Interim Reports 1Q 2024 The Management Board of KRUK S. A. publishes KRUK Group’s report for the period January 1st- March 31th 2024, issued on May 7th 2024. The report consists of three parts:
KRUK Group FS Q1 2024 1part
KRUK FS Q1 2024_2part
KRUK's Q1 2024 additional information_3part.
Financial highlights
Financial highlights
PLN '000
EUR '000
For the period
1 Jan–31 Mar 2024 unaudited
1 Jan–31 Mar 2023 unaudited
1 Jan–31 Mar 2024 unaudited
1 Jan–31 Mar 2023 unaudited
Revenue
748,137
614,758
173,136
130,787
Operating profit
418,003
329,368
96,735
70,071
Profit before tax
325,484
268,510
75,324
57,124
Net profit attributable to owners of the Parent
338,334
234,401
78,298
49,868
Net cash from operating activities
231,580
(29,427)
53,593
(6,260)
Purchase of debt portfolios at prices as per agreement
335,198
524,406
77,572
111,565
Cash recoveries
854,321
724,453
197,709
154,124
Net cash from investing activities
(711)
12,322
(165)
2,621
Net cash from financing activities
(334,488)
44,382
(77,408)
9,442
Net change in cash
(103,619)
27,277
(23,980)
5,803
Diluted earnings per share (PLN/EUR)
16.55
11.65
3.83
2.48
Average number of shares (‘000)
19,319
19,319
19,319
19,319
Earnings per share (PLN/EUR)
17.51
12.13
4.05
2.58
As at
31 Mar 2024 unaudited
31 Dec 2023
31 Mar 2024 unaudited
31 Dec 2023
Total assets
9,943,315
9,928,505
2,311,915
2,283,465
Non-current liabilities
5,065,082
5,385,216
1,177,680
1,238,550
Current liabilities
722,072
752,479
167,889
173,063
Equity
4,156,161
3,790,810
966,347
871,851
Share capital
19,319
19,319
4,492
4,443
Book value per ordinary share
215.13
196.22
50.02
45.13
The interim report for the first quarter has not been reviewed by the company’s auditor.
Tomasz Kałuziak tel. no.: +48 71 345 6789 e-mail: ir@kruksa.pl About Us KRUK Group is a leading European player in debt management sector. The company was established in 1998 and now operates in Poland, Romania, Italy, Spain, Czechia and Slovakia, as well as holds assets in Germany. KRUK is present on Warsaw Stock Exchange in Poland and is also regular issuer of bonds on Warsaw Bond Market - Catalyst.
Kruk SA is a Poland-based company, which is engaged in the business support industry. The Company is a multi-operator, which offers loss prevention and debt collection services. The Company divides its business into two main operating segments: Debt Purchase, including acquisition of non-performing debt portfolios, and Debt Collection Outsourcing, offering fee-based collection of debt on clientâs behalf, focused on consumer and corporate loans. The Company provides services to financial institutions and large corporate customers. It manages receivables of banks, credit intermediaries, leasing companies and digital platform providers, among others. The Companyâs operating activities concentrate in a number of countries, such as Poland, Romania, Czech Republic, Slovakia and Spain. The Company's subsidiaries include Kruk Deutschland GmbH, Presco Investments Sarl and Espand Soluciones de Gestion y Recuperacion de Deuda SL, among others.