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| Datum : | 15.05.2014 |
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DGAP-News: Ferratum Group: Successful start to the financial year confirmed profitable growth |
| Meldung : | DGAP-News: Ferratum Capital Germany GmbH / Key word(s): Quarter Results Ferratum Group: Successful start to the financial year confirmed profitable growth 15.05.2014 / 07:53 --------------------------------------------------------------------- Ferratum Group: Successful start to the financial year confirmed profitable growth - With revenue growth of around 13.6% (compared to Q1 2013) to EUR 14.7 million, Q1 2014 was the most successful quarter in the Group's history - Customer base grows by 38.2 % to 2.1 million customers in Q1 2014 - Operating Profit (EBIT) increased by 3.0% to EUR 2.0 million - Consistent implementation of the growth strategy offers potential for further development Berlin, May 15, 2014 - The Ferratum Group, a pioneer in mobile micro credits in Europe, has published the results for the first quarter of 2014 today. Overall, the company continued the positive trend of the previous year 2013. The consistent implementation of the expansion strategy provided positive impulses on the development of the business: Key factors in this context were the market entry in Germany and Romania as well as the continuous development of the product portfolio and investments in improved risk management system. Due to the sustained implementation of its expansion strategy, the Ferratum Group succeeded to increase the customer base by 38.2% to 2.1 million customers (Q1 2013: 1.5 million customers) in the first quarter of 2014. Accordingly, revenues of the Ferratum Group rose by 13.6% to EUR 14.7 million in the first three months of fiscal year 2014 (previous year: EUR 12.9 million). In addition, operating profit (EBIT) increased by 3.0% to EUR 2.0 million (previous year: EUR 1.9 million), which underlines the profitable growth of the Ferratum Group. Earnings before taxes (EBT) stood at EUR 1.1 million in the reporting period (Q1 2013: EUR 1.3 million). Jorma Jokela, founder and CEO of Ferratum Group, comments on the current business operations: "We are very satisfied with the current development. We have been able to significantly broaden our customer base and increase revenues and finally grow profitably. The first quarter of 2014 was the most successful quarter in the company's history. And also we have set the course for a future positive business development." Accordingly, we expect significant growth in revenue in all core markets, and an increase in profitability for fiscal year 2014. Based on previous development Ferratum expects a continuation of the expansion in the current financial year. For this purpose a portion of the proceeds from the bond issue in Germany were invested in the development of other growth markets as originally planned. In February 2014 Ferratum has commenced its operations in Romania. The operational start in Germany ensued in March 2014 through the establishment of the Ferratum Germany GmbH, one in Germany legally registered and authorized credit intermediaries, which now acts as an online sales platform. In the first quarter of 2014, the Ferratum Group has also successfully diversified its product portfolio. Besides the established microcredit, Ferratum now also offers Installment loans (PlusLoan) with larger amounts and longer repayment periods since the first quarter of 2014. In addition, the Finnish subsidiary Personal Big Data Oy, which was founded in 2013, contributes an extensive analysis of customer data with new software resulting in an improved risk management. About Ferratum Group The Finnish Ferratum Group, a pioneer for mobile micro credits in Europe, offers private short-term accommodation loans. Ferratum's customers can utilize digital media to apply for consumer credit in amounts varying between EUR 50 and EUR 2,000, with an average maturity of 33 days. Since the company's foundation in 2005 Ferratum has expanded rapidly: The company, managed by its founder Jorma Jokela, has a total of more than 1.9 million customers worldwide. In the fiscal year 2013 the annual revenue amounted to around EUR 58 million with an EBT margin of 6.7%. Ferratum is represented in 19 markets and employs more than 300 employees. Ferratum Bank Ltd, one of the Group subsidiaries, is a credit institution authorized and licenced in Malta. Contact: Ferratum Group Dr. Clemens Krause T: +49 30 88715308 F: +49 30 88715309 M: clemens.krause@ferratum.com cometis AG Henryk Deter | Mariana Kuhn T: +49 611 20 58 55-61 F: +49 611 20 58 55-66 M: kuhn@cometis.de End of Corporate News --------------------------------------------------------------------- 15.05.2014 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------- 268610 15.05.2014 |
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