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2016-02-25

Ferratum Oyj : Ferratum Group builds on its growth trend and closes 2015 again at record levels

Ferratum Oyj / Ferratum Oyj : Ferratum Group builds on its growth trend and
closes 2015 againat record levels . Processed and transmitted by NASDAQ OMX
Corporate Solutions.The issuer is solely responsible for the content of this
announcement.
* Based on preliminary, unaudited figures, Ferratum increased revenues by
around 57% to EUR 111.0 million

* Adjusted operating profit (EBIT) rose by around 44% to EUR 17.0 million;
adjusted EBIT margin at 15.3%

* Adjusted earnings before taxes (EBT) was around 68% higher at EUR 12.9
million; adjusted EBT margin increased to 11.6%

Helsinki/Berlin, February 25, 2016 - Ferratum Oyj (ISIN: FI4000106299, WKN:
A1W9NS), a pioneer in the field of financial technology and international
provider of mobile consumer loans and small corporate loans, was able to
seamlessly build on the positive development in the first nine months of 2015
according to preliminary, unaudited results. By posting a significant
increase in sales, significantly higher EBIT and nearly doubling EBT,
Ferratum reached a new record at the annual level. Consistent implementation
of the growth strategy clearly had a positive impact on the company's
development. Key factors in this context were the market entry into new
countries and the expansion of the product portfolio.

According to preliminary, unaudited figures for fiscal year 2015, Group
revenues rose significantly by a total of 57.4% to EUR 111.0 million (2014:
EUR 70.5 million). The positive revenue performance is due in part to the
growing number of customers. This figure increased to more than 1.2 million
customers in fiscal year 2015 (2014: 1.0 million). Despite increased
marketing and selling expenses of EUR 16.2 million (2014: EUR 9.6 million) to
further accelerate its growth, Ferratum managed to increase its operating
profit. Costs of EUR 1.2 million related to the IPO were incurred in fiscal
year 2014. In fiscal year 2015, the IPO costs still amounted to EUR 0.5
million. Adjusted for these IPO costs, operating profit (EBIT) increased by
43.9% to EUR 17.0 million (2014: EUR 11.8 million), which represents an
adjusted EBIT margin of 15.3%. Including the IPO costs, EBIT rose by 55.3% to
EUR 16.5 million (2014: EUR 10.6 million). This results in an EBIT margin of
14.8% (2014: 15.1%). The loan portfolio increased from EUR 61.5 million on
December 31, 2014, by 73.5% to EUR 106.8 million on December 31, 2015, in
other words by a total of around EUR 45.2 million. Based on the continued
conservative risk provision model Ferratum uses, in which the expected
payment defaults are already booked in the disbursement of a new loan, risk
provisions in the lending business increased by 70.3% in fiscal year 2015 to
EUR 34.7 million. Dr. Clemens Krause, CFO of Ferratum Group, commented as
follows: "The full risk provision has already been posted on loans whose
returns will only be posted over the duration of the loan. Particularly with
the high-growth products PlusLoans and Credit Limit, there is a clearly
marked time lag between the immediate booking of risk provision and the
income posted later on." The positive development of Ferratum is therefore
accompanied by a positive trend in the payment behavior of customers and a
continually optimized risk management system. Adjusted earnings before taxes
(EBT) rose by 67.5% in the reporting period to EUR 12.9 million (2014: EUR
7.7 million), which corresponds to an adjusted EBT margin of 11.6%. Including
the IPO expenses, EBT rose by 90.2% to EUR 12.4 million (2014: EUR 6.5
million). This results in an EBT margin of 11.2% (2014: 9.3%). As a result,
net income adjusted for IPO expenses of EUR 6.8 million last year was
increased to EUR 11.4 million in fiscal year 2015. Including the IPO costs,
this means an increase of 94.5% from EUR 5.6 million in fiscal year 2014 to
EUR 10.9 million in the reporting period.

