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DGAP-News: Ferratum Group continues on its profitable growth path in H1 2014

August 15, 2014

DGAP-News: Ferratum Capital Germany GmbH / Key word(s): Half Year Results Ferratum Group continues on its profitable growth path in H1 2014 15.08.2014 / 09:03 --------------------------------------------------------------------- Ferratum Group continues on its profitable growth path in H1 2014 - With revenues amounting to EUR 31 million, it is the strongest first half-year in corporate history - Customer base grows by 48% to EUR 2.4 million in Q2 2014 - Significant increase in profitability: Operating Profit (EBIT) amounts to EUR 5.3 million, up by 42% in comparison with last year's period; EBIT margin at 17% - Measures for a sustainable positive business development consistently pushed Berlin, August 15 2014 - The Ferratum Group, a pioneer in mobile micro credits in Europe, has published the results for the first half-year of 2014 today. With revenues of around EUR 31 million, it marks the strongest in corporate history. Furthermore, the company continued to increase its profitability. The consistent implementation of the company strategy proved key for the continuation of the growth trend. Due to the expansion to new markets along with the expansion of the product portfolio, the Ferratum Group succeeded to increase the customer base by 48.0% to 2.4 million customers (Q2 2013: 1.7 million customers) in the second quarter of 2014. In addition, investments into an optimized risk management system positively affected the company's economic development. Revenues of the Ferratum Group rose from EUR 27.0 million in the first half-year 2013 to EUR 30.8 million during the reporting period 2014. Operating profit (EBIT) strongly increased by 42.2% to EUR 5.3 million (previous year: EUR 3.7 million). The EBIT-margin of 17.2% highlight Ferratum's profitable growth path (previous year: 13.8%). Also earnings before taxes (EBT) rose sustainably by 55.0% to EUR 3.6 million (previous year: EUR 2.3 million) resulting in an EBT-margin of 11.8% up from 8.7% in the first half-year of 2013. The consolidated results also developed favorably and stood at EUR 3.0 million in the first half-year of 2014 after EUR 2.0 million in the previous year's period. Jorma Jokela, founder and CEO of Ferratum Group, is satisfied with the current development: "We are pleased with the continuation of the growth dynamic. With revenues at EUR 31 million, we have been able to set up a new revenue record, which confirms that the path we have chosen is the right one. We will, therefore, continue to implement our growth strategy and are optimistic about the second half-year." Throughout the reporting period, Ferratum worked continuously on the strengthening and expansion of its international market position. Hence the course for a consistently profitable development has been set: In the first half-year, Ferratum successfully started operations in Germany and Romania. The EU banking license of the subsidiary Ferratum Bank Ltd., which was successfully integrated into the group structure last year, was established in Estonia, Latvia and Bulgaria (in July), providing the opportunities for improving the company's business operation in banking. Since launching operations in 2013, the bank is now providing services in five EU countries. The undertaking was partly financed using the corporate bond issued in Germany. In the first half year 2014, the Ferratum Group has also successfully diversified its product portfolio. Besides the established microcredit, Ferratum now also offers Installment loans (PlusLoan) with larger amounts and longer repayment periods. In particular, the Credit Limit Product, which was launched in 2013, achieved results that have already exceeded the initial expectations. Since the second quarter 2014, Ferratum offers this product with flexible repayment modality in two more countries and thereby in three markets. The company plans the product launch in further international markets in the second half year 2014. At the same time the Group's risk management system has been strengthened further. A new software of the Finnish subsidiary Personal Big Data Oy ensures an extensive analysis of customer data and contributes to an improved risk management, resulting in lower credit losses. Furthermore, a new Customer Relationship Management System (CRM) was established to improve the acquisition of new clients and continuous customer care. With an optimized usability especially on mobile devices Ferratum would like to increase the customer satisfaction sustainably. The entire report fort he first half year 2014 can be downloaded from the Website in the section "bond" from today on. About Ferratum GroupThe Finnish Ferratum Group, a pioneer for mobile micro credits in Europe, offers private short-term accommodation loans. Ferratum's customers can utilize digital media to apply for consumer credit in amounts varying between EUR 50 and EUR 2,000, with an average maturity of 33 days. Since the company's foundation in 2005 Ferratum has expanded rapidly: The company, managed by its founder Jorma Jokela, has a total of more than 1.9 million customers worldwide. In the fiscal year 2013 the annual revenue amounted to around EUR 58 million with an EBT margin of 6.7%. Ferratum is represented in 24 - 19 of them with local operating business - markets and employs more than 300 employees. Ferratum Bank Ltd, one of the Group subsidiaries, is a credit institution authorized and licenced in Malta. Contact: Ferratum Group Dr. Clemens Krause T: +49 30 88715308 F: +49 30 88715309 M: cometis AG Henryk Deter | Mariana Kuhn T: +49 611 20 58 55-61 F: +49 611 20 58 55-66 M: --------------------------------------------------------------------- 15.08.2014 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at and --------------------------------------------------------------------- 282457 15.08.2014

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Source: DGAP Corporate News

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