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The BEST group off to a good start into the new year Repayments and debt investments grow in Q1 2017

In Q1 2017 the repayments under the managed debt portfolios amounted to PLN 61.6 mln at the Group level, as compared to PLN 52.5 mln in the same period last year, which means over a 17% increase y/y. During this period, the Group invested PLN 78.4 mln in new debt portfolios, acquiring debt portfolios with the nominal value of PLN 418.5 mln. For comparison’s sake, in Q1 2016 the Group invested PLN 44.7 mln in new debt portfolios, acquiring debt portfolios with the total nominal value of PLN 321.8 mln. – In 2016, the repayments under the managed debt portfolios were record-high(+30% y/y). Another positive trend was the significant growth of investments in new debt portfolios – we invested more than PLN 250 mln during the year. Our plans for this year are equally ambitious. The operating results in Q1 2017 prove that we are not slowing down. We have been able to maintain the high volume of recovered receivables, as well as keep the investments in new portfolios growing. We hope this will translate into further dynamic growth. We intend to continue to increase the scale of our operations – says Krzysztof Borusowski, President of the Management Board, BEST S.A.

 

- We do realize that the debt management market is becoming more and more competitive. With this in mind, we are constantly working on improving our operational efficiency. Recent months have been particularly busy as we have been implementing SIGMA, a proprietary operating system designed to support the debt management process across the Group. For us, this marks a huge change, not only at the technological level, but also quality-wise – adds Krzysztof Borusowski.

 

Debt portfolios acquired by BEST Group entities and repayments under the acquired debt portfolios

(PLN million)

Q1 2017

Q1 2016

Movement YOY

Nominal value of debt portfolios acquired

418.5

321.8

+30%

Acquisition cost of debt portfolios

78.4

44.7

+75%

Total value of repayments under debt portfolios

61.6

52.5

+17%

Repayments under debt portfolios due to BEST Group 1)

50.7

41.0

+24%

1) 100% BEST I NSFIZ, 100% BEST II NSFIZ, 50% BEST III NSFIZ

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General information about BEST

 

BEST S.A. specialises in trading in and managing non-performing debt and has been listed on the Warsaw Stock Exchange since 1997. BEST Group actively invests in debt portfolios (especially bank debts) using securitisation funds and provides debt collection services to third parties: banks, telecommunication and power companies, as well as other providers of general services.

 

The combination of expertise in debt collection and in the establishment and management of investment funds has allowed the entity to concentrate all elements of the business model within a single capital group.

 

The total nominal value of own debts and third party debts managed by BEST exceeds PLN 12.8 billion (as at 31 December 2016). In 2016, BEST Group generated a net profit of PLN 38.8 million with operating income amounting to PLN 210.3 million.

 

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

Joanna Sokołowska

CC Group Sp. z o.o.

22 440 14 40, 605 959 539

j.sokolowska@ccgroup.com.pl

 

 

You can also follow BEST Group on Twitter: https://twitter.com/BEST_Grupa

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