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Based on the estimated results of Q4 2019, Fellow Finance Plc has decided to lower and refine its guidance for full year 2019. The main reason for the change in guidance is the lower than expected intermediated loan volume in the Q4 2019.

 

The new revised guidance for 2019

In 2019 Group net sales is expected to grow about 19% and adjusted EBIT to be lower than in year 2018.

The previous guidance for 2019

In 2019 Group net sales is expected to grow over 20% and adjusted EBIT to be lower than in year 2018.

Fellow Finance Plc publishes the financial statements bulletin for the year 2019 on Friday 14th of February 2020.

 

FELLOW FINANCE PLC

 

Further enquiries:

Jouni Hintikka, CEO, Fellow Finance, [email protected],+358 40 585 5009

Certified advisor, Evli Bank Plc, tel. +358 40 579 6210

 

Fellow Finance in brief

Fellow Finance Plc (https://www.fellowfinance.com/company/company) started its operations in 2014. The company is an expansive global FinTech group that provides crowdfunding services. A key role in the company's business services is played by the leading Nordic¹ loan-based crowdfunding and peer-to-peer platform maintained by the company which has already been used by more than 775,000 customers in approximately 70 countries. Fellow Finance Plc is an Authorized Payment Institution supervised by the Finnish Financial Supervisory Authority of Finland and the shares of Fellow Finance Plc are listed on the Nasdaq First North Growth Market Finland marketplace. The company has approximately 2,500 shareholders.

[1]Measured by amount of financing facilitated. Source: Brismo Market Data (data accessed on 30 December 2019).