Ferratum Oyj : FERRATUM further increases transparency with additional segment reporting on product base
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Ferratum Oyj : FERRATUM further increases transparency with additional segment
reporting on product base
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Helsinki/Berlin, August 10, 2016 - Ferratum Oyj (ISIN: FI4000106299, WKN:
A1W9NS), a pioneer in the field of financial technology and an international
provider of mobile banking services has announced changes in reporting of its
operating segments.
Ferratum's Board of Directors has decided to change the Group's operating
segments from geographical to product base. This change already takes effect in
the H1 report 2016. Operating segments are now based on the five major product
types provided by Ferratum: Microloan, PLUS Loan, Credit Limit, Ferratum
Business (SME) and Other (FerBuy, Ferratum P2P and Mobile Bank).
Non-directly attributable costs are allocated according the share in revenue and
finance costs are allocated according the portfolio size of related types of
products, i.e. their share in total accounts receivable - consumer loans.
In order to further increase transparency and in terms of continuity the Board
of Directors of Ferratum Group also continues reporting revenues by geographical
principle. All the countries where the Group has operating activities are
combined into the following four regions (1) Nordics including Finland, Sweden,
Denmark and Norway, (2) BCN including Netherlands, UK, New Zealand, Australia
and Canada, (3) Northeast including Estonia, Latvia, Lithuania, Poland, Czech,
Slovakia and Russia, and (4) Other (Southeast and West) including Bulgaria,
Romania, Croatia, Spain, Germany, France and Mexico.
Business segments Year-End 2015
EUR '000 Micro PLUS Loan Credit Ferratum Other* Total
loan Limit Business
Revenue 58,510 12,678 39,398 373 50 111,008
Share in Revenue, 52.7% 11.4% 35.5% 0.3% 0.0% 100.0%
%
Directly
attributable cots:
Impairments (23,399) (3,159) (7,909) (138) (82) (34,687)
Marketing (6,208) (3,212) (9,381) (120) (1,125) (20,046)
Attributable 28,904 6,307 22,107 115 (1,158) 56,275
Product Margin
Non-directly
attributable
costs:
Personnel expenses (8,712) (1,888) (5,866) (55) (490) (17,010)
Lending costs (3,753) (813) (2,527) (24) - (7,116)
Other (575) (125) (387) (4) (161) (1,251)
administrative
expenses
Depreciation and (679) (147) (457) (4) (22) (1,309)
amortization
Other operating (6,561) (1,422) (4,418) (42) (668) (13,110)
expenses
Total Non-directly (20,278) (4,394) (13,654) (129) (1,341) (39,797)
attributable costs
Gross Product 8,625 1,913 8,453 (14) (2,499) 16,478
Margin
Gross Product 14.7% 15.1% 21.5%
Margin, %
Unallocated 95
finance income
Finance expenses (1,276) (744) (1,907) (79) (4) (4,010)
Unallocated (144)
finance expense
Finance costs, net (1,276) (744) (1,907) (79) (4) (4,059)
Net Product Margin 7,349 1,170 6,545 (93) (2,503) 12,419
Net Product 12.6% 9.2% 16.6%
Margin, %
Accounts 33,973 19,794 50,775 2,102 114 106,758
receivable -
consumer loans
Unallocated assets 33,369
Unallocated 62,489
liabilities
* Includes Mobile Bank, FerBuy and Ferratum P2P
Business segments 1 Half-Year 2015
EUR '000 Micro PLUS Loan Credit Ferratum Other* Total
loan Limit Business
Revenue 29,707 4,575 15,486 6 22 49,796
Share in Revenue, 59.7% 9.2% 31.1% 0.0% 0.0% 100.0%
%
Directly
attributable cots:
Impairments (10,818) (1,208) (4,345) (8) (65) (16,444)
Marketing (2,475) (1,198) (4,475) (2) (530) (8,681)
Attributable 16,414 2,169 6,665 (4) (574) 24,670
Product Margin
Non-directly
attributable
costs:
Personnel expenses (4,322) (666) (2,253) (1) (194) (7,435)
Lending costs (1,971) (304) (1,027) (0) - (3,302)
Other (293) (45) (153) (0) (46) (537)
administrative
expenses
Depreciation and (291) (45) (152) (0) - (488)
amortization
Other operating (3,861) (595) (2,013) (1) (151) (6,620)
expenses
Total Non-directly (10,738) (1,654) (5,598) (2) (390) (18,382)
attributable costs
Gross Product 5,675 515 1,068 (6) (964) 6,288
Margin
Gross Product 19.1% 11.3% 6.9%
Margin, %
Unallocated 839
finance income
Finance expenses (865) (288) (799) (5) (2) (1,958)
Finance costs, net (865) (288) (799) (5) (2) (1,119)
Net Product Margin 4,811 227 269 (11) (966) 5,169
Net Product 16.2% 5.0% 1.7%
Margin, %
Accounts 35,748 11,892 33,026 221 73 80,960
receivable -
consumer loans
Unallocated assets 35,965
Unallocated 46,234
liabilities
* Includes Mobile Bank, FerBuy and Ferratum P2P
Revenue of business segments geographically (YE and H1 2015)
EUR '000 Year-End 2015 1 Half-Year 2015
Nordics Finland, Sweden, 39,546 17,122
Denmark, Norway
BCN Netherlands, UK, New 21,674 10,498
Zealand, Australia,
Canada
Northeast Estonia, Latvia, 38,536 17,497
Lithuania, Poland,
Czech, Slovakia, Russia
Other (Southeast, West) Bulgaria, Romania, 11,252 4,679
Croatia, Spain,
Germany, France, Mexico
Total revenue 111,008 49,796
About Ferratum Group:
The Finnish Ferratum Group, a pioneer for mobile consumer loans in Europe,
offers short-term consumer loans for private customers. Ferratum's customers can
utilize digital media to apply for consumer credit in amounts varying between
EUR 25 and EUR 3,000. 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 more than 1.3 million active and former customers who have been
granted one or more loans in the past and 3.9 million total user accounts in its
database (as of 31 March 2016). Ferratum is represented in 23 markets.
Contacts:
Ferratum Group
Dr. Clemens Krause
T: +49 30 887 15 308
F: +49 30 887 15 309
M: clemens.krause(at)ferratum.com
Ferratum Group
Paul Wasastjerna
Head of Investor Relations
T: +358 40 724 8247
M: paul.wasastjerna(at)ferratum.com
cometis AG
Henryk Deter I Claudius Krause
T: +49 611 20 58 55 28
F: +49 611 20 58 55 66
M: krause(at)cometis.de
This announcement is distributed by GlobeNewswire on behalf of
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Ferratum Oyj via GlobeNewswire
[HUG#2034245]
Unternehmensinformation / Kurzprofil:
Datum: 10.08.2016 - 10:16 Uhr
Sprache: Deutsch
News-ID 488226
Anzahl Zeichen: 10045
contact information:
Town:
Helsinki
Kategorie:
Business News
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