Ferratum Oyj - Quarterly report

FERRATUM OYJ : Ferratum publishes financial figures for the first quarter of 2015

Ferratum publishes financial figures for the first quarter of 2015

Helsinki/Berlin,  May 13, 2015 - Ferratum Oyj  (ISIN: FI4000106299, WKN: A1W9NS;
together  with  its  consolidated  subsidiaries  hereinafter "Ferratum Group" or"Ferratum"), an international provider of mobile consumer loans and a pioneer in
the  field of "financial technology", has today published its key financials for
the first three months of 2015.

During  the first  quarter of  2015 Ferratum succeeded  in raising the number of
customers  to  around  1.0 million  customers  (Q1 2014: 0.8 million customers).
Accordingly,  the revenues of the Ferratum Group registered a marked increase of
57.2% from  EUR  14.7 million  in  the  previous  year  to EUR 23.0 million. The
customer  receivables grew significantly from EUR 46.8 million in the prior-year
period  to  EUR  71.1 million  in  the  2015 reporting period. By contrast, risk
provisioning  increased by a relatively minor extent from EUR 5.4 million to EUR
7.7 million  in  the  first  quarter  2015 due  to  optimised  risk  management.
Operating  costs (including  EUR 0.5 million  of IPO  costs), however, rose to a
total  of EUR 12.9 million in the period  under review, while operating costs of
EUR  7.6 million were incurred in  the first quarter of  2014. In line with this
development,  Ferratum  generated  operating  earnings  before  interest and tax
(EBIT)  of EUR  3.1 million (adjusted  for the  non-recurrent costs of the IPO),
reflecting an adjusted EBIT margin of 13.3%. Taking IPO costs into account, EBIT
advanced  by 30.8% to EUR 2.6 million (Q1 2014: EUR 2.0 million). This result is
equivalent  to  an  EBIT  margin  of 11.2% (Q1 2014: 13.5%). After deducting net
finance costs, adjusted earnings before tax (EBT) reported significant growth to
EUR  3.0 million  (EUR  2.6 million  after  IPO-related costs; Q1 2014: EUR 1.1
million).  The adjusted EBT  margin rose accordingly  to 13.2% (11.1% after IPO-
related  costs; Q1 2014: 7.6%). As a consequence, profit for the period posted a
marked  increase from EUR 0.9 million  in the first quarter  of 2014 to EUR 2.7
million  (EUR 2.2 million  after IPO-related  costs). Given 21,577,750 shares in
issue (excluding treasury shares), undiluted (basic) earnings per share amounted
to EUR 0.11 at the end of the period under review (Q1 2014: EUR 0.05).

The  full  English-language  report  for  the  first three months of 2015 can be
downloaded  as from  today from  the company's  website at www.ferratumgroup.com
within the "Investor Relations" area.

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. 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 3.0 million total user accounts
in its database (as of 31 March 2015). Ferratum is represented in 21 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#1921209]

Attachments:

Ferratum_Q1 Report 2015_150513.pdf