Earnings Release • Jul 3, 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. - June 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 June 2018
1) The estimated operational and sales results of Aforti Finance S.A.for June 2018:
In June 2018 Aforti Finance S.A. granted 35 loans (decrease by 16,67%YoY related to testing new analytical processes and solutions in theCompany, which are to improve and speed up the Customer service process)with a total value of PLN 3 473,10 thousand, which is an increase of1,40% compared to the same month of 2017.
The value of submitted applications amounted to PLN 48 739,40 thousandand that is a result higher by 217,95% compared to the same period ofthe previous year. In June 2018, there were filed 400 loan applications,an increase of 110,53% compared to the same month of 2017.
Cumulatively, after the first half of 2018, Aforti Finance SA granted308 loans (45,28% more YoY) with total value PLN 32 675,88 thousand andit is an increase by 136,62% compared to 2017. In the period fromJanuary to the end of June 2018, there were filed 1970 loan applicationswith total value PLN 244 038,94 thousand. The quantity of the loans roseup by 100,61% and their total value by 280,73% in relation to the sameperiod in the previous year.
2) The estimated operational and sales results of Aforti Exchange S.A.for June 2018:
The currency exchange platform's turnover in June 2018 reached 21 666,35thousand EUR and was higher by 284,17% compared to the same period ofthe previous year. At the same time, after six months of the currentyear, the turnover reached the level of 112 121,01 thousand EUR, anincrease of 239,25% year-on-year.
3) The estimated operational and sales results of Aforti ExchangeRomania S.A. for June 2018 :
The value of trading on the currency exchange platform in Romania inJune 2018 amounted to 3 979,67 thousand EUR. At the end of June 2018,Aforti Exchange Romania S.A. recorded 19 713,66 thousand EUR of thetotal 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 forJune 2018:
The total value of trading on the currency exchange platforms of AfortiExchange operated in Poland and in Romania in June 2018 amounted to EUR25 646,02 thousand, which in comparison to the same period in theprevious year means an increase of 354.73%.
At the same time, cumulatively after the first half of this year thetotal value of turnover reached the level of EUR 131 334,66 thousand andit increased year-on-year by 298.90%
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 June 2018:
Nominal value of debt collection commissions on June 2018 reached PLN 1049,36 thousand. This is a decrease of 21,47% YoY. The number ofrecovery orders amounted to 328 and was lower by 21,15% compared to June2017.
The company concluded 23 contracts in the indicated month, which is anincrease by 43,75% compared to the same period in the previous year.
Cumulatively, at the end of June 2018, the nominal value of the debtcollection orders amounted to PLN 9 670,84 thousand, which is a declineof 32,89% year-on-year. The number of orders also decreased by 90,31%from 13 903 to 1 347. At the same time, the number of debt recoveryagreements concluded in the first half of this year, decreased by 43,24%to 42.
6) The estimated operational and sales results of Aforti Factor S.A. forJune 2018:
In June 2018 the value of receivables financed by Aforti Factor S.A.amounted to PLN 2 476,13 thousand. Further, at the end of June 2018 thisvalue reached level of PLN 8 759,28 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 June 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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