DF Deutsche Forfait AG / Quarter Results 26.05.2009 Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- - Consolidated profit EUR 0.8 million despite ongoing financial crisis - Current focus on risk prevention - Recovery on the placement side since the beginning of the year - Increasing margins partly compensating lower forfaiting volumes Cologne, 26 May 2009 - DF Deutsche Forfait AG (ISIN: DE0005488795) is today publishing its Q1 2009 figures. In the first three months, the export finance company generated consolidated profits of EUR 0.8 million. Profits were down against the previous year's figure of EUR 1.4 million, but that result was achieved in very different conditions. Given considerable uncertainty in the market, the first quarter of 2009 was very much driven by risk prevention. As a result risk positions were on the decline. Compared to the previous year's period, trade receivables declined from EUR 141.8 million to EUR 122.7 million, while unsecured risks from all forfaiting transactions (so-called net risk) fell from EUR 16.6 million to EUR 13.9 million. Mainly as a result of a more careful selection of transactions, the forfaiting volume compared to the previous year's quarter fell to EUR 136.0 million (Q1 2008: EUR 266.5 million). In contrast to the Q4 2008 figure of EUR 95.1 million this amount however marks a clear upward trend and this development demonstrates the slight recovery on the placement side since the beginning of the year. The important operating key figure, gross result including financial results, declined by EUR 0.7 million to EUR 3.2 million. In percentage terms, this decline was considerably lower than in forfaiting volumes, as the forfaiting margin again improved from 1.5% to 2.4%. For the full year 2009, DF Deutsche Forfait AG is expecting a clearly positive consolidated profit figure even if the financial crisis continues and although the company's focus remains on risk prevention. Due to the financial crisis, the placement side is still below Q1 2008 levels in spite of the continuing recovery since the beginning of the year. Therefore DF Deutsche Forfait AG remains careful with the selection of new business. DF Deutsche Forfait AG Christoph Charpentier Kattenbug 18 - 24 50667 Cologne T +49 221 97376-37 F +49 221 97376-60 E investor.relations@dfag.de http://www.dfag.de DGAP 26.05.2009 --------------------------------------------------------------------------- Language: English Issuer: DF Deutsche Forfait AG Kattenbug 18-24 50667 Köln Deutschland Phone: +49 (0)221 - 973 76 0 Fax: +49 (0)221 - 973 76 76 E-mail: dfag@dfag.de Internet: www.dfag.de ISIN: DE0005488795 WKN: 548879 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: DF Deutsche Forfait AG publishes Q1 2009 figures
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