Current Report No. 2/2018: Expenditure on and recoveries from debt portfolios; preliminary estimate of KRUK Group’s net profit for 2017
In line with the adopted disclosure policy, KRUK S.A. (KRUK, the Company) discloses the amount of expenditure on and recoveries from the management of debt portfolios purchased by the KRUK Group.
Q4 2017
|
The nominal value of debt purchased by the Group |
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|
Q4 2017 |
Q4 2016 |
change |
|
PLN 6.409m |
PLN 8.218m |
- 22% |
|
The expenditure on debt portfolios purchased by the Group |
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|
Q4 2017 |
Q4 2016 |
change |
|
PLN 210m |
PLN 347m |
-40% |
|
The recoveries from the management of purchased portfolios purchased by the Group |
||
|
Q4 2017 |
Q4 2016 |
change |
|
PLN 375m |
PLN 291m |
+29% |
Y 2017
|
The nominal value of debt purchased by the Group |
||
|
Y 2017 |
Y 2016 |
change |
|
PLN 16.403m |
PLN 16.609m |
-1% |
|
The expenditure on debt portfolios purchased by the Group |
||
|
Y 2017 |
Y 2016 |
change |
|
PLN 976m |
PLN 1.283m |
-24% |
|
The recoveries from the management of purchased portfolios purchased by the Group |
||
|
Y 2017 |
Y 2016 |
change |
|
PLN 1.369m |
PLN 992m |
+38% |
At the same time, as the Management Board of the KRUK Group was notified on January 10th 2018 of the preliminary estimate of the KRUK Group’s net profit for 2017, the Company decided to publicly announce it.
The preliminary estimated consolidated net profit earned by the KRUK Group in 2017 is PLN 300m, up 20,6% year on year.
The preliminary estimated earnings per share (EPS) of the KRUK Group reached PLN 16 in 2017, having grown 13,6% year on year, 1,4pp below the target set in the KRUK Group’s strategy for 2015-2019. However, the initially estimated net profit is subject to revision, particularly to reflect the remeasured value of debt portfolios, which affects the consolidated net profit of the KRUK Group.
The finally determined financial results for 2017 will be disclosed in the separate and consolidated annual report of the KRUK Group for 2017, scheduled for issue on March 4th 2018.