Earnings Release • Aug 2, 2018
Earnings Release
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The estimated operational and sales data of subsidiaries Aforti FinanceS.A., Aforti Exchange S.A., Aforti Exchange Romania S.A., AfortiCollections S.A. and Aforti Factor S.A. - July 2018
The board of Aforti Holding S.A. ("the Company", "the Issuer")headquartered in Warsaw hereby announces to the public the estimatedoperational and sales results of Aforti Finance S.A., Aforti ExchangeS.A., Aforti Exchange Romania S.A., Aforti Collections S.A. and AfortiFactor S.A. the Issuer's subsidiaries for July 2018
1) The estimated operational and sales results of Aforti Finance S.A.for July 2018:At the end of July 2018 Aforti Finance SA granted 347loans (35.55% more YoY) with total value PLN 36 057.15 thousand and itis an increase by 109,09% compared to 2017.After the first sevenmonths of 2018, there were filed 2 347 loan applications with totalvalue PLN 293 978.22 thousand. The quantity of the loans rose up by95.75% and their total value by 246.70% in relation to the same periodin the previous year.
2) The estimated operational and sales results of Aforti Exchange S.A.for July 2018:The currency exchange platform's turnover in July 2018reached 19 034,64 thousand EUR and was higher by 249,23% compared to thesame period of the previous year. At the same time, after seven monthsof the current year, the turnover reached the level of 131 155.64thousand EUR, an increase of 240.66% year-on-year.
3) The estimated operational and sales results of Aforti ExchangeRomania S.A. for July 2018 :The value of trading on the currencyexchange platform in Romania in July 2018 amounted to 4 957.46 thousandEUR. At the end of July 2018, Aforti Exchange Romania S.A. recorded 24684.13 thousand EUR of the total turnover value.
In connection with the registration the Company on June 2017, thecomparative data are not available.
4) The total estimated operational and sales data of Aforti Exchange forJuly 2018:The total value of trading on the currency exchangeplatforms of Aforti Exchange operated in Poland and in Romania in July2018 amounted to EUR 23 992.09 thousand, which in comparison to the sameperiod in the previous year means an increase of 340.18%.
At the same time, cumulatively after the first seven months of this yearthe total value of turnover reached the level of EUR 155 839.77 thousandand it increased year-on-year by 304.78%
The total comparative data for 2017 include only the result generated byAforti Exchange S.A. due to the fact that Aforti Exchange Romania S.A.was registered in June 2017.
5) The estimated operational and sales results of Aforti CollectionsS.A. for July 2018:Nominal value of debt collection commissions onJuly 2018 reached PLN 456.52 thousand. This is a decrease of 71,87% YoY.The number of recovery orders amounted to 8 and was lower by 96.84%compared to July 2017.The company concluded 4 contracts in theindicated month, which is a decrease by 80,00% compared to the sameperiod in the previous year.
Cumulatively, at the end of July 2018, the nominal value of the debtcollection orders amounted to PLN 10 127.35 thousand, which is a declineof 36.83% year-on-year. The number of orders also decreased by 90.43%from 14 156 to 1 355. At the same time, the number of debt recoveryagreements concluded after the first seven month of this year, decreasedby 51.06% to 46.
6) The estimated operational and sales results of Aforti Factor S.A. forJuly 2018:In July 2018 the value of receivables financed by AfortiFactor S.A. amounted to PLN 2 105.31 thousand. Further, at the end ofJuly 2018 this value reached level of PLN 10 864.58 thousand.
The date comparative are not available because the Company had startedits operating activities from January 2018.
A table containing estimated additional data, reported for July 2018together with the comparative data, can be found in an annex to thecurrent report.
Legal basis: Article 17 paragraph 1 of the MAR - confidential information
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