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Ferratum Capital Germany GmbH: Ferratum Group publishes Q1 2021 results

DGAP-News: Ferratum Capital Germany GmbH / Key word(s): Quarter Results Ferratum Capital Germany GmbH: Ferratum Group publishes Q1 2021 results 12.05.2021 / 07:30 The issuer is solely responsible for the content of this announcement. 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