previous year.
Further, after eleven months current year, this value reached level of PLN 38 713,52 thousand, recording an increase of 53,94% year-on-year.

A table containing estimated additional data, reported for November 2018 together with the comparative data, can be found in an annex to the current report.

Legal basis: Article 17 paragraph 1 of the MAR - confidential information

read more