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 Sep 4, 2018

5666_rns_2018-09-04_400bb5cd-4245-4db4-93e6-3446db1bd78e.html

Earnings Release

Open in Viewer

Opens in native device viewer

The estimated operational and sales data of subsidiaries AfortiFinance S.A., Aforti Exchange S.A., Aforti Exchange Romania S.A., AfortiCollections S.A. and Aforti Factor S.A. - August 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 August 2018

1) The estimated operational and sales results of Aforti Finance S.A.for August 2018:

In August 2018 Aforti Finance S.A. granted 47 loans (decrease by 11,90%)with a total value of PLN 5 077,33 thousand, which is an increase of54,74% compared to the same month of 2017.

The value of submitted applications amounted to PLN 46 711,50 thousandand that is a result higher by 143,84% compared to the same period ofthe previous year. In August 2018, there were filed 342 loanapplications, an increase of 62,86% compared to the same month of 2017.

Cumulatively, after the eight months of 2018, Aforti Finance SA granted394 loans (32,21% more YoY) with total value PLN 41 134,48 thousand andit is an increase by 100,40% compared to 2017. In the period fromJanuary to the end of August 2018, there were filed 2689 loanapplications with total value PLN 340 787,22 thousand. The quantity ofthe loans rose up by 90,84% and their total value by 227,84% in relationto the same period in the previous year.

2) The estimated operational and sales results of Aforti Exchange S.A.for August 2018:

The currency exchange platform's turnover in August 2018 reached 20796,86 thousand EUR and was higher by 171,01% compared to the sameperiod of the previous year. At the same time, after seven months of thecurrent year, the turnover reached the level of 151 942,29 thousand EUR,an increase of 229,07% year-on-year.

3) The estimated operational and sales results of Aforti ExchangeRomania S.A. for August 2018 :

The value of trading on the currency exchange platform in Romania inAugust 2018 amounted to 3 888.05 thousand EUR. At the end of August2018, Aforti Exchange Romania S.A. recorded 28 685.16 thousand EUR ofthe 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 forAugust 2018:

The total value of trading on the currency exchange platforms of AfortiExchange operated in Poland and in Romania in August 2018 amounted toEUR 24 684.91 thousand, which in comparison to the same period in theprevious year means an increase of 221.68%.

At the same time, cumulatively after the eight months of this year thetotal value of turnover reached the level of EUR 180 627.45 thousand andit increased year-on-year by 291,19%

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 August 2018:

Nominal value of debt collection commissions on August 2018 reached PLN354.21 thousand. This is a decrease of 90.74% YoY. The number ofrecovery orders amounted to 18 and was lower by 98.94% compared toAugust 2017.

The company concluded 6 contracts in the indicated month, which is adecrease by 57,14% compared to the same period in the previous year.

Cumulatively, at the end of August 2018, the nominal value of the debtcollection orders amounted to PLN 10 481.56 thousand, which is a declineof 47.22% year-on-year. The number of orders also decreased by 91.34%from 15 860 to 1 373. At the same time, the number of debt recoveryagreements concluded after the eight months of this year, decreased by51.85% to 52.

6) The estimated operational and sales results of LifeBelt Sp. z o.o.for August 2018:

In August 2018, the nominal value of LifeBelt debt collection ordersamounted to PLN 37 954.42 thousand. and their number was equal to 6 133.In addition, in August this year the company signed 1 new debtcollection contract.

In the period from January to the end of August 2018, the nominal valueof the debt collection orders in the company's portfolio reached thelevel of PLN 287 077.93 thousand. The number of collections was 62 886.In the indicated period, 2 new debt collection contracts were obtained.

The comparative data for the previous year are not available due to thefact that the company was not part of the Aforti Group.

7) The estimated total operational and sales data of Aforti CollectionsS.A. and LifeBelt sp. o.o. for August 2018:

The total nominal value of the orders of Aforti Collections SA andLifeBelt sp. o.o. in August 2018 amounted to PLN 38 308.62 thousand andwas higher by 901,62% than in the corresponding period of the previousyear. The total number of debt collection orders was equal to 6 151(increase by 260.97%). In August, both companies concluded a total of 7new debt collection agreements.

From the beginning of 2018 to the end of August, the total nominal valueof debt collection orders reached PLN 297 559.49 thousand, which meansan increase of 1398,49% year-on-year. At the same time, the total numberof collection orders amounted to 64 259 (increase by 305.16%). In theindicated period, the companies concluded a total of 54 debt collectionagreements.

8) The estimated operational and sales results of Aforti Factor S.A. forAugust 2018:

In August 2018 the value of receivables financed by Aforti Factor S.A.amounted to PLN 3 517.86 thousand. Further, at the end of August 2018this value reached level of PLN 14 407.47 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 August 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

Talk to a Data Expert

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