23/05/2019
PPF Group N.V. reports its audited consolidated financial results as at 31 December 2018 under IFRS
At
the end of last year, PPF Group’s total assets exceeded EUR 45 billion and its
net profit for 2018 reached EUR 865 million.
Key indicators:
As at the end of 2018,
PPF Group’s assets exceeded EUR 45 billion, up by 18% year-on-year (EUR 38
billion as at 31 December 2017).
As at 31 December 2018, equity
attributable to shareholders amounted to EUR 7.5 billion (EUR 6.9
billion as at 31 December 2017).
Net profit for 2018
reached EUR 865 million, growing 25% year-on-year (net profit for 2017 amounted
to EUR 690 million).
“2018 was another successful year for the
Group. All key assets in consumer finance, banking, telecommunications and real
estate have shown stable profitability. PPF Group’s financial services segment,
represented mainly by Home Credit and PPF banka, was the key driver of the
profit growth last year. We are continuing with our established diversification
strategy across regions and industries. The completion of new
telecommunications acquisitions strengthened our core segments and the Group
further diversified its business activities by entering into the mechanical
engineering sector”, commented Kateřina Jirásková, Chief Financial Officer,
PPF Group.
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