Jorma Jokela, CEO and founder of Ferratum Group, is pleased with how
positively business has developed: "We can once again announce a record year.
The financial year 2015 is characterized by a significant increase in
revenues and profitability. Our position could not be better in order to
achieve the next milestones of our strategy in the dynamically developing
Fintech environment. The course is set for growth."

Ferratum Group thus achieved its goals in fiscal year 2015 and set crucial
impulses for further growth in the first quarter of 2016: With market entries
in Norway, Canada, France and Mexico, Ferratum has started operations in four
markets in fiscal year 2015 and therefore created the prerequisites to
further expand the loan business with private customers and benefit from
economies of scale. Overall, Ferratum is now operationally active in 23
countries. Geographic expansion is an important part of its growth strategy,
which provides for expansion of its activities to 30 countries in the medium
term.

Besides geographic expansion, the expansion of the product portfolio is also a
critical success factor. The two products PlusLoans and Credit Limit enable
customers to receive a larger loan amount for a longer period of time
compared to classic microcredits. This makes it possible for Ferratum to
increase its revenue per customer. These two products will be gradually
introduced into existing markets. For example, Ferratum introduced the
product PlusLoans in a total of two new countries in fiscal year 2015, which
means the product is now available in eleven countries. Ferratum also managed
to introduce the product Credit Limit in two new countries in fiscal year
2015. This offer was then introduced in Poland in the first quarter of 2016;
currently customers in seven countries can choose Credit Limit.

Furthermore, Ferratum started business with small business loans in the
reporting period. The company already established the "Ferratum Business"
division in 2015 in the three countries Sweden, Finland and Lithuania. The
market entry into Denmark followed in February 2016.

In the course of the further expansion of Ferratum Bank plc, a subsidiary and
licensed credit institution with an EU banking licence, also the loan
business in Spain was taken over by the bank in early 2016. Dr. Clemens
Krause explains: "We make a distinction within Group Ferratum between two
spheres. We assign all transactions that run under the EU banking licence of
Ferratum Bank plc to the first sphere. These include in particular the
European countries where a banking licence is a prerequisite for the lending
business. Under the second sphere, we include the credit business outside
Ferratum Bank plc and thus without the EU banking licence. This is
particularly the case in all countries outside the EU and in some European
countries where Ferratum has been in operation already for many years, such
as the home market of Finland."

The introduction of the Mobile Bank in select European countries was prepared
with the pilot project in Sweden in fiscal year 2015. The deposit products of
Ferratum Group have also been available for German customers since January
2016 underwww.ferratumbank.de. As part of the European expansion of the
Mobile Bank, this is now to be introduced in Germany and then in other
European countries in the first half of 2016. Jorma Jokela: "The introduction
of the Mobile Bank in the European market is the most important strategic
goal for 2016. We have meticulously developed this innovative platform in
recent months and are confident that our platform can revolutionize the
private banking business. But even here, we will proceed according to our
proven principle - Sound Growth. For this reason, we will carefully explore
each market before we decide to enter it."

About Ferratum Group:

The Finnish Ferratum Group, a pioneer for mobile consumer loans in Europe,
offers short-term consumer loans for private persons. 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 1.2 million active and former customers who
have been granted one or more loans in the past and 3.7 million total user
accounts in its database (as of 31 December 2015; preliminary figures).
Ferratum is represented in 23 markets.

Contacts:

Ferratum Group
Dr. Clemens Krause, CFO
T: +49 30 88715308
F: +49 30 88715309
M:clemens.krause@ferratum.com

Ferratum Group
Paul Wasastjerna
Head of Investor Relations
T: +358 40 7248247
F: +358 20 741 1614
M:paul.wasastjerna@ferratum.com

cometis AG
Henryk Deter | Mariana Kuhn
T: +49 611 20 58 55-61
F: +49 611 20 58 55-66
M: kuhn@cometis.de

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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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