FERRATUM OYJ: Ferratum Group narrows guidance for fiscal year 2017
(Thomson Reuters ONE) -
Ferratum Group narrows guidance for fiscal year 2017
Helsinki, 16 November 2017 - Ferratum Oyj (ISIN: FI4000106299, WKN: A1W9NS)
("Ferratum" or the "Group") announces revised expectations concerning the
Group's business development and performance for the fiscal year 2017 and
narrows previously published guidance.
In view of the Group's record financial performance and strong operational
progress over the past three quarters, published separately today, the Board of
Directors of Ferratum is confident that the Group will now achieve the upper end
of previously published revenue guidance for fiscal year 2017. Accordingly, the
Board now estimates Group revenue for fiscal year 2017 to range between EUR 215
million and EUR 225 million, and the Group operating profitability margin (EBIT
margin) to range between 14% and 16%.
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 six
existing markets is small and will increase. Ferratum plans to introduce the
product in additional markets
* The Ferratum Mobile Bank has been, and will continue to be, introduced in
additional countries and will generate new customers, increased customer
loyalty, cross-selling opportunities, increased deposit volume and
diversified 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 Group's current opinion.
The information presented above may include forward-looking statements. These
statements are not a guarantee of the development of the Group's result of
operations and financial position in the future, and the Group'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 AD-HOC ANNOUNCEMENT
About Ferratum Group:
Ferratum Group is an international provider of mobile banking and digital
consumer and small business loans, distributed and managed by mobile devices.
Founded in 2005 and headquartered in Helsinki, Finland, Ferratum has expanded
rapidly to 25 countries across Europe, Africa, South and North America and the
Asia-Pacific region.
As a pioneer in digital and mobile financial services technology, Ferratum is at
the forefront of the digital banking revolution. Ferratum Mobile Bank, launched
in 2016, is an innovative mobile banking platform offering a range of banking
services, including real time digital payments and transfers, within a single
app. It is currently available in five European markets. Led by its founder,
Jorma Jokela, Ferratum has approximately 1.8 million active and former customers
who have been granted one or more loans in the past (as at 30 September 2017).
Ferratum Group is listed on the Prime Standard of Frankfurt Stock Exchange under
symbol 'FRU.' For more information, visit www.ferratumgroup.com.
Contacts:
Ferratum Group European media enquiries:
Dr. Clemens Krause, CFO Edelman.ergo, A Daniel J Edelman Company
T: +358 40 7248247 Alexander Schmidt | Andreas Martin
F: +358 20 741 1614 T: +49 69 27 13 89 26
E: clemens.krause(at)ferratum.com E: Alexander.Schmidt(at)edelmanergo.com
E: Andreas.Martin(at)edelmanergo.com
Ferratum Group UK media enquiries:
Paul Wasastjerna Smithfield, A Daniel J Edelman Company
Head of Investor Relations Alex Simmons | Brett Jacobs
T: +358 40 7248247 T: +44 20 7903 0669 | +44 20 7903 0675
F: +358 20 741 1614 E: asimmons(at)smithfieldgroup.com
E: paul.wasastjerna(at)ferratum.com E: bjacobs(at)smithfieldgroup.com
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:
Bereitgestellt von Benutzer: hugin
" alt="QYOU India premieres on Tata Sky, announces partnership with Pocket AcesDatum: 16.11.2017 - 07:30 Uhr
Sprache: Deutsch
News-ID 568408
Anzahl Zeichen: 5281
contact information:
Town:
Helsinki
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 243 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"FERRATUM OYJ: Ferratum Group narrows guidance for fiscal year 2017"
steht unter der journalistisch-redaktionellen Verantwortung von
FERRATUM OYJ (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
