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Ferratum: bond rating upgraded to BBB


Ferratum Capital Germany GmbH / Key word(s): Bond

2015-04-02 / 19:03


Ferratum: bond rating upgraded to BBB

- Profitable growth and improved capital base prompt Creditreform to lift the rating

Berlin, April 2, 2015 - Ferratum Capital Germany GmbH, the German company of Finnish parent company Ferratum Oyj (hereinafter the "Ferratum Group"), an international provider of mobile consumer loans headquartered in Helsinki, announces that the bond was newly rated with an investment grade of BBB by Creditreform Rating AG on 1 April 2015. The bond (ISIN: DE000A1X3VZ3, WKN: A1X3VZ) bearing a coupon of 8.00% p.a. has been listed in the Frankfurt Stock Exchange's Entry Standard for corporate bonds since October 16, 2013.

Creditreform based its reason for upgrading the rating on the continued revenue growth and positive results of the Ferratum Group in the financial year 2014, as well as on the capital increase of guarantor Ferratum Oyj, executed by way of IPO.

The Ferratum Group released its figures for the financial year 2014 on March 27, 2015. Compared with the financial year 2013, revenues rose by 21.2% to EUR 70.5 million, up from EUR 58.2 million, thereby setting a new record. Adjusted for the non-recurrent costs of the IPO, Ferratum generated earnings before interest and tax (EBIT) of EUR 11.8 million from its operations. Including the IPO costs, EBIT soared by 44.8% to EUR 10.6 million (2013: EUR 7.3 million). The Group's profit was raised from the year-earlier figure of EUR 3.5 million to a record EUR 6.8 million (EUR 5.6 million net of IPO costs).

Jorma Jokela, founder and CEO of the Ferratum Group, is delighted with the upgrade: "A higher rating awarded by Creditreform is another affirmation of Ferratum's success story. With our geographical presence in 20 countries, our diversified product portfolio, combined with our EU banking license, and our established Big Data technology, we are excellently positioned to sustain our dynamic and profitable growth."

Creditreform's full rating report will shortly be posted on the company's website at https://www.ferratumgroup.com/ under the Investor Relations heading.

About Ferratum Group:

The Finnish Ferratum Group, a pioneer for mobile consumer loans in Europe, offers short-term consumer loans. Ferratum's customers can utilize digital media to apply for consumer credit in amounts varying between EUR 25 and EUR 2,000. Managed by its founder Jorma Jokela, Ferratum has expanded rapidly since it was founded in 2005: Ferratum has 1.0 million active and former customers who have been granted one or more loans in the past and 2.8 million total user accounts in its database (as of 31 December 2014). Ferratum is represented in 20 markets and employs 383 people as of 31 December 2014.

Contact:
Ferratum Group
Dr. Clemens Krause, CFO
T: +49 30 88715308
F: +49 30 88715309
M: [email protected]

Ferratum Group
Paul Wasastjerna
Head of Investor Relations
T: +358 40 7248247
F: +358 20 741 1614
M: [email protected]

cometis AG
Henryk Deter | Mariana Kuhn
T: +49 611 20 58 55-61
F: +49 611 20 58 55-66
M: [email protected]





2015-04-02 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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