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DGAP-News: Ferratum Capital Germany GmbH: Ferratum Group publishes Q1 2021 results

DGAP-News: Ferratum Capital Germany GmbH: Ferratum Group publishes Q1 2021 results
Ferratum Capital Germany GmbH: Ferratum Group publishes Q1 2021 results
12.05.2021 / 07:30
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
-0.01
-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 ....

United States , Eteläuomen Läi , Jukka Karinen , Michaela Cusumano , Lea Liigus , Goutam Challagalla , Clemens Krause , Sweepbank Primeloan , Jorma Jokela , Juhani Vanhala , Ferratum Oyj , Fitch Ratings , Standard Of Frankfurt Stock Exchange , Bank Or Wallet , Ferratum Group , Distribution Services , Leadership Team , Tradegate Exchange , News Service , Ferratum Capital Germany Gmbh , Quarter Results , Capital Germany Gmbh , Near Prime , Mobile Wallet , Expected Credit Losses , Long Term Issuer Default Rating ,

Ferratum Oyj: Ferratum Group publishes Q1 2021 results

-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
In Q1 2021 the Group s financial performance and results remained affected by the COVID-19 pandemic. The company continued with its cautious sales and scoring approach in the Ferratum (Near Prime) tribe, in which the Group has, as a reaction to the COVID-19 pandemic, reduced its lending activities since Q1 2020. The Group has selectively increased its risk appetite and marketing activities in the SweepBank tribe which includes Primeloan and the Mobile Wallet as well as in CapitalBox, the Group s SME lending unit. SweepBank and CapitalBox which both have shown substantial growth since Q2 2020 accounted already for 29.8% of the Group s net receivables with EUR 115.4 million at end of Q1 2021. ....

Eteläuomen Läi , United States , Jukka Karinen , Michaela Cusumano , Lea Liigus , Goutam Challagalla , Clemens Krause , Sweepbank Primeloan , Jorma Jokela , Juhani Vanhala , Ferratum Oyj , Leadership Team , Fitch Ratings , Standard Of Frankfurt Stock Exchange , Bank Or Wallet , Ferratum Group , Near Prime , Mobile Wallet , Expected Credit Losses , Long Term Issuer Default Rating , Ferratum Capital Germany Gmbh , Annual General Meeting , Annual Accounts , Consolidated Annual Accounts , Frederik Strange , Annual General ,

DGAP-News: Ferratum Oyj: Ferratum Group publishes Q1 2021 results

DGAP-News: Ferratum Oyj: Ferratum Group publishes Q1 2021 results
Ferratum Oyj: Ferratum Group publishes Q1 2021 results
12.05.2021 / 07:30
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
-0.01
-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 ....

United States , Eteläuomen Läi , Jukka Karinen , Michaela Cusumano , Lea Liigus , Goutam Challagalla , Clemens Krause , Sweepbank Primeloan , Jorma Jokela , Juhani Vanhala , Ferratum Oyj , Fitch Ratings , Standard Of Frankfurt Stock Exchange , Bank Or Wallet , Ferratum Group , Distribution Services , Leadership Team , Tradegate Exchange , News Service , Quarter Results , Near Prime , Mobile Wallet , Expected Credit Losses , Long Term Issuer Default Rating , Ferratum Capital Germany Gmbh , Annual General Meeting ,