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KRUK SA (KRKKF)
:KRKKF
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Earnings Data
Report Date
Mar 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
2.86Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 28, 2018
|% Change Since: -4.80%
|Next Earnings Date:Sep 07, 2018
Earnings Call Sentiment|Positive
KRUK Group demonstrated strong financial performance with record net profits and successful investments, while addressing some challenges such as increased operating costs and underperformance in Spain. They continue to focus on digital transformation and strategic investments.Company Guidance
In the Q3 2024 earnings call, Michal Zasepa, an executive of KRUK Group, provided an optimistic outlook on the company's financial performance and strategic initiatives. The group reported a record profit of PLN 959 million for the first nine months, with expectations to surpass PLN 1 billion by year-end. Key financial metrics highlighted included a 14% year-on-year growth in back-book recoveries, a 9% rise in cash EBITDA, and a 27% increase in net profit. The company has invested PLN 1.6 billion this year, aiming for at least PLN 2.5 billion in total investments. Operating costs rose by 21%, attributed to increased legal fees and salary adjustments. Geographically, Poland, Romania, and Italy met ambitious operational goals, while Spain underperformed against expectations but exceeded accounting forecasts. KRUK also highlighted its stable return on equity and moderate leverage of 2.5. Further, the group emphasized a strategic focus on technology transformation and anticipated continued market leadership in consumer finance unsecured portfolios. Lastly, Zasepa touched upon future regulatory impacts, such as the GloBE Pillar 2 taxation, and potential funding strategies, including bond issuance and bank funding.Record Net Profit
KRUK Group recorded a profit of PLN 959 million for the first nine months, nearing the PLN 1 billion net profit threshold, with a year-on-year growth of 27% in net profit.
Strong Recovery Performance
Recoveries from back-book purchases grew by 14% year-on-year, with Poland contributing 42% and achieving ambitious operating goals in Poland, Romania, and Italy.
Successful Investment Strategy
KRUK Group invested PLN 1.6 billion and expects to reach at least PLN 2.5 billion by the year-end. They maintained a moderate leverage ratio at 2.5.
Positive Revaluation Impact
Significant positive revaluation was noted in the Polish and Romanian back-books, contributing to higher revenues in Q3.
Debt and Financing Achievements
Strong access to debt funding with a successful bond issue in Poland, which was 4x oversubscribed, indicating strong market confidence.
Digital Transformation Focus
KRUK Group is focusing on technology transformation to increase efficiency and profitability in the mid to long term.
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KRKKF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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KRKKF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 29, 2024 | $106.74 | $107.22 | +0.45% |
| Aug 27, 2024 | $110.88 | $113.24 | +2.13% |
| May 08, 2024 | $118.78 | $115.32 | -2.91% |
| Feb 27, 2024 | $112.38 | $113.34 | +0.85% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does KRUK SA (KRKKF) report earnings?
KRUK SA (KRKKF) is schdueled to report earning on Mar 06, 2025, TBA Not Confirmed.
What is KRUK SA (KRKKF) earnings time?
KRUK SA (KRKKF) earnings time is at Mar 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KRKKF EPS forecast?
Currently, no data Available
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