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Ferratum Oyj: Ferratum publishes revenue and margin guidance for 2018

DGAP-News: Ferratum Oyj / Schlagwort(e): Prognose Ferratum Oyj: Ferratum publishes revenue and margin guidance for 2018 10.01.2018 / 07:30 Für den Inhalt der Mitteilung ist der Emittent verantwortlich. Ferratum publishes revenue and margin guidance for 2018

Helsinki, 10 January 2018 - The Board of Directors of Ferratum Oyj (ISIN: FI4000106299, WKN: A1W9NS) is pleased to publish its expectations concerning Ferratum Group's further business development and performance for the 2018 fiscal year.

The Board estimates revenues for the fiscal year 2018 will range between EUR 280 million and EUR 310 million, with the operating profit margin (EBIT margin) expected to be within the range of 13% and 16%.

Ferratum Oyj bases this 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

- Moderate expectations on the 2018 contribution of new revenue streams from partnerships, mobile bank innovations

- Ferratum Business (SME) continues to grow as market share in the 6 existing markets is small and expected to increase. Ferratum also plans to introduce Ferratum Business in additional markets

- Ferratum Mobile Bank is 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

- The application of IFRS 9, which is effective from 1 January 2018 will have no material impact on credit losses in the Group's Consolidated Income Statement

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.