DGAP-News

Ferratum Oyj: Interim Report January - March 2018 - Seite 2

 

 

 

EUR '000	31 March 2018	31 December 2017
Accounts receivable - consumer loans (net)	265,455	257,406
Deposits from customers	192,677	174,301
Cash and cash equivalents	134,688	131,832
Total assets	448,345	436,595
Non-current liabilities	64,302	64,167
Current liabilities	280,083	267,185
Equity	103,960	105,243
Equity ratio %	23.2	24.1
Net debt to equity ratio	2.02	1.90

 

 

Key Developments and Progress

Ferratum Group's revenue rose to EUR 61.4 million, an increase of 22.9% compared to the respective period of the previous year (Q1 2017: 50.0 million) and in line with Ferratum's expectations for the period. The growth is driven by further increasing revenues from PlusLoan (+40.4% year-on-year), Credit Limit (+29.4% year-on-year) and Ferratum Business (SME) lending (+130% year-on-year). The overall number of active customers increased by 8% to 783,879, reflecting a shrinking active customer base in Microloan and increasing active customer numbers in the PlusLoan, Credit Limit and Ferratum Business (SME) product segments, consistent with Ferratum's strategy of shifting the customer focus towards lower risk and longer term products and services.