DGAP-News

Ferratum Oyj: Interim Report January - March 2018

DGAP-News: Ferratum Oyj / Schlagwort(e): Quartals-/Zwischenmitteilung Ferratum Oyj: Interim Report January - March 2018 30.05.2018 / 07:30 Für den Inhalt der Mitteilung ist der Emittent verantwortlich. Interim Report January - March 2018

Ferratum Group Q1 revenue growth in line with expectations; operating profit up 48.5% year-on-year

Helsinki, 30 May 2018 - Ferratum Oyj (ISIN: FI4000106299, WKN: A1W9NS) ("Ferratum" or the "Group") announces preliminary unaudited results for the 3 months ended 31 March 2018 ("Q1 2018").

Q1 2018 highlights

- Revenue of EUR 61.4 million - up 22.9% year-on-year

- Operating profit (EBIT) of EUR 10.2 million - up 48.5% year-on-year

- EBIT margin of 16.6%

- Positive operating cash flow of EUR 1.9 million maintained

- Profit before tax (EBT) of EUR 6.6 million - up 11.4% year-on-year -impacted by unfavourable currency volatility in Q1 2018 of EUR 1.2 million

- The increase in net financing costs from EUR 0.9 million in Q1 2017 to EUR 3.5 million in Q1 2018 is mostly attributable to a currency gain of EUR 842,000 in Q1 2017 and a currency loss of 1.2 million in 1Q 2018.

- EPS (basic and diluted) increased 13.0% to EUR 0.26 per share

- Net book value of loan portfolio grew by 3.1% to EUR 265 million (Q4 2017: EUR 257 million)

- Deposits from customers increased by 10.5% to EUR 192.7 million

- Customer figure increased by 17.8% to 1.9 million

Key Figures

 

	3 months ended 31 March
EUR '000	2018	2017
Revenue	61,442	50,009
Operating profit (EBIT)	10,169	6,849
Profit before tax	6,626	5,946
Profit before tax %	10.8%	11.9%
Net cash flows from operating activities before movements in portfolio and deposits received	28,934	23,706
Net cash flows from operating activities	1,870	1,940
Net cash flows from investing activities	(2,047)	(2,172)
Net cash flows from financing activities	1,291	(8,487)
Net increase/decrease in cash and cash equivalents	1,114	(8,719)
Earnings per share, basic (EUR)	0.26	0.23
Earnings per share, diluted (EUR)	0.26	0.23