KRUK Group estimates net profit for H1 2024 at PLN 603 million

The Management Board of KRUK S.A. has issued today a current report with an estimate of the KRUK Group’s net profit for the first half of 2024, which has been put at PLN 603 million. Estimated cash EBITDA for the period is PLN 1,191 million, resulting in an estimated net debt to cash EBITDA ratio of 2.4 at 30 June 2024.

“It has been a very strong first half of the year. Our estimated net profit and cash EBITDA are the highest we have recorded for any first six months of the year. The estimated net debt to cash EBITDA ratio has returned to the level seen at the end of 2023,” says Piotr Krupa, President of the Management Board and CEO of KRUK S.A. “We continue to strengthen our international footprint, with markets other than Poland accounting for the majority of the PLN 900 million invested in debt portfolios and of more than PLN 1.7 billion in recoveries from purchased portfolios. This performance reflects a combination of factors, including our ongoing improvements in investment strategy, operational efficiency, and technological innovation, but above all, the dedication of our team. Further details and insights will be provided when we release our first-half 2024 results,” adds Piotr Krupa, CEO and President of the Management Board and CEO of KRUK S.A.

The finally determined financial results will be disclosed in the consolidated report of the KRUK Group for H1 2024, scheduled for issue on 27 August 2024.