PPF Group N.V. announces its audited consolidated financial results for the year ended 31 December 2015, in accordance with IFRS
PPF Group’s total assets exceeded EUR 21.6 billion at the end of last year. Revenue was nearly EUR 6 billion and the Group posted a net profit in excess of EUR 350 million.
Key financial indicators:
- PPF Group’s revenue was EUR 5.941 billion.
- Total equity attributable to shareholders was EUR 5.163 billion as at 31 December 2015 (EUR 4.879 billion as at 31 December 2014).
- The Group’s total assets reached EUR 21.611 billion, remaining at similar level to the previous year (EUR 21.893 billion as at 31 December 2014).
- The Group generated a net profit of EUR 352 million for 2015.
“In 2015, the Group benefited from the geographical and business diversification of its activities. In the field of telecommunications, we successfully demerged O2 into two companies; CETIN thus became a strategic part of the Group. We steadied our other key asset, Home Credit, thanks to its growth in Asia and the stabilisation measures taken by our Russian bank,” said Kateřina Jirásková, PPF Group’s Chief Financial Officer, commenting on the results for 2015.