Multitude SE
Ferratum Oyj: Ferratum Group narrows 2018 fiscal guidance
Ferratum Oyj / Key word(s): Change in Forecast/Profit Warning Ferratum Oyj: Ferratum Group narrows 2018 fiscal guidance – 2018 Group revenue guidance revised to a range of EUR 260-265 million from EUR 260-280 million – Previously published 2018 EBIT profitability guidance maintained in the range of 13%-16% Helsinki, 15 November 2018 – Ferratum Oyj (ISIN: FI4000106299, WKN: A1W9NS) (“Ferratum” or the “Group”) announces that in view of the Group’s financial performance and operational progress over the past three quarters, published separately today, the Board expects that the Group will achieve the lower end of previously published revenue guidance for fiscal year 2018. Accordingly, the Board now estimates revenues for the fiscal year 2018 will range between EUR 260 million and EUR 265 million (previously EUR 260 million to EUR 280 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, based on new customers, continued diversification of consumer lending products and growth – 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 – No material negative changes in the consumer and business credit markets – Stable capital market conditions – No unexpected significant new regulatory challenges or changes Disclaimer END OF AD-HOC ANNOUNCEMENT Contacts:
15-Nov-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | Ferratum Oyj |
Ratamestarinkatu 11 A | |
00520 Helsinki | |
Finland | |
Phone: | +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 |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
End of Announcement | DGAP News Service |