DGAP-News: Ferratum Capital Germany GmbH: Ferratum Group publishes interim report for the first nine months 2013
(firmenpresse) - DGAP-News: Ferratum Capital Germany GmbH / Key word(s): Quarter
Results
Ferratum Capital Germany GmbH: Ferratum Group publishes interim report
for the first nine months 2013
15.11.2013 / 18:05
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Ferratum Group publishes interim report for the first nine months 2013
- Further growth with revenue increase of 16.8 % yoy
- Customer Base grew by 33.2 % yoy
- Preparations for market entry in Germany and Rumania: Further
profitable growth of the company is expected
Berlin, November 15, 2013 - The Ferratum Capital Germany GmbH, the German
corporation to Ferratum Group, the pioneer for mobile micro-credits in
Europe, announces the consolidated financial statements for the first nine
months of the business year 2013 today. The Finnish parent of the group JT
Family Holding Oy therefore serves as guarantor for the bond in the Entry
Standard of Frankfurt Stock Exchange that was successfully placed in
October 2013.
As a result of the consequently pursued expansion strategy, Ferratum Group
was able to increase its customer base by 33.2 % to 1.8 million customers
during the first three quarters of 2013 in comparison to the end of the
reporting period 2012 (2012: 1.3 million customers). Accordingly, revenues
were above the previous year's level: The revenue of Ferratum Group clearly
increased during the first nine months of 2013 by 16.8 % to EUR 40.5
million (Q1-Q3 2012: EUR 34.7 million).
Jorma Jokela, founder and CEO of the Ferratum Group, comments the business
development: 'After successfully integrating our businesses in Poland and
Slovakia under the Ferratum Bank, we now begin to see advantages the
consolidation brings along. We also managed to further extend our already
wide customer base existing in 18 markets. It is our long-term goal to
become the worldwide market leader for mobile micro credits. The underlying
profitability of our business model remains strong, although the margin
declined compared to the period of the preceding year due to higher
operative costs in the context of the expansion as well as unique costs for
the bond placement. Overall, we consider the business development as proof
for our operating strength and the very good base for the capability of
debt servicing.'
For the realization of future company growth the Ferratum Group has
obtained the banking license in Malta in 2012. The Ferratum Bank Ltd., an
affiliate of Ferratum Group, successfully started its business activities
in March 2013. The bank serves as a platform for further international
activities and enables the optimization of the business model in existing
countries. Channeling the business activities via the Bank entity and
consolidation in the European markets has brought along the increase in the
infrastructural costs of the Group. In addition, unique consulting costs in
the context of the successful bond placement in Germany fell partly into
this reporting period of 2013. Therefore the increased operational costs by
EUR 2.3 million were responsible for the lower profitability. Earnings
before interests and taxes (EBIT) decreased in the reporting period to EUR
4.8 million (Q1-Q3 2012: EUR 5.7 million). Earnings before taxes (EBT) were
EUR 2.8 million in the reporting period.
Jorma Jokela is confident of the future: 'Since its foundation in 2005 the
FerratumGroup has always been profitable and this was the case for the
first nine months of 2013. With an equity ratio of around 30 % we have a
solid balance sheet structure at our disposal. For a further positive
business development we set the course with the banking license as well as
with the bond placement in Germany. Overall, I regard Ferratum being
positioned for a sustainable and profitable growth of our customer oriented
business model.' Consequently, Ferratum has prepared for the market entry
in Germany in the third quarter as well as initiated the preparations for
the market entry in Rumania.
The entire interim report for the first nine months 2013 can be downloaded
from the Website www.ferratumgroup.com in the section 'bond' from now on.
Contact:
Ferratum Group
Dr. Clemens Krause
T: +49 30 88715308
F: +49 30 88715309
M: clemens.krause(at)ferratum.com
cometis AG
Henryk Deter | Mariana Kuhn
T: +49 611 20 58 55-61
F: +49 611 20 58 55-66
M: kuhn(at)cometis.de
End of Corporate News
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Datum: 15.11.2013 - 18:05 Uhr
Sprache: Deutsch
News-ID 317209
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