Oct 30, 2024 / 01:30PM GMT
Michal Zasepa - Kruk SA - Chief Financial Officer, Member of the Management Board
(audio in progress) Michal Zasepa. And then this is a meeting in which I will comment on the nine months results of Kruk Group. Thank you for your time. Thank you for your interest in listening to this commentary. I hope you can see the presentation that I'm sharing.
This presentation is available on our website. And so let me go through the highlights of what has happened of the third quarter. And during the presentation and after that, please do ask questions through the questions section here on this Teams' interface. So let's start. So I'm happy to say this is the best nine months in our history.
We have earned PLN959 million of profit, very close to the PLN1 billion net profit threshold. So it's quite likely we will have a record year in terms of net profit beating PLN1 billion, of course. This is based on very good performance of the back-book. Recoveries from that purchase grew 14% year-on-year. Cash EBITDA grew slower at 9%, reflecting the more long-term nature of the business and the fact that once
Q3 2024 Kruk SA Earnings Call Transcript
Oct 30, 2024
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