- KRUK Group’s H1 2024 net profit rose 14% to PLN 603M, with recoveries at PLN 1,738M, up 16%.
- Cash EBITDA increased 11% to PLN 1,191M. CEO Piotr Krupa highlights strong performance, technological advances, and plans for further growth, especially outside Poland.
- Total revenue reached PLN 1,481M, up 14%, with significant investments in Italy and France.
- The company aims to invest PLN 2.5B by year-end, maintaining moderate debt and high profitability.
August 27 2024 15:31:22 UTC– KRUK S.A. reported a 14% increase in net profit, reaching PLN 603 million, with cash EBITDA up 11% at PLN 1,191 million for the first half of 2024.
The company’s CEO, Piotr Krupa, highlighted strong recoveries and revenue growth, especially from debt portfolios in international markets.
Investments outside of Poland are a focus, with plans to invest over PLN 2.5 billion by year-end. The company’s financial position remains strong, with a positive outlook for the year.
“Most of KRUK’s investments have been made outside of Poland, though our home market remains important to us. We anticipate investing a total of PLN 2.5 billion or more by the end of the year, with a primary focus on unsecured retail debt,” Piotr Krupa, CEO and President of the Management Board of KRUK said. “We have excellent access to financing. The banks financing us are increasing their exposure to KRUK, and we have also seen strong interest in our bonds in the capital markets, with implied spreads narrowing to around 3% in our case.“