Ferratum Group publishes preliminary unaudited full-year results for 2019. Reducing 2020 revenue and EBIT expectations

Ferratum Group publishes preliminary unaudited full-year results for 2019. Reducing 2020 revenue and EBIT expectations

Helsinki, 18 March 2020 – Ferratum Oyj (ISIN: FI4000106299, WKN: A1W9NS) (“Ferratum” or the “Group”) announces preliminary unaudited results for the 12 months ended 31 December 2019 (“FY 2019”).

Financial Highlights

• Record FY 2019 revenue of EUR 293.1 million – up 11.8% year-on-year
• Record FY 2019 operating profit (EBIT) of EUR 45.5 million (margin 15.5%) – up 20.5% year-on-year
• Profit before tax (EBT) of EUR 27.5 million – up 23.3% year-on-year
• Basic and diluted EPS increased to EUR 1.10 per share (FY 2018: 0.89 per share)

Operational Highlights

• Gross book value of loan portfolio increased 18.8% to 555.9 million (31 December 2018: EUR 467.8  million)
• Net book value of loan portfolio up 20.5% to EUR 386.2 million (31 December 2018: EUR 320.5 million)
• Impairment-ratio (impairments divided by Group revenue) increased by 2.3% to 36.1%.
• Customer deposits increased to EUR 242.2 million (31 December 2018: EUR 183.4 million)

2020 outlook

• The Covid-19 pandemic is expected to have a material impact on the Groups performance
• The Board expects both revenue and EBIT to materially decrease compared to 2019

	3 months ended 31 December		12 months ended 31 December
Key Figures, EUR '000	2019	2018	2019	2018
Revenue	75,018	71,953	293,104	262,148
Operating profit (EBIT)	12,022	12,371	45,532	37,799
Profit before tax	7,850	8,628	27,543	22,333
Profit before tax %	10.5%	12.0%	9.4%	8.5%
Earnings per share, basic (EUR)	0.32	0.35	1.10	0.89
Earnings per share, diluted (EUR)	0.32	0.35	1.10	0.89

Continued revenue growth in 2019