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FERRATUM Interim Report January - March 2016: Continued dynamic growth

Ferratum Oyj / FERRATUM Interim Report January - March 2016: Continued dynamic
growth. Processed and transmitted by NASDAQ OMX Corporate Solutions. The
issuer is solely responsible for the content of this announcement.
FERRATUM Interim Report January - March 2016

ontinued dynamic growth

Q1/2016 (compared with Q1/2015)

* Year-on-year revenue up 44.2 % to EUR 33.2 million
* Operating profit (EBIT) doubled to EUR 5.2 million (Q1 2015: EUR 2.6
* Improved EBIT margin of 15.6 % (Q1 2015: 11.2 %)
* Improved portfolio quality: declining impaired loan coverage ratio to 32.5
% (Q1 2015: 41.7 %)

Helsinki/Berlin, May 12, 2016 - Ferratum Oyj (ISIN: FI4000106299, WKN:
A1W9NS), a pioneer in the field of financial technology and an international
provider of mobile consumer loans and small corporate loans, was able to
continue last year's growth trend during the first three months of 2016. The
positive development of key figures continued: By showing both strong topline
growth with group revenues up 44.2 % and increased bottom line profitability
with (diluted) earnings per share of EUR 0.15 (Q1 2015: EUR 0.10), the
company once again delivered on its objective of profitable growth.

Product developments in Q1 2016

* Mobile Bank launched to the public in Sweden
* Deposit taking started in Germany
* CreditLimit launched in Spain and Poland
* SME lending launched in Lithuania and Denmark (also in the Netherlands in
May 2016)

The combined revenue share of PlusLoans (including SME lending) and Credit
Limit grew from 37.6 % in Q1 2015 to 59.6 % while the revenue share of the
microloans business decreased to 40.4 % (Q1 2015: 62.4 %).

| Key Figures, EUR '000 Jan-Mar 2016 Jan |
| - |
| Mar 2015 |
| Revenue 33,213 23,033 |
| Operating Profit 5,193 2,583 |
| Profit before tax 3,792 2,551 |
| Net cash flows from operating activities before movements in portfolio 13,171 8,268 |
| Net cash flows from operating activities (11,419) (9,003) |
| Net cash flows from investing activities (2,041) (78) |
| Net cash flows from financing activities 7,832 40,422 |
| Net increase/decrease in cash and cash equivalents (5,629) 31,342 |
| Profit before tax % 11.4 11.2 |

| Key Figures, EUR '000 31-Mar-2016 31-Dec-2015 |
| Accounts receivable - consumer loans (net) 121,801 106,758 |
| Cash and cash equivalents 11,184 17,452 |
| Total assets 152,388 140,127 |
| Non-current liabilities 49,075 48,927 |
| Current liabilities 22,834 13,562 |
| Equity 80,479 77,638 |
| Equity ratio 52.8 55.4 |
| Net debt to equity ratio 0.75 0.58 |
| |
CEO Jorma Jokela comments the first quarter

"I'm pleased with the published results, we consistently implement a clear
growth strategy that focuses on the diversification of our product portfolio,
the geographic expansion and the development of a leading mobile bank. We
have reached new milestones in all three areas during the first quarter of
2016. We have launched the Mobile Bank to the public in Sweden and expanded
our deposit product offering to the German market. Further more we could
launch our business lending in two more countries and we could launch our
consumer lending product credit limit also in two more countries. With the
acquisition of FCB Firmen-Credit Bank we have made an important step in
developing our SME business.

Our conservative risk provision model, in which the expected defaults are
already booked during the disbursement of a new loan, helps us grow our
PlusLoan and Credit Limit products which even more depend on our big data and
scoring expertise because of the larger loan amounts and longer term.
However, this makes it possible to increase our revenue per customer based on
a stable payment behavior.

Our most important strategic goal for 2016 is the introduction of the Mobile
Bank in the European market. We believe that our innovative platform will
revolutionize the banking business - by turning your smartphone into a bank."

Events today

Webcast and conference call for analysts and investors at 09.00 CEST.

Please note that a pre-registration is required in order to participate in the call, please register via the following link:
About Ferratum Group:

The Finnish Ferratum Group, a pioneer for mobile consumer loans in Europe,
offers short-term consumer loans for private customers. Ferratum's customers
can utilize digital media to apply for consumer credit in amounts varying
between EUR 25 and EUR 3,000. Moreover, Ferratum offers successful small
businesses installment loans with a term of six to twelve months. Managed by
its founder Jorma Jokela, Ferratum has expanded rapidly since it was founded
in 2005: Ferratum has more than 1.3 million active and former customers who
have been granted one or more loans in the past and 3.9 million total user
accounts in its database (as of 31 March 2016). Ferratum is represented in 23


Ferratum Group
Dr. Clemens Krause, CFO
T: +49 30 88715308
F: +49 30 88715309

Ferratum Group
Paul Wasastjerna
Head of Investor Relations
T: +358 40 7248247
F: +358 20 741 1614

cometis AG
Henryk Deter | Maximilian Breuer
T: +49 611 20 58 55-22
F: +49 611 20 58 55-66


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Ferratum Oyj via Globenewswire


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