Eurofaktor, a factoring company, is planning to purchase invoices worth over ZL1bn and to make a ZL6m profit in 2004. According to preliminary data, in 2003 the company made approximately ZL3m in net profit.
The company purchased invoices worth ZL550m, which was ZL250m less than it had assumed. The fall in the value in purchased invoices against 2002, when Eurofaktor purchased ZL620m, results from the fact that the company verified its contracts portfolio. The company focused only on safe segments of the market.
In order to meet its projections for 2004 the company needs an inflow of capital. Eurofaktor, whose share capital amounts to ZL30m, is searching for an investor who would allot between ZL30 and ZL40m for the company's capital increase.
Kazimierz Abrahamczyk, Eurofaktor's general director, stresses his company wants to find a long-term passive investor. Eurofaktor has a 4.5 per cent share in the market. Its main shareholder is Bonum.
