DF Deutsche Forfait AG — Earnings Release 2010

Mar 8, 2011

News Details

Ad-hoc | 8 March 2011 07:32

DF Deutsche Forfait AG publishes 2010 preliminary figures

DF Deutsche Forfait AG / Key word(s): Preliminary Results

08.03.2011 07:32

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
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DF Deutsche Forfait AG publishes 2010 preliminary figures

• Forfaiting volume rises to EUR 650 million (+13 %)
• Consolidated profit of EUR 2.1 million down year-on-year
• Efficiency improvement measures in sales are starting to show effect

Cologne, March 8, 2011 - DF Deutsche Forfait AG achieved consolidated net
income of EUR 2.1 million (previous year: EUR 3.5 million) according to the
preliminary business figures. In view of the currently outstanding 6.8
million shares, preliminary earnings per share came to EUR 0.31 compared to
EUR 0.52 in 2009. The result mainly dropped because of the expected
reduction of the forfaiting margin. At the same time, the forfaiting volume
was not increased to the required extent.

The forfaiting margin fell from 2.4 %, a record value achieved in the
previous year on account of the financial crisis, to 1.8 % in 2010.
Although the forfaiting volume went up by 13 % to EUR 650 million (previous
year: EUR 576 million), this was not enough to compensate for the drop in
margin. Consequently, the gross result including financial results, the
multiplication of margin and volume, went down from EUR 14.0 million to EUR
11.8 million.

The efficiency improvement measures in sales launched in fall 2010 started
showing first effects in the second half of the fourth quarter. Between
October and December, the forfaiting volume increased from EUR 150 million
in the previous quarter to EUR 165 million. The forfaiting volume generated
in that quarter will only have an effect on income to a greater extend than
usual in financial year 2011.

The complete consolidated financial statements and annual report 2010 will
be published on 5 April 2011.

DF Deutsche Forfait AG
Christoph Charpentier
Kattenbug 18 - 24
50667 Cologne, Germany
Phone:
Fax:
E investor.relations@dfag.de
http://www.dfag.de

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Language: English
Company: 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 Announcement DGAP News-Service

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