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PPF Posts Excellent Financial Results in 2023

PPF a.s.

14/5/2024 | 1 minute to read

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PPF Group recorded a net profit of EUR 1.45 billion in 2023, its best financial result since 2008 when it booked gains from the sale of Ceska Pojistovna insurance company to Italy's Assicurazioni Generali.

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Press releases

All Group operating companies in the telecommunications, financial services, and media sectors in all the markets where PPF operates contributed to 2023's extraordinary result. One-off gains from the sale of Home Credit in the Philippines and Indonesia also played a positive role.

"I am proud of the joint work of our teams, which drove our excellent performance last year. I am also pleased that, thanks to our new investments, we have built a strong foundation for the Group's further development in the coming years," said Jiří Šmejc, CEO of PPF Group.

Key financial indicators in millions of EUR

 

31 December 2023

31 December 2022

y-o-y change

Profit

1,449

164

783.5%

 

31 December 2023

31 December 2022

y-o-y change

Total assets 

43,484

39,883

9.0%

Equity

9,262

9,250

0.1%