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Ferratum

Growth driven by loans with longer maturities

QuickView | Consumer Support Services | 19 Nov 2018

Following the record-high results in FY17 (sales up 44% y-o-y), Ferratum'srevenue growth decelerated in H118 to 20% y-o-y due to lower PlusLoanapproval rates following prior credit scoring system adjustments. Thistriggered a downward revision of FY18 guidance in June. Remedial actionshave already been introduced and this business line is showing first signsof a pick-up. Growth in the Credit Limit segment remains robust, while thecompany continues to develop the SME and Prime Loans products toincrease their contribution to group results.

Ferratum

Innovative consumer finance

QuickView | Consumer Support Services | 09 Nov 2016

Having exceeded consensus revenue and EPS estimates in 2015, Ferratumaims to continue its strong customer, revenue and profit growth by addingnew products to its offering and selling more established products in newareas. Mobile banking and peer-to-peer lending were launched in 2016 tostrong demand: mobile bank deposits stood at €63m in August 2016, upfrom €30m at 30 June, and Ferratum has sold all the loan series itsecuritised for P2P. Continued strong growth is expected from both.

Ferratum

Mobile consumer lender

QuickView | Consumer Support Services | 09 Nov 2015

Having listed in the Prime Standard segment of the Frankfurt Stock Exchange in February 2015, Ferratum (FRU) intends to continue the strong customer, revenue and profit growth reported for H115 by servicing the growing demand for mobile consumer financial services. The company is expanding its product list and the number of countries where products are on sale. It will launch mobile banking in Q116 and other products have yet to be launched in many territories where its Microloans are available.

Ferratum Oyj

Mobile consumer lender

QuickView | Financials | 13 Oct 2015

Having listed in the Prime Standard segment of the Frankfurt Stock Exchange in February 2015, Ferratum (FRU) intends to continue the strong customer, revenue and profit growth reported for H115 by servicing the growing demand for mobile consumer financial services. The company is expanding its product list and the number of countries where products are on sale. It will launch mobile banking in Q116 and younger products have yet to be launched in many territories where the Microloan product is available.