Ferratum Capital Germany GmbH / Key word(s): Half Year Results
13.08.2015 07:32
Dissemination of a Corporate News, transmitted by DGAP - a service of EQS
Group AG.
The issuer / publisher is solely responsible for the content of this announcement.
Ferratum publishes financial figures for the first half year of 2015
Berlin, August 13, 2015 - Ferratum Oyj (ISIN: FI4000106299, WKN: A1W9NS;
together with its consolidated subsidiaries hereinafter "Ferratum Group" or
"Ferratum"), an international provider of mobile consumer loans, a pioneer
in the field of "financial technology" and the Finnish parent company of
the German corporation and bond issuer Ferratum Capital Germany GmbH,
announced its key financial figures for the first six months of the
financial year 2015 today.
In the first half of 2015, the revenues of Ferratum Group increased
significantly by a total of 61.5% to EUR 49.8 million (H1 2014: EUR 30.8
million). Due to the increase of customer receivables during the reporting
period in the amount of EUR 81.0 million (12/2014: EUR 61.5 million) risk
provisioning also increased from EUR 9.5 million to EUR 16.4 million.
Operating costs rose significantly from EUR 16.3 million in the reporting
period of the previous year to EUR 27.1 million in the first half of 2015.
This figure includes the costs of EUR 0.5 million associated with the IPO.
Increased marketing and selling expenses that amounted to EUR 6.8 million
(H1 2014: EUR 3.9 million) in the reporting period were also partially
responsible for the significant increase. In line with this development,
Ferratum posted earnings before interest and tax (EBIT) of EUR 6.8 million
adjusted for non-recurring IPO expenses with its business operations. This
corresponds to an adjusted EBIT margin of 13.6%. Taking the IPO costs into
consideration, EBIT rose by 18.3% to EUR 6.3 million (H1 2014: EUR 5.3
million). This resulted in an EBIT margin of 12.6% (H1 2014: 17.2%). After
taking the net financial charges into account, adjusted earnings before tax
(EBT) increased by 55.8% to EUR 5.7 million (EUR 5.2 million after IPO
costs; H1 2014: EUR 3.6 million). The adjusted EBT margin was 11.4% (10.4%
after IPO costs; H1 2014: 11.8%). As a result, adjusted net income
increased significantly by a total of 67.1% to EUR 5.0 million (EUR 4.6
million after IPO costs) following EUR 3.0 million in the first half of
2014. With 21,577,750 shares issued (excluding treasury shares), undiluted
(basic) earnings per share amounted to EUR 0.22 (H1 2014: EUR 0.16) at the
end of the reporting period.
The full-length English-language report on the first six months of 2015 is
as of today available for downloading from the website under
www.ferratumgroup.com in the "Investor Relations" section.
END OF QUASI-AD-HOC-ANNOUNCEMENT
About Ferratum Group:
The Finnish Ferratum Group, a pioneer for mobile consumer loans in Europe,
offers short-term consumer loans for private persons. Ferratum's customers
can utilize digital media to apply for consumer credit in amounts varying
between EUR 25 and EUR 2,000. Moreover, Ferratum offers successful small
businesses installment loans with a term of six to twelve months. Managed
by its founder Jorma Jokela, Ferratum has expanded rapidly since it was
founded in 2005: Ferratum has 1.1 million active and former customers who
have been granted one or more loans in the past and 3.2 million total user
accounts in its database (as of 30 June 2015). Ferratum is represented in
22 markets and employed 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]
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