Profit warning: Fellow Finance Plc’s revenue is estimated to reach the previous year and the result be clearly unprofitable because of the cost of the contemplated merger
FELLOW FINANCE PLC COMPANY ANNOUNCEMENT, INSIDE INFORMATION 2.12.2021 AT 10:40 AMFellow Finance Plc (the “Company”) estimates the Company’s revenue for year 2021 to be at the revenue level of year 2020. Revenue growth has been slowed down mainly by greater concentration of financing intermediated by the Company on slightly lower margin business financing and reduction of the Company’s subsidiary’s, Lainaamo Oy’s, loan portfolio and thereby reduced interest income. The Company made an announcement on 14.7.2021 regarding a combination agreement, setting out an arrangement whereby the