Earnings Release • Jun 4, 2018
Earnings Release
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The estimated operational and sales data of subsidiaries AfortiFinance S.A., Aforti Exchange S.A., Aforti Exchange Romania S.A.,Aforti Collections S.A. and Aforti Factor S.A. - May 2018
The board of Aforti Holding S.A. (the Company", "the Issuer")headquartered in Warsaw hereby announces to the public theestimated operational and sales results of Aforti Finance S.A.,Aforti Exchange S.A., Aforti Exchange Romania S.A., AfortiCollections S.A. and Aforti Factor S.A. the Issuer's subsidiaries forMay 2018
1) The estimated operational and sales results of Aforti Finance S.A.for May 2018:
In May 2018 Aforti Finance S.A. granted 53 loans (increase by 23,26%YoY) with a total value of PLN 6 682,59 thousand, which is an increaseof 93,07% compared to the same month of 2017.
The value of submitted applications amounted to PLN 47 774,31 thousandand that is a result higher by 213,80% compared to the same period ofthe previous year. In May 2018, there were filed 323 loan applications,an increase of 71,81% compared to the same month of 2017.
Cumulatively, after the first five months of 2018, Aforti Finance SAgranted 273 loans (60,59% more YoY) with total value PLN 29 202,79thousand and it is an increase by 181,23% compared to 2017. In theperiod from January to the end of May 2018, there were filed 1570 loanapplications with total value PLN 195 279,82 thousand. The quantity ofthe loans rose up by 98,23% and their total value by 300,43% in relationto the same period in the previous year.
2) The estimated operational and sales results of Aforti Exchange S.A.for May 2018:
The currency exchange platform's turnover in May 2018 reached 25638,07 thousand EUR and was higher by 272,84% compared to the sameperiod of the previous year. At the same time, after five months of thecurrent year, the turnover reached the level of 90 483,41 thousand EUR,an increase of 230,11% year-on-year.
3) The estimated operational and sales results of Aforti ExchangeRomania S.A. for May 2018 :
The value of trading on the currency exchange platform in Romania in May2018 amounted to 5 573,42 thousand EUR. At the end of May 2018, AfortiExchange Romania S.A. recorded 15 727,53 thousand EUR of the totalturnover value.
In connection with the registration the Company on June 2017, thecomparative data are not available.
4) The estimated operational and sales results of Aforti CollectionsS.A. for May 2018:
Nominal value of debt collection commissions on May 2018 reached PLN816,45 thousand. This is a decrease of 53,44% YoY. The number ofrecovery orders amounted to 80 and was lower by 87,54% compared toMay 2017.
The company concluded 9 contracts in the indicated month, which is adecrease by 66,67% compared to the same period in the previous year.
Cumulatively, at the end of May 2018, the nominal value of the debtcollection orders amounted to PLN 8 621,48 thousand, which is a declineof 34,05% year-on-year. The number of orders also decreased by 92,44%from 13 487 to 1 019. At the same time, the number of debt recoveryagreements concluded in the first five months of this year, decreased by67,24% to 19.
5) The estimated operational and sales results of Aforti Factor S.A. forMay 2018:In May 2018 the value of receivables financed byAforti Factor S.A. amounted to PLN 1 792,28 thousand. Further, atthe end of May 2018 this value reached level of PLN 6 283,15 thousand.
The date comparative are not available because the Company hadstarted its operating activities from January 2018.
A table containing estimated additional data, reported for May2018 together with the comparative data, can be found in an annexto the current report.
Legal basis: Article 17 paragraph 1 of the MAR - confidentialinformation
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