Ad hoc: Ferratum publishes its guidance for 2016 and 2017
(Thomson Reuters ONE) -
Ferratum Oyj /
Keyword(s): Pure forecast /
Ad hoc: Ferratum publishes its guidance for 2016 and 2017
. Ad hoc announcement according to § 15 WpHG. Processed and transmitted by Nasdaq Corporate Solutions.
The issuer is solely responsible for the content of this announcement.
Ferratum publishes its guidance for 2016 and 2017
Helsinki, September 6, 2016 - Ferratum Oyj (ISIN: FI4000106299, WKN: A1W9NS)
quantifies its expectations concerning the company's further business
development and issues guidance for the fiscal years 2016 and 2017. The Board of
Directors of Ferratum Oyj estimates revenues for the fiscal year 2016 to range
between EUR 150 million and EUR 160 million and for 2017 to range between EUR
200 and EUR 225 million. The operative profitability margin (EBIT margin) is
expected to range between 13% and 16% for both fiscal years.
Ferratum Oyj bases the given guidance on certain assumptions, including:
* Consumer credit volumes continue to grow, exceeding the market average,
based on new customers, continued diversification of consumer lending
products and growth in new markets.
* Ferratum Business (SME) continues to grow as market share in the 5 existing
markets is small and will increase. Ferratum plans to introduce the product
in additional markets.
* The Ferratum Mobile Bank is to be introduced in additional countries and
thus to generate new customers, improve customer loyalty, stimulate cross
selling, increase deposit volume and to diversify deposit currencies.
* No material negative changes in the consumer and business credit markets.
* Stable capital market conditions.
* No unexpected significant new regulatory challenges or changes.
Disclaimer
All of the estimates presented herein are based on the Company's current
opinion. The information presented above may include forward-looking statements.
These statements are not a guarantee of the development of the Company's result
of operations and financial position in the future, and the Company's actual
result of operations and financial position could differ significantly from any
information expressly or indirectly presented in forward-looking statements due
to numerous factors. Investors are advised to take a qualified view of the
aforementioned statements.
END OF THE 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 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
instalment 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 1.4 million active and former customers who have been
granted one or more loans in the past and 4.1 million total user accounts in its
database (as of 30 June 2016). Ferratum is represented in 23 markets.
Contact:
Ferratum Group
Dr. Clemens Krause, CFO
T: +49 30 88715308
F: +49 30 88715309
M: clemens.krause(at)ferratum.com
Ferratum Group
Paul Wasastjerna
Head of Investor Relations
T: +358 40 7248247
F: +358 20 741 1614
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 Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Ferratum Oyj via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 06.09.2016 - 20:27 Uhr
Sprache: Deutsch
News-ID 493044
Anzahl Zeichen: 4385
contact information:
Town:
Helsinki
Kategorie:
Business News
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