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
-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.
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
Nachricht vom 10.05.2021 | 21:00
Ferratum Oyj: Ferratum Oyj s Board of Directors elects Chairman and Vice Chairman and decides on Committee compositions
DGAP-News: Ferratum Oyj / Key word(s): Miscellaneous
10.05.2021 / 21:00
The issuer is solely responsible for the content of this announcement.
Ferratum Oyj s Board of Directors elects Chairman and Vice Chairman and decides on Committee compositions
Helsinki, 10 May 2021 - The Board of Directors of Ferratum Oyj (ISIN: FI4000106299, WKN: A1W9NS) ( Ferratum or the Group ) has decided to elect Frederik Strange as the new Chairman of the Board of Directors and Jorma Jokela as the Vice Chairman of the Board of Directors.
The Board of Directors has also decided the compositions of its Committees, which are as follows:
DGAP-AGM: Ferratum Oyj: Decisions of the Annual General Meeting of Shareholders of Ferratum Oyj
vom 20.04.2021, 10:00 Uhr
Bild: pixabay.com
Ferratum Oyj: Decisions of the Annual General Meeting of Shareholders of Ferratum Oyj
20.04.2021 / 10:00
Announcement of the Results of the General Meeting, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Ferratum Oyj: Decisions of the Annual General Meeting of Shareholders of Ferratum Oyj
Helsinki, 20 April 2021 - Ferratum Oyj (ISIN: FI4000106299, WKN: A1W9NS) (\ Ferratum\ or \ Company\ ).
DECISIONS OF FERRATUM S ANNUAL GENERAL MEETING 2021
Ferratum held its Annual General Meeting today under special arrangements and the meeting made the following resolutions.