DF Deutsche Forfait AG — Earnings Release 2008

May 28, 2008

News Details

Corporate | 28 May 2008 07:47

DF Deutsche Forfait AG: DF Group publishes figures for the first quarter of 2008

DF Deutsche Forfait AG / Quarter 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.

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• Forfaiting volume increases by 16% to EUR 266.5 million
• Significant increase in gross result by 36% to EUR 3.9 million
• Consolidated profit according to plan at EUR 1.4 million (+ 39%)
• Earnings forecast confirmed

Cologne, 28 May 2008 – DF Deutsche Forfait AG (ISIN: DE0005488795) has
started successfully into the year 2008. The foreign trade finance company
focusing on export receivables in emerging markets generated a forfaiting
volume of EUR 266.5 million in the first three months of this year, which
corresponds to a 16% increase compared to the same period last year. The
key financial performance figure for the group’s success in the forfaiting
business, gross result including financial results, amounted to EUR 3.9
million in the first quarter of 2008 which represents a 36% increase over
the prior year value of EUR 2.9 million. This increase is the result of a
higher forfaiting volume and a better forfaiting margin including financial
results, which at 1.5% was 0.2 percentage points higher compared to the
first three months of 2007. Consolidated profit for the quarter was EUR 1.4
million, an increase of 39% compared to the prior year value. Based on an
average of 6.8 million shares outstanding, earnings per share amounted to
EUR 0.21 compared to EUR 0.15 in the first quarter of 2007.

DF Deutsche Forfait AG has been able to sustain the positive development of
its business thanks to the successful implementation of the company's
growth strategy. The foundation for additional growth was established by
the IPO in May of last year, which resulted in an increase in the company’s
refinancing capacities. Important steps taken to develop new markets and
customer groups include the establishment of new offices in Pakistan and
Great Britain as well as the takeover of activities from Aon Forfaiting
Limited. The London office in particular has already made a significant
contribution to the total forfaiting volume during the first quarter of
2008.

Underlying conditions remain positive for the DF Deutsche Forfait AG
business model. The increase in world trade and continued strong investor
demand for receivables with a real economic basis create a solid foundation
for the forfaiting business. The current banking crisis still has no
negative impact on the business of DF Deutsche Forfait AG.

In light of these positive business developments, the Board of Management
is confirming its forecast for consolidated profit of EUR 6.0 million for
the 2008 financial year.

The report for the first quarter of 2008 is available on the company
website www.dfag.de.

DF Deutsche Forfait AG
Investor Relations
Kattenbug 18 - 24
50667 Cologne
T +49 221 97376-37
F +49 221 97376-60
E investor.relations@dfag.de
http://www.dfag.de

28.05.2008 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
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, München, Stuttgart

End of News DGAP News-Service

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