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Fellow Finance - EBIT above expectations

Fellow Finance’s H2/2018 revenue and EBIT amounted to EUR 6.4m (Evli EUR 6.7m) and EUR 2.3m (Evli EUR 1.7m) respectively. Fellow Finance expects revenue in 2019 to grow by over 30 % and the adjusted EBIT to grow compared to 2018. The dividend proposal is EUR 0.04 per share (Evli EUR 0.10).
  • Revenue in H2 amounted to EUR 6.4m (EUR 4.7m in H2/17), slightly below our estimates (Evli EUR 6.7m).
  • Fellow Finance facilitated loans during 2018 for a total of EUR 172m (Evli 164m).
  • EBIT in H2 amounted to EUR 2.3m (EUR 1.5m in H2/17), above our estimates (Evli EUR 1.7m). The adjusted EBIT amounted to EUR 2.5m excluding expenses related to the company’s IPO.
  • EPS in H2 amounted to EUR 0.0 per share. The for listing expenses adjusted EPS amounted to EUR 0.14.
  • Dividend: Fellow Finance’s BoD proposes a dividend of EUR 0.04 per share (Evli EUR 0.10)
  • Guidance: Fellow Finance expects revenue in 2019 to grow by over 30 % and the adjusted EBIT to grow compared to 2018.
  • Fellow Finance expanded its service offering to Denmark during early 2019, now having a presence in five countries.

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