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    AFH   PLMNTHL00016

AFORTI HOLDING S.A.

(AFH)
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Aforti S A : CR ESPI 77/2020 – The estimated sales data of AFORTI Group Exchange S.A.

12/15/2020 | 11:37am EDT

The Management Board of AFORTI Holding S.A. based in Warsaw (hereinafter referred to as 'the Company', 'Issuer') informs that on the basis of the report submitted to it today by its subsidiary AFORTI Exchange S.A. based in Warsaw and in order to ensure equal access to information for all investors, it hereby publishes the projected sales estimates of AFORTI Exchange S.A. for December 2020 and for the fourth quarter of 2020.

On 14 December 2020 AFORTI Exchange S.A. exceeded the last year's result despite the economic slowdown caused by the COVID-19 coronavirus and December 2020 promises to be a record month in the company's operations to date.
Forecasts after 10 working days of December indicate that the turnover on the currency exchange platform will exceed 300 million zloty compared to 131 million in December 2019, which means an increase of 129% year-on-year.

Achieving the above results will mean that in the fourth quarter of 2020 AFORTI Exchange S.A.'s turnover on the currency exchange platform would reach over PLN 845 million, which would be about 12% higher than in the corresponding period of the previous year, with a simultaneous record number of about 3 thousand transactions in the fourth quarter of 2020.

The Management Board of the Company decided to publish the above mentioned information in the form of a current report due to the potential significance of this information for the investment decisions of investors.

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

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Disclaimer

Aforti Holding SA published this content on 15 December 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 December 2020 16:36:04 UTC


© Publicnow 2020
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Financials
Sales 2020
Net income 2020
Net Debt 2020
P/E ratio 2020
Yield 2020
Capitalization 60,6 M 15,9 M 16,0 M
EV / Sales 2020
EV / Sales 2021 0,15x
Nbr of Employees 56
Free-Float 2,64%
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Consensus
 
Mean consensus -
Number of Analysts 1
Last Close Price 6,70 PLN
Average target price 12,00 PLN
Spread / Average Target 79,1%
Managers and Directors
NameTitle
Ludwik Sobolewski Member-Supervisory Board
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