DF Deutsche Forfait AG publishes figures for first nine months of 2018

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DGAP-News: DF Deutsche Forfait AG / Key word(s): Quarterly / Interim Statement/Quarter Results

07.12.2018 / 11:00
The issuer is solely responsible for the content of this announcement.


DF Deutsche Forfait AG publishes figures for first nine months of 2018

  • Business volume increases to EUR 44.4 million (previous year: EUR 13.0 million)
  • Improved operating result in Q3 2018

Gruenwald, 7 December 2018 - In the first nine months of 2018, DF Deutsche Forfait AG (ISIN share: DE000A2AA204, ISIN bond: DE000A1R1CC4), handled a business volume of EUR 44.4 million, which clearly exceeded the previous year's EUR 13.0 million. The Group's gross result improved to EUR 1.6 million in the first three quarters of 2018 (previous year: EUR 0.5 million). The improvement is primarily attributable to increased forfaiting and debt collection revenues as well as to the compliance-related advisory services for trading activities in the Near and Middle East. Administrative expenses amounted to EUR 4.5 million at the nine-month stage, which was more or less on a par with the previous year (EUR 4.4 million). As in the prior-year period, a consolidated net loss of EUR -1.9 million remained at the bottom line due to tax effects and non-recurring expenses.

In spite of the recent positive trend, management continues to project a consolidated net loss for the full year 2018. However, the past months indicate that the trading activities in the Near and Middle East in the food and pharmaceuticals sectors, on which the company has placed its focus, will offer good opportunities for profitable business volume growth.

The quarterly statement of DF Deutsche Forfait AG for the first nine months of 2018 is available at https://www.dfag.de/en/publications/.

 

About DF Deutsche Forfait Group

DF Group specializes in foreign trade finance and related services for exporters, importers and other financial service providers, with a focus on emerging markets. Within this market segment, the main focus is on financing foreign trade with Near and Middle East countries with an emphasis on the food and pharmaceuticals sectors.

 

Contact:
DF Deutsche Forfait AG
Hirtenweg 14
82031 Grünwald
T +49 89 21551900-0
F +49 89 21551900-9
E investor.relations@dfag.de
http://www.dfag.de
 

Investor Relations / Press:
Frederic Hilke
IR.on AG
T +49 221 9140970
E investor.relations@dfag.de



07.12.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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