DF Deutsche Forfait AG — Earnings Release 2007

Aug 31, 2007

News Details

Corporate | 31 August 2007 08:31

DF Group publishes half-year figures for 2007 and confirms annual forecast

DF Deutsche Forfait AG / Half Year Results/Forecast

Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.

---

DF Group publishes half-year figures for 2007 and confirms annual forecast

• Forfaiting portfolio up to EUR 460 million
• Gross result including financial results climbs 21%
• Consolidated profit rises to EUR 2.2 million

Cologne, 31 August 2007 – The first half of 2007 was very successful for DF
Deutsche Forfait AG (ISIN: DE0005488795). As previously reported in a press
release on 3 August 2007, in the second quarter of 2007, the DF Deutsche
Forfait Group generated a further improvement in earnings compared to the
first three months of the year. Gross result including financial results –
the most important indicator of the Group's operating performance – was EUR
3.6 million after EUR 2.9 million in the first quarter of 2007. In total,
in the first half of 2007, the Group therefore generated a gross result
including financial results of EUR 6.5 million, an increase of 21 %
compared to the same period of the previous year (EUR 5.4 million).

In the first half of the year, the forfaiting portfolio increased slightly
to EUR 460 million after a portfolio of EUR 456 million in the first six
months of 2006. Around EUR 230 million of this related to the first and
second quarter of 2007 respectively. In the second quarter, the forfaiting
margin including financial results increased significantly to 1.6 % after
1.3 % in the first quarter of 2007. In the first six months, the margin
rose from 1.2 % in the same period of the previous year to 1.4 %.

In the first half of 2007, consolidated profit climbed by 17% to EUR 2.2
million. The corresponding earnings per share amounted to EUR 0.41 compared
to EUR 0.37 in the same period of the previous year.

'We are very satisfied with the business development in the first half of
2007. Our consolidated profit after six months has already met 46% of our
forecasted target of EUR 4.8 million for the year as a whole. Taking into
consideration the positive effects of the additional equity and the
traditionally strong fourth quarter, we are confident that we will meet our
earnings targets,' said Jochen Franke, CFO of DF Deutsche Forfait AG.
In the segments that matter to the company, the development of the
forfaiting market continues its positive trend. 'The current crisis on some
finance markets has not yet had any negative effect on the business of the
DF Deutsche Forfait Group,' said Jochen Franke.

The half-year report of the DF Deutsche Forfait Group is available for
download today on the Company's homepage www.dfag.de.

About DF Group

The main business activities of DF Group are the purchase and sale of
selected export receivables in emerging markets on a non-recourse basis.
The objective is to sell on the acquired receivables at the same time or in
the short term. Forfaiting is an increasingly important tool in export
financing, with volumes rising in line with growth in international trade
and the continuing advance of globalization. Creating tradable products
from receivables benefits both exporters and buyers. As well as
transferring risk to the buyer, the main benefit of forfeiting for
exporters is the inflow of cash. This relieves the exporters’ credit lines
and improves their balance sheet structure. DF Deutsche Forfait AG
structures receivables attractively, so that investors seek them as a type
of investment.

DF Deutsche Forfait AG
Media & Investor Relations
Kattenbug 18 - 24
50667 Cologne
T +49 221 97376-46
F +49 221 97376-60
E communications@dfag.de
http://www.dfag.de

31.08.2007 Financial News transmitted by DGAP

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
Indices:
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, München, Stuttgart

End of News DGAP News-Service

---