March 18, 2020 / 6:27 AM / 22 days ago

BRIEF-Ferratum Oyj Cuts 2020 Revenue And EBIT Expectations

March 18 (Reuters) - FERRATUM OYJ:

* REDUCING 2020 REVENUE AND EBIT EXPECTATIONS

* EXPECTS COVID-19 PANDEMIC TO HAVE A MATERIAL IMPACT ON GROUPS PERFORMANCE

* EXPECTS HIGH VOLATILITY IN FX RATES AS A CONSEQUENCE OF COVID-19 OUTBREAK AND OIL MARKET TURMOIL TO HAVE A NEGATIVE IMPACT ON NET PROFITABILITY IN 2020 Source text for Eikon: Further company coverage: (Gdansk Newsroom)

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