Interim Reports 4Q 2023 The Management Board of KRUK S. A. publishes audited KRUK Group’s report for the period January 1st- December 31th 2023, issued on March 26th 2024. The report consists of three parts:
KRUK Group FS 2023
KRUK FS 2023
Directors’ report on the operations of the Kruk Group and KRUK
The report differs from once published on February 27, 2024 by creating a provision for the result of the tax inspection in the parent entity KRUK, which reduced net profit from PLN 1,012,488 into PLN 983,934. As at the date of issue of these financial statements, the Company has not yet received the inspection report and the provision has been created as an estimate by the Management Board based on the scenario method.
Financial highlights
Financial highlights
PLN '000
EUR '000
For the period
1 Jan–31 Dec 2023
1 Jan–31 Dec 2022
1 Jan–31 Dec 2023
1 Jan–31 Dec 2022
Revenue
2,592,580
2,145,790
572,516
457,690
Operating profit
1,327,158
1,042,841
293,074
222,435
Profit before tax
1,037,474
863,710
229,104
184,227
Net profit attributable to owners of the Parent
983,934
804,982
217,281
171,700
Net cash from operating activities
(785,251)
(567,772)
(173,406)
(121,104)
Purchase of debt portfolios at prices as per agreement
Kruk SA is a Poland-based company, which is engaged in the business support industry. The Company is a multi-operator, which offers loss prevention and debt collection services. The Company divides its business into two main operating segments: Debt Purchase, including acquisition of non-performing debt portfolios, and Debt Collection Outsourcing, offering fee-based collection of debt on clientâs behalf, focused on consumer and corporate loans. The Company provides services to financial institutions and large corporate customers. It manages receivables of banks, credit intermediaries, leasing companies and digital platform providers, among others. The Companyâs operating activities concentrate in a number of countries, such as Poland, Romania, Czech Republic, Slovakia and Spain. The Company's subsidiaries include Kruk Deutschland GmbH, Presco Investments Sarl and Espand Soluciones de Gestion y Recuperacion de Deuda SL, among others.