PPF Group N.V. reports its audited consolidated financial results as at 31 December 2017 under IFRS
At the end of last year, PPF Group’s total assets exceeded EUR 38 billion and its net profit totalled EUR 642 million.
- As at the end of 2017, PPF Group’s assets exceeded EUR 38 billion, up by 41% year-on-year (as at 31 December 2016, EUR 27 billion).
- As at 31 December 2017, equity attributable to shareholders amounted to EUR 6.9 billion (as at 31 December 2016, it amounted to EUR 6.4 billion).
- For the full year 2017, PPF Group generated a net profit of EUR 642 million (as at 31 December 2016, its net profit amounted to EUR 1 billion, over a third of which was attributable to one-off operations). On a comparable basis, this represents a growth of 6% year-on-year.
“Last year was another successful year for the Group. The profitability of all key assets met our expectations across consumer finance, banking, telecommunications and real estate. Home Credit’s Asian countries were the primary contributors to the growth in assets. We have further underpinned our long-standing successful strategy of geographic and sectoral diversification with new acquisitions both in the e-commerce sector and in the engineering industry,” Kateřina Jirásková, Chief Financial Officer, PPF Group, commented on the results for 2017.