Ferratum Oyj - Half Year financial report

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

Ferratum publishes financial figures for the first half year of 2015

Helsinki/Berlin,  August  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", announced its key financial figures for
the first six months of the financial year 2015 today.

In   the   first   half  of  2015, the  revenues  of  Ferratum  Group  increased
significantly  by  a  total  of  61.5% to  EUR  49.8 million (H1 2014: EUR 30.8
million).  Due  to  the  increase  of  customer receivables during the reporting
period  in  the  amount  of  EUR  81.0 million  (12/2014: EUR 61.5 million) risk
provisioning  also increased from EUR 9.5 million to EUR 16.4 million. Operating
costs  rose significantly from  EUR 16.3 million in  the reporting period of the
previous  year  to  EUR  27.1 million  in  the  first  half of 2015. This figure
includes  the  costs  of  EUR  0.5 million  associated  with  the IPO. Increased
marketing  and selling expenses  that amounted to  EUR 6.8 million (H1 2014: EUR
3.9 million)  in the  reporting period  were also  partially responsible for the
significant  increase. In line  with this development,  Ferratum posted earnings
before interest and tax (EBIT) of EUR 6.8 million adjusted for non-recurring IPO
expenses  with its  business operations.  This corresponds  to an  adjusted EBIT
margin  of 13.6%. Taking the IPO costs into consideration, EBIT rose by 18.3% to
EUR  6.3 million (H1 2014: EUR 5.3 million). This  resulted in an EBIT margin of
12.6% (H1  2014: 17.2%). After taking  the net  financial charges  into account,
adjusted  earnings before tax  (EBT) increased by  55.8% to EUR 5.7 million (EUR
5.2 million  after IPO costs; H1 2014: EUR 3.6 million). The adjusted EBT margin
was  11.4% (10.4% after  IPO costs;  H1 2014: 11.8%). As  a result, adjusted net
income  increased significantly by a total of 67.1% to EUR 5.0 million (EUR 4.6
million  after IPO costs) following EUR 3.0 million  in the first half of 2014.
With  21,577,750 shares  issued  (excluding  treasury shares), undiluted (basic)
earnings  per share amounted to  EUR 0.22 (H1 2014: EUR 0.16) at  the end of the
reporting period.

The full-length English-language report on the first six months of 2015 is as of
today  available for downloading from the website under www.ferratumgroup.com in
the "Investor Relations" section.

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 persons. Ferratum's customers can
utilize  digital media to  apply for consumer  credit in amounts varying between
EUR  25 and  EUR  2,000. 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 1.1 million active and former  customers who have been granted one
or  more loans in the  past and 3.2 million total  user accounts in its database
(as  of 30 June 2015). Ferratum  is represented in  22 markets and employed 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#1945267]

Attachments:

Ferratum_Half Year Report 2015.pdf