Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Xetra  >  Ferratum Oyj    FRU   FI4000106299

FERRATUM OYJ

(FRU)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Ferratum Oyj: Ferratum is executing on its planned initiatives and aligning the leadership accordingly

share with twitter share with LinkedIn share with facebook
share via e-mail
10/14/2019 | 02:00pm EDT

Ferratum is executing on its planned initiatives and aligning the leadership accordingly

Helsinki, 14 October 2019Ferratum Oyj (ISIN: FI4000106299, WKN: A1W9NS) ("Ferratum" or the "Group") is executing on its planned initiatives around marketing and product development and aligning the leadership of functions to support the execution hereof.

The Group has further tightened the collaboration between marketing and products by giving the responsibility of these jointly to Saku Timonen, Chief Commercial Officer (CCO) of the Group. This development is in line with Ferratum´s plans of executing its strategy and positioning the new Mobile Wallet into the centre of its lending offering, and further optimising its functions and creating operational leverage. The new Mobile Wallet is planned to be launched in Latvia within the next months and in the future to be the core around which Ferratum positions its own and future partner offering. The Wallet and Ferratum´s newest product segment, Prime Loans, are important initiatives for the future for Ferratum, and have great potential, opening up new channels and opportunities for Ferratum.

Saku will from now on oversee marketing and products (excluding SME) as one unit and be focusing on being competitive with Prime Loans and supporting the new Wallet. Saku continues to be part of the Leadership Team, which he has been part of since 2009. In his previous roles he has overseen the marketing function, but also had the overall responsibility of the consumer lending business, which puts him in the optimal position to merge marketing and product activities and teams closer together.

Saku Timonen, CCO of the Group commented:

With hard work from the team and utilizing new tools for analytics, we are already able to see positive developments in our marketing efficiency and thus remaining competitive in changing market environments. Within the last year, we have been able to increase our marketing ROI by more than 50%, decrease our cost per application by 45%, and reduce our overall marketing spend, but at the same time the new customer number not being negatively affected.

About Ferratum Group:

Ferratum Group is an international provider of mobile banking and digital consumer and small business loans, distributed and managed by mobile devices. Founded in 2005 and headquartered in Helsinki, Finland, Ferratum has expanded rapidly to operate in 23 countries across Europe, Africa, South and North America, Australia and Asia.

As a pioneer in digital and mobile financial services technology, Ferratum is at the forefront of the digital banking revolution. Ferratum's mobile bank, launched in 2016, is an innovative mobile banking platform offering a range of banking services, including real time digital payments and transfers, within a single app. It is currently available in four European markets. Ferratum has approximately 784,000 active customers that have an open Mobile Bank account or an active loan balance in the last 12 months (as at 30 June 2019).

Ferratum Group is listed on the Prime Standard of Frankfurt Stock Exchange under symbol 'FRU.' For more information, visit www.ferratumgroup.com.

Contacts:

Ferratum Group 
Bernd Egger
Chief Financial Officer 
T: + 49 173 793 1235
E: bernd.egger@ferratum.com

 
Ferratum Group 
Emmi Kyykkä
Head of Group Communications
& Investor Relations
T: +41 79 940 6315
E: emmi.kyykka@ferratum.com

 
Ferratum Group 
Paul Wasastjerna
Head of Fixed Income Investor Relations 
T: + 358 40 7248247
E: paul.wasastjerna@ferratum.com

 

 
Ferratum Group
Jochen Reichert
IR & Capital Markets Advisor
T: +49 170 444 2006
E: jochen.reichert@ferratum.com

© OMX, source OMX

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on FERRATUM OYJ
03/31FERRATUM OYJ : Notification and public disclosure of transactions by persons
EQ
03/31FERRATUM OYJ : Managers' Transactions
AQ
03/26FERRATUM OYJ : Notification and public disclosure of transactions by persons
EQ
03/26FERRATUM OYJ : Ferratum Oyj has published the Annual Report and the Corporate Go..
EQ
03/26FERRATUM OYJ : has published the Annual Report and the Corporate Governance Stat..
AQ
03/25FERRATUM OYJ : Preliminary announcement of the publication of financial reports ..
EQ
03/24FERRATUM OYJ : Release according to Article 40, Section 1 of the WpHG [the Germa..
EQ
03/24FERRATUM OYJ : Universal-Investment-Gesellschaft mbH increases shareholding in F..
EQ
03/24FERRATUM OYJ : Universal-Investment-Gesellschaft mbH increases shareholding in F..
AQ
03/23FERRATUM OYJ : Managers' Transactions
PU
More news
Financials (EUR)
Sales 2020 245 M
EBIT 2020 8,00 M
Net income 2020 -6,57 M
Finance 2020 37,5 M
Yield 2020 7,94%
P/E ratio 2020 -12,9x
P/E ratio 2021 3,54x
EV / Sales2020 0,19x
EV / Sales2021 0,43x
Capitalization 85,0 M
Chart FERRATUM OYJ
Duration : Period :
Ferratum Oyj Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends FERRATUM OYJ
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 4
Average target price 11,85  €
Last Close Price 3,94  €
Spread / Highest target 522%
Spread / Average Target 201%
Spread / Lowest Target -23,9%
EPS Revisions
Managers
NameTitle
Jorma Olavi Jokela Chief Executive Officer & Executive Director
Erkki Juhani Vanhala Chairman
Ari Tiukkanen Chief Operations Officer
Bernd Egger Chief Financial Officer
Lea Liigus Executive Director, Head-Legal & Compliance
Sector and Competitors
1st jan.Capitalization (M$)
FERRATUM OYJ-58.09%98
SANTANDER CONSUMER USA HOLDINGS INC.-47.07%4 475
SLM CORPORATION-24.13%3 039
MUANGTHAI CAPITAL-0.71%2 268
LEXINFINTECH HOLDINGS LTD.-38.37%1 585
PARAGON BANKING GROUP PLC-46.23%1 045