Ferratum Oyj: Ferratum Group lowers 2018 fiscal guidance

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DGAP-Ad-hoc: Ferratum Oyj / Schlagwort(e): Gewinnwarnung
Ferratum Oyj: Ferratum Group lowers 2018 fiscal guidance

27.06.2018 / 07:30 CET/CEST
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Ferratum Oyj: Ferratum Group lowers 2018 fiscal guidance

- 2018 Group revenue guidance revised to a range of EUR 260-280 million

- Previously published 2018 EBIT profitability guidance maintained in the
range of 13%-16%

Helsinki, 27 June 2018 - Following a recent decline in loan approval rates,
and therefore lower than expected Group revenues for Q2 2018, the Board of
Ferratum Oyj (ISIN: FI4000106299, WKN: A1W9NS) ("Ferratum" or the "Group")
has reviewed recently implemented changes to the Group's credit scoring
processes and concluded that Ferratum's risk assessment criteria have become
unnecessarily restrictive. The Board has determined that these should be
adjusted to ensure that the Group does not reject credit risks that have in
the past proven to be acceptable.

The Board is confident that these measures will not impact the overall
impairment profile of the Group's loan portfolio, but has decided that it
would be prudent to lower its expectations for 2018 Group revenue growth to
allow these risk assessment enhancements and a recovery in loan approval
volumes to take effect.

Accordingly, the Board now estimates revenues for the fiscal year 2018 will
range between EUR 260 million (previously EUR 280 million) and EUR 280
million (previously EUR 310 million), while the estimate for operating
profit margin (EBIT margin) is reconfirmed within the range of 13% and 16%.

Ferratum Oyj bases this guidance on certain assumptions, including:

- Consumer credit volumes continue to grow, exceeding the market average,
based on new customers, continued diversification of consumer lending
products and growth in new markets

- Moderate expectations on the 2018 contribution of new revenue streams from
partnerships, mobile bank innovations

- Ferratum Business (SME) continues to grow as market share in the 8
existing markets is small and expected to increase.

- Ferratum Mobile Bank is to be introduced in additional countries and will
generate new customers, increased customer loyalty, cross-selling
opportunities, increased deposit volume and diversified deposit currencies.

- No material negative changes in the consumer and business credit markets

- Stable capital market conditions

- No unexpected significant new regulatory challenges or changes

Disclaimer

All of the estimates presented herein are based on the Group's current
opinion. The information presented above may include forward-looking
statements. These statements are not a guarantee of the development of the
Group's result of operations and financial position in the future, and the
Group's actual result of operations and financial position could differ
significantly from any information expressly or indirectly presented in
forward-looking statements due to numerous factors. Investors are advised to
take a qualified view of the aforementioned statements.

END OF AD-HOC ANNOUNCEMENT

Contacts:

   Ferratum Group Dr. Clemens Krause      Ferratum Group Paul Wasastjerna
   Chief Financial Officer T: + 49 (0)    Head of Investor Relations T:
   30 921005844 E:                        +358 40 7248247 E:
   [1]clemens.krause@ferratum.com  1.     [1]paul.wasastjerna@ferratum.com
   mailto:clemens.krause@ferratum.com     1.
                                          mailto:paul.wasastjerna@ferra
                                          tum.com
   UK / European media enquiries:
   Smithfield, A Daniel J Edelman
   Company Alex Simmons | Brett Jacobs
   T: +44 20 3047 2543 | +44 20 3047
   2537 E:
   [1]asimmons@smithfieldgroup.com E:
   [2]bjacobs@smithfieldgroup.com  1.
   mailto:asimmons@smithfieldgroup.com
   2.
   mailto:bjacobs@smithfieldgroup.com


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   Sprache:        Deutsch
   Unternehmen:    Ferratum Oyj
                   Ratamestarinkatu 11 A
                   00520 Helsinki
                   Finnland
   Telefon:        +49 (0) 30 9210058-44
   Fax:            +49 (0)30 9210058-49
   E-Mail:         ir@ferratum.com
   Internet:       https://www.ferratumgroup.com
   ISIN:           FI4000106299
   WKN:            A1W9NS
   Börsen:         Regulierter Markt in Frankfurt (Prime Standard);
                   Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
                   München, Stuttgart, Tradegate Exchange



   Ende der Mitteilung    DGAP News-Service
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699081 27.06.2018 CET/CEST

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