Ferratum Oyj - Annual report/ annual accounts

FERRATUM OYJ : Ferratum Group releases final figures for the financial year 2014

Helsinki/Berlin, March, 27 2015 - Ferratum Oyj (ISIN: FI4000106299, WKN: A1W9NS;
together  with  its  consolidated  subsidiaries  hereinafter "Ferratum Group" or"Ferratum"), an international provider of mobile consumer loans headquartered in
Helsinki,  is  today  releasing  its  consolidated  financial  statements  as at
December,  31 2014 drawn up in accordance with  IFRS. The final, audited figures
confirm the company's positive performance in the financial year 2014.

These  figures show that Ferratum lifted  revenues by 21.2% to EUR 70.5 million,
up  from EUR 58.2  million, thereby  setting a  new record. The positive revenue
development  is  especially  attributable  to  the  increase  in  the  number of
customers, which were up to around one million in the financial year 2014 (2013:
0.8 million  customers).  Adjusted  for  the  non-recurrent  costs  of  the IPO,
Ferratum  generated earnings before interest and  tax (EBIT) of EUR 11.8 million
from  its  operations.  The  adjusted  EBIT  margin  came in at 16.7%. Also when
including  the  IPO-related  costs,  EBIT  climbed  by 44.8% to EUR 10.6 million
(2013:  EUR 7.3 million), resulting  in an EBIT  margin of 15.1% (2013: 12.6%).
Growth  in  profitability  was  promoted  in  particular  by  an  optimised risk
management  system: with a larger portfolio  of EUR 61.5 million (2013: EUR 44.7
million) in customer receivables (microloans), the risk provision was reduced to
EUR 20.4  million in the period under review,  down from EUR 21.6 million in the
financial  year 2013. Adjusted earnings  before tax (EBT)  grew significantly to
EUR 7.7   million   (EUR 6.5  million  after  IPO-related  costs;  2013: EUR 3.9
million),  bringing  the  adjusted  EBT  margin to 10.9% (9.3% after IPO-related
costs;  2013: 6.7%). As  a  result,  the  Group's  profit was raised to a record
figure  of EUR 6.8 million  (EUR 5.6 million after  IPO-related costs), compared
with  the  previous  year's  figure  of  EUR 3.5  million,  which corresponds to
earnings  per  share  of  EUR 0.36  (with  18,744,200 shares  at  the end of the
reporting  period). Taking account of the  IPO-related costs, earnings per share
stood at EUR 0.31 (2013: EUR 0.19).

Jorma Jokela, founder and CEO of the Ferratum Group, summarised the year 2014 as
follows  and looks to the future with optimism: "The financial year 2014 was the
most  successful year  in the  company's 10-year  history, marking a significant
increase  in revenue and profitability. On top of this, Ferratum received around
EUR 48  million in growth  capital from its  successful IPO. We  have now set in
place a key prerequisite for moving ahead with dynamic and profitable growth."

The  defined  growth  strategy  will  be  consequently  pursued  in  the current
financial  year  and  beyond:  In  the  financial  year 2014, Ferratum commenced
operations  in Germany and Romania, and was able also to extend its geographical
reach  at  the  start  of  2015 through  its  market entry into Canada. Ferratum
currently  operates in 20 countries all  over the world and  has plans to expand
its  business  activities  to  encompass  30 countries  in  the  medium term. In
addition,  Ferratum will be rolling  out the activities of  Ferratum Bank Ltd to
other  countries in Europe.  The financial year  2014 saw Ferratum already using
its  EU  banking  licence  for  its  business activities in eight countries. The
product  portfolio was  also supplemented  by adding  three new  products. These
products  are to be introduced into other countries where Ferratum operates over
the  course of the financial year 2015. The new products will enable Ferratum to
offer  customers larger  loans and  longer terms,  thereby raising  revenues per
customer.

With  a view to  the vision of  developing Ferratum into  a leading mobile bank,
Jorma  Jokela stated: "With our EU banking  licence and our established Big Data
technology,  we are  excellently positioned  to play  a key  role in shaping the
digital  revolution in the banking sector as  a mobile bank. In this context, we
will  be concentrating on introducing the deposit business via the Ferratum bank
this year and plan to improve the mobile usability of our products and services.

The  full version of  the Annual Report  2014 is available today  in English for
downloading  from  the  company's  website  at  www.ferratumgroup.com  under the"Investor Relations" heading.

About Ferratum Group:

The  Finnish  Ferratum  Group,  a  pioneer  for mobile consumer loans in Europe,
offers short-term consumer loans. Ferratum's customers can utilize digital media
to  apply for consumer credit in amounts  varying between EUR 25 and EUR 2,000.
Managed  by its founder Jorma Jokela, Ferratum has expanded rapidly since it was
founded  in 2005: Ferratum has 1.0 million active  and former customers who have
been  granted one or more loans in  the past and 2.8 million total user accounts
in  its database (as of 31 December 2014). Ferratum is represented in 20 markets
and employs 383 people as of 31 December 2014.

Contact:

Ferratum Group

Dr. Clemens Krause, CFO

T: +49 30 88715308

F: +49 30 88715309

M: clemens.krause@ferratum.com



Ferratum Group

Paul Wasastjerna

Head of Investor Relations

T: +358 40 7248247

F: +358 20 741 1614

M: paul.wasastjerna@ferratum.com



cometis AG

Henryk Deter | Mariana Kuhn

T: +49 611 20 58 55-61

F: +49 611 20 58 55-66

M: kuhn@cometis.de


[HUG#1906776]

Liitteet:

Ferratum_Annual Report 2014_150327.pdf