DGAP-News
Ferratum Oyj: Ferratum Group publishes Q1 2021 results
DGAP-News: Ferratum Oyj / Key word(s): Quarter Results Ferratum Group publishes Q1 2021 results |
Helsinki, 12 May 2021 - Ferratum Oyj (ISIN: FI4000106299, WKN: A1W9NS) ("Ferratum" or the "Group") announces unaudited results for the first 3 months ended 31 March 2021 ("Q1 2021").
Financial Highlights
- Market conditions affected by COVID-19 related lockdowns and decreased loan demand
- Solid start into 2021 reaching an EBIT of EUR 5.4 million; credit losses remained well under control
- Launch of SweepBank with continued strong increase in revenues: y-o-y +79.3%
Key Figures, EUR million | Q1 2021 | Q1 2020 |
Revenue | 51.9 | 65.6 |
Operating profit (EBIT) | 5.4 | -2.3 |
Profit before tax | 0.6 | -8.3 |
Earnings per share, basic (EUR) | -0.01 | -0.39 |
Earnings per share, diluted (EUR) | -0.01 | -0.39 |
Continued cautious underwriting approach in the Ferratum tribe and a controlled increase of the Group's risk appetite in its core products SweepBank and CapitalBox