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DF Deutsche Forfait AG
Earnings Release • Sep 10, 2019
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Earnings Release
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News Details
Corporate | 10 September 2019 09:00
DF Deutsche Forfait AG publishes figures for the first six months of 2019
DGAP-News: DF Deutsche Forfait AG / Key word(s): Half Year Results/Quarter Results
10.09.2019 / 09:00
The issuer is solely responsible for the content of this announcement.
Financial figures
DF Deutsche Forfait AG publishes figures for the first six months of 2019
Grünwald, 10 September 2019 – DF Deutsche Forfait AG (ISIN share: DE000A2AA204, ISIN bond: DE000A1R1CC4) today published the interim consolidated financial statements for the first six months of 2019. In the first half of the year, the company’s earnings situation improved significantly compared to the same period of the previous year. The business volume increased by 47.9% year-on-year to EUR 45.1 million (H1 2018: EUR 30.5 million). Gross profit also improved significantly year-on-year from EUR 0.5 million to EUR 3.1 million, which resulted in a consolidated loss of EUR 0.1 million in the reporting period (H1 2018: EUR -1.4 million). The improvement in earnings is mainly attributable to the continued strong consulting business, improved margins in administrative services and initial successes in marketing services. As a result of this positive development, DF Group returned to profitability with a consolidated net income of EUR 0.3 million in the second quarter of 2019. A provision of EUR 0.35 million for a legal dispute had a negative impact on earnings. Overall, DF Group’s result for the first half of 2019 is in line with the expectations of DF AG’s Board of Management.
The interim consolidated financial statements of DF Deutsche Forfait AG for the period from 1 January to 30 June 2019 is available in the Investor Relations section on the company’s website at https://www.dfag.de/en/publications/ .
About DF Group
DF Group has specialized 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 medicine sectors.
Contact:
DF Deutsche Forfait AG
Hirtenweg 14
82031 Grünwald
T +49 89 21551900-0
F +49 89 21551900-9
Investor Relations / Press:
Frederic Hilke
IR.on AG
T +49 221 9140970
10.09.2019 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.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | DF Deutsche Forfait AG |
| Hirtenweg 14 | |
| 82031 Grünwald | |
| Germany | |
| Phone: | +49 89 21551900-0 |
| Fax: | +49 89 21551900-9 |
| E-mail: | [email protected] |
| Internet: | www.dfag.de |
| ISIN: | DE000A2AA204, DE000A1R1CC4, |
| WKN: | A2AA20, A1R1CC |
| Listed: | Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 871027 |
| End of News | DGAP News Service |