Kruk hungry for acquisitions

According to the CEO of WSE-listed debt collector Kruk, Piotr Krupa, the company wants to increase its M&A activity. “We feel strong and ready to consolidate the market. I think there will be such occasions. The competitive pressure on the market in previous periods was significant and a lot of portfolios were acquired by low-level entities. I put forward a thesis that it will force some to ask themselves what to do next, as Presco's owners did,” he said. He pointed out that Kruk has a net debt/equity ratio of 1, which means low leveling of international counterparts, with a relatively attractive cost of financing. “We have potential on the balance sheet to buy individual assets. Our balance sheet has a very large capacity, but it is also a matter of attractiveness of external financing. We are ready for three scenarios - consolidation, dividend, and wallet purchases,” Krupa concluded.