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    AFH   PLMNTHL00016

AFORTI HOLDING S.A.

(AFH)
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Aforti S A : CR ESPI 24/2021 – AFORTI Capital Group development strategy for 2021 – 2023

04/28/2021 | 12:09pm EDT

The Management Board of Aforti Holding S.A. (hereinafter: 'Company', 'Issuer') with its registered office in Warsaw, informs of the adoption on 28 April 2021 Resolution No. 01/28/04/2021 of the Board of Directors of the Company on the adoption of the document 'AFORTI Capital Group Strategy for 2021-2023' (hereinafter: 'Strategy').

The primary objective of drawing up and adopting the Development Strategy for the Capital Group for 2021-2023, headed by Aforti Holding S.A., is to set and expand the directions of its further operation, systematically increasing the scale and profitability of its operations, and, in the long term, building the Group's value for its shareholders.

The basic pillars of the Strategy are:
- debt collection segment
- company service platform - AFORTI.BIZ
- asset management segment

The Issuer intends to develop the activity of its Capital Group by building
a multi-product AFORTI.BIZ platform dedicated to small and medium enterprises and micro companies, offering services such as currency exchange, factoring, maintaining multi-currency accounts and currency transfers. The functionalities of the AFORTI.BIZ platform will be based on the EMI licence. The issuer plans to list AFORTI.BIZ on the London LSE through its UK based subsidiary Aforti PLC.

Using the AFORTI.BIZ platform, the Issuer plans to increase turnover tenfold by the end of 2023, as well as increasing the number of clients.

In order to meet the expectations of AFORTI investors, the Issuer intends to introduce a full product offering for managing clients' assets.

Aforti Collections' activities will be developed through the acquisition of debt portfolios and the expansion of the scale of debt servicing by order.

The Issuer intends to continue its territorial expansion into foreign markets through its presence in 11 countries of Central and Eastern Europe.

The Issuer strives to build the most transparent business structure possible. One of the activities which will serve this purpose will be making the Capital Group's subsidiaries public. The Capital Group's activities are aimed at obtaining stable external institutional financing in order to change the financing structure of its operations.

The Board of the Issuer notes that implementation of the above strategic objectives of the Aforti Group may have an impact on its economic, asset and financial situation and on further prospects of its development.

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

More information

Disclaimer

Aforti Holding SA published this content on 28 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2021 16:08:03 UTC.


© Publicnow 2021
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Financials
Sales 2020
Net income 2020
Net Debt 2020
P/E ratio 2020
Yield 2020
Capitalization 62,2 M 16,4 M 16,4 M
EV / Sales 2020
EV / Sales 2021 0,15x
Nbr of Employees 56
Free-Float 2,64%
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Mean consensus -
Number of Analysts 1
Average target price 12,00 PLN
Last Close Price 6,68 PLN
Spread / Highest target 79,6%
Spread / Average Target 79,6%
Spread / Lowest Target 79,6%
Managers and Directors
NameTitle
Ludwik Sobolewski Member-Supervisory Board
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