The WSE-listed debt management company significantly boosted its portfolio recoveries in the third quarter, achieving an increase of over 25%, bringing the total to PLN 114.5 million –its best-ever result for this period. Year-to-date, the Group has recorded recoveries exceeding PLN 350 million, a 20% increase compared to the same period last year. This growing inflow enhances the Group’s investment capacity. In the first nine months of 2024, BEST CG invested PLN 228 million in acquiring claim portfolios with a nominal value of PLN 1.11 billion.

– The third quarter was highly successful for us on multiple fronts. The increased efficiency of our organization, coupled with substantial investments in claim portfolios made in previous periods, led to further growth in recoveries. In turn, these higher recoveries, along with strong demand for BEST S.A.’s bonds, contributed to the success of two public bond issues during the summer. This has allowed us to maintain strong activity in the claim portfolio market. We are steadily executing our plan to significantly scale up the Group’s operations, fully leveraging our solid capital base and efficient organization, supported by bespoke technological solutions. I am confident that in both the final quarter of 2024 and beyond, we will continue to demonstrate our high level of business competence, comments Krzysztof Borusowski, President of the Management Board of BEST S.A.

In the third quarter of this year, the Group invested nearly PLN 50 million in acquiring claim portfolios with a nominal value of PLN 242.1 million. – We are actively pursuing the purchase of additional high-value portfolios, both in Poland and on the Italian market, where expansion remains a key business priority. Our plan for 2024 remains unchanged: we aim to allocate over PLN 300 million to portfolio acquisitions, matching or even surpassing last year’s record investment in the company’s growth, explains Marek Kucner.

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Information on BEST S.A.

BEST Capital Group is one of the largest debt collection companies in Poland, and it invests actively in portfolios of non-performing debts using investment funds. BEST S.A. has been listed at the Warsaw Stock Exchange (GPW) since 1997.

BEST, as a member and co-founder of the Association of Financial Companies in Poland, and a co-founder and moderator of the Good Debt Collection Practice actively contributes to the development and shaping of the claims market in Poland.

In 2023, repayments from claim portfolios due to BEST CG increased to PLN 385 million, operating revenues amounted to PLN 454 million and adjusted cash EBITDA exceeded PLN 220 million. The carrying value of BEST Capital Group’s claim portfolios at the end of 2023 was more than PLN 1.3 billion.

For more information, visit www.best.com.pl or contact us: