News

May 11, 2018
BEST SA
Q1 Financial Results – Investor meeting

On May 11, 2018, Management Board of BEST SA Group presented its financial results for first quarter of 2018. During the meeting with investors in Warsaw, company’s representatives discussed the condition of the current state of the market of irregular receivables in the context of dynamic changes that had taken place recently as well as the company's condition and its strategy for the coming years. The meeting with investors was also an opportunity to present the technological development stages of BEST CG.


BEST S.A. Group was represented by:

  • Krzysztof Borusowski, President of the Management Board
  • Marek Kucner, Vice-President of the Management Board
  • Jacek Zawadzki, Member of the Management Board

President of the Management Board, Krzysztof Borusowski presented the company’s general situation and stressed that the company is a stable and reliable partner – both in the context of operating activities, functioning on the Warsaw Stock Exchange, and wise financial policy including timely repayment of bonds. He pointed out that the Group is open to buying debt portfolios – as it has been the case so far – from primary creditors as well as from secondary creditors - that is, market consolidation, its current situation opens up many new opportunities.

 

Vice President of the Board of BEST S.A., Marek Kucner discussed the financial results in great detail. In the first quarter of 2018, the claim repayment amounted to PLN 71.6 million, PLN 62.0 million of which were payable to the BEST Group – 22% more than in Q1 2017. The book value of debt portfolios payable to BEST Group amounted to nearly PLN 1 billion.

 

Jacek Zawadzki, Member of the Board of BEST S.A. presented the technological development stages of BEST Group. He emphasized the importance of the company's technological advancement in being a stable and credible partner for investors. Thanks to the technology, the operational efficiency of BEST S.A. increases – multi-channel contact center, biometric signature, automation of file management or artificial intelligence in analytics are the key tools for the group.

 


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