AI Terminal

MODULE: AI_ANALYST
Interactive Q&A, Risk Assessment, Summarization
MODULE: DATA_EXTRACT
Excel Export, XBRL Parsing, Table Digitization
MODULE: PEER_COMP
Sector Benchmarking, Sentiment Analysis
SYSTEM ACCESS LOCKED
Authenticate / Register Log In

Fabrity Holding S.A

Earnings Release May 6, 2019

5666_rns_2019-05-06_99fbd3ff-2615-4fcf-9e23-f8a044daa1c3.html

Earnings Release

Open in Viewer

Opens in native device viewer

The estimated operational and sales data ofsubsidiaries Aforti Finance S.A., Aforti Exchange S.A., Aforti ExchangeRomania S.A., Aforti Collections S.A. and Aforti Factor S.A. - April2019

The board of Aforti Holding S.A. ("the Company", "theIssuer") headquartered in Warsaw hereby announces to the public theestimated operational and sales results of Aforti Finance S.A., AfortiExchange S.A., Aforti Exchange Romania S.A., Aforti Collections S.A. andAforti Factor S.A. the Issuer's subsidiaries for April 2019

1) The estimated operational and sales results ofAforti Finance S.A. for April 2019:InApril 2019 Aforti Finance S.A. granted 16 loans (decrease by 71.93%)with a total value of PLN 2 127,00 thousand, which is a decrease of71.75% compared to the same month of 2018. The value of submittedapplications amounted to PLN 21 629,12 thousand and that is a resultlower by 60.69% compared to the same period of the previous year. InApril 2019, there were filed 121 loan applications, what in relation tothe same month of 2018 is a reduction of 66.11%.

Cumulatively, after four months of 2019, AfortiFinance SA granted 69 loans (68.64% less YoY) with total value PLN 9315,13 thousand and it is a decrease by 58.64% compared to 2018. In theperiod from January to the end of April 2019, there were filed 603 loanapplications with total value PLN 86 848,10 thousand. The number ofsubmitted applications was reduced by 51.64%, and their total value by41.12% in relation to the same period in the previous year.2)The estimated operational and sales results of Aforti Finance RomaniaIFN S.A. for April 2019:In April 2019,Aforti Finance Romania IFN S.A. - an entity operating in Romania -accepted the first entrepreneurs' applications for non-banking loans.Last month, Romanian entrepreneurs submitted 3 applications with a totalvalue of RON 813,20 thousand.

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

3) The estimated operational and sales results ofAforti Exchange S.A. for April 2019:Thecurrency exchange platform's turnover in April 2019 reached EUR 39019,48 thousand and was higher by 108.66% compared to the same period ofthe previous year.

At the same time, after four months of the 2019, theturnover reached the level of EUR 138 251,13 thousand, an increase of113.30% year-on-year.

4) The estimated operational and sales results ofAforti Exchange Romania S.A. for April 2019 :Thevalue of trading on the currency exchange platform in Romania in April2019 amounted to EUR 10 986,52 thousand which is an increase of 273.44%in relation to April 2018.

In the period from January to the end of April 2019,Aforti Exchange Romania S.A. recorded EUR 41 780,51 thousand of thetotal turnover value, which in comparison to the previous year is anincrease of 311.46%.

5) The total estimated operational and sales data ofAforti Exchange for April 2019:The totalvalue of trading on the currency exchange platforms of Aforti Exchangeoperated in Poland and in Romania in April 2019 amounted to EUR 50006,00 thousand, which in comparison to the same period in the previousyear means an increase of 131.06%.

At the same time, cumulatively after the four monthsof 2019 the total value of turnover reached the level of EUR 180 031,64thousand and it increased year-on-year by 140.14%

6) The estimated operational and sales results ofAforti Collections S.A. for April 2019:Nominalvalue of debt collection commissions on April 2019 reached PLN 36 250,46thousand. This is an increase by 46854.82% YoY. The number of recoveryorders amounted to 8909 and was higher by 445350.00% compared to April2018. The company concluded seven contracts in the indicated month (moreby 250.00%).

Cumulatively, after four months of 2019, the nominalvalue of the debt collection orders amounted to PLN 141 481,77 thousand,which is an increase by 1712.70% year-on-year. The number of orders alsoincreased by 2731.63% to 26 589. At the same time, the number of debtrecovery agreements concluded after the four months of 2019, increasedby 140.00% to 24.

7) The estimated operational and sales results ofAforti Factor S.A. for April 2019:In April2019 the value of receivables financed by Aforti Factor S.A. amounted toPLN 1 710,71 thousand and was higher by 9.81% than in the previous year.

Further, after four months current year, this valuereached level of PLN 12 025,90 thousand, recording an increase of167.79% year-on-year.

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

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

Talk to a Data Expert

Have a question? We'll get back to you promptly.