DGAP-Adhoc
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Ferratum Capital Germany GmbH: Ferratum Group narrows guidance for fiscal year 2017
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DGAP-Ad-hoc: Ferratum Capital Germany GmbH / Schlagwort(e): Prognose/Prognoseänderung 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
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