Profil:
Kruk SAKruk debt collector expects acceleration of investments
Listed debt collector Kruk expects an acceleration of investments in debt portfolios in the coming quarters, maintains that investments for the full year will amount to approximately PLN 2.5 billion (EUR 586.3 mln), company representatives told a conference. The management board will present a recommendation on profit distribution in May, it will be in line with the current dividend policy.
"It was a quarter in line with trends and a bit even better than we had assumed at budget level. We confirm our ambition that Kruk wants to grow this year," CEO Piotr Krupa said.
"We expect an acceleration of investments in the next quarters, we are targeting around PLN 2.5 billion of investments, it looks like this market is there, but it is a bit more competitive than last year," management board member Michal Zasepa added.
He reported that the management board had not made a recommendation on profit distribution, but that the board would 'stick to' the current dividend policy. He added that the recommendation itself will be presented in May.
Kruk's dividend policy for 2025-2029 assumes payment of a dividend of at least 30 percent of the consolidated net profit earned in the previous financial year attributable to shareholders of the parent company, if the debt, including the recommended dividend, does not exceed 3.0 net debt/EBITDA cash.
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