Fellow Finance reinstates guidance for 2020 - profitability improved on the second half of 2020
FELLOW FINANCE PLC COMPANY ANNOUNCEMENT, INSIDE INFORMATION 4.12.2020 AT 3:00 PMOn March 25, 2020 Fellow Finance withdrew its guidance for 2020 due to the impact of the COVID-19 pandemic. Fellow Finance now reinstates its guidance for 2020. The Group's revenue and profitability will decrease compared to the year 2019. The company's monthly revenues have grown steadily since August 2020 after the impact of the COVID-19 pandemic begun to subside and loan volumes to recover. Company revenue on the second half of the year will be slightly lower than that of H1/2020 (5.8M€). The revenue