After very good results achieved in Q1 of the financial year 2021/22, Kredyt Inkaso Group can boast of having achieved high repayments in Q2 as well. Throughout the entire first half of the year, which in Kredyt Inkaso covers the period from 1 April to 30 September 2021, repayments from own portfolios at a consolidated level reached PLN 142.1 million. It is worth adding that this is a record-breaking result in the 20-year history of the organisation and is higher by 32.2 percent compared to the same period of the previous year. The recorded increase in collections from debt portfolios resulted, inter alia, from the good results achieved from the enforcement stream.
The Group showed revenues at the consolidated level of PLN 109.3 million, compared to PLN 82.9 million in the same period of the previous year. The reported half of the year also recorded a net profit of PLN 26.2 million at the consolidated level, and this is more than 2.5 times higher compared to PLN 9.8 million in the previous year. Kredyt Inkaso also reduced the level of net debt from PLN 380.5 million to PLN 327.6 million at the consolidated level.
“The good financial condition of Kredyt Inkaso Group is the result of the growing efficiency of the entire organisation. In the described period, we obtained solid revenues and generated a profit of over PLN 26 million. It should be added that the currently reported period featured high volatility in the markets, and record-breaking repayments were achieved despite the lack of significant investments in new portfolios. This proves the operational efficiency achieved by the organisation and its potential” – said Tomasz Kuciel, Member of the Management Board of Kredyt Inkaso.
Kredyt Inkaso introduces further technological deployments and develops communication channels with customers. One of the new projects of the Group in this area is the ugodowi.pl portal. It facilitates communication with indebted persons, enables them to handle their affairs single-handedly, and control their debt balance. The Group also plans to purchase new debt portfolios and conduct further bond issues under the prospectus approved by the Polish Financial Supervision Authority in September 2021. It allows the Company to issue bonds up to a total amount of PLN 150 million.
“Over the last two years, we have managed to recruit many experts featuring vast experience in the debt management industry to join Kredyt Inkaso. Together with the existing team, we are creating a new quality and achieving an increasingly higher level of operational excellence. We are particularly pleased with the repeatability of the good results achieved. Thanks to this, the Company is also ready for further financing and portfolio purchases, which will allow for the continued dynamic development in the future” – said Maciej Szymański, President of the Management Board of Kredyt Inkaso.
About Kredyt Inkaso
Kredyt Inkaso was established in 2001 as a pioneer on the Polish market of debt management. Ever since, it has been constantly supporting companies and entrepreneurs in the recovery process, cooperating with banks, lenders, insurers and other entities from the consumer market. Kredyt Inkaso offers a wide range of services: from payment monitoring, through amicable collection, to court and enforcement processes.
Since 2007, Kredyt Inkaso has been present on the Warsaw Stock Exchange, and in 2018 it conducted the first public issue of bonds. In its activity, the Company follows the principle that the process of debt collection should be as easy and intelligent as possible, but first of all, it should be ethical – which is confirmed by Ethical Audit Certificates awarded annually by the Association of Financial Enterprises in Poland. The Company also pays attention to the issues related to corporate social responsibility and therefore is involved in educational or pro-social undertakings, among others.
