DGAP-News: DF Deutsche Forfait AG increases profit in the first half of 2012
(firmenpresse) - DGAP-News: DF Deutsche Forfait AG / Key word(s): Half Year Results
DF Deutsche Forfait AG increases profit in the first half of 2012
24.08.2012 / 07:27
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Press release
DF Deutsche Forfait AG increases profit in the first half of 2012
- Consolidated result rises by 7 % to EUR 1.5 million
- Forfaiting margin remains at the high level of 1.9%
- Positive outlook for full year 2012
Cologne, 24 August 2012?DF Deutsche Forfait AG generated consolidated
profit of EUR 1.5 million in the first half of the year, according to
preliminary figures. This corresponds to a 7 % rise year-on-year. Earnings
per share went up from EUR 0.20 in the first half of 2011 to EUR 0.22.
DF Group's business developed positively on account of the continuing good
conditions in the forfaiting market and the expected reduction of
administrative costs. The company processed forfaiting transactions with a
total volume of EUR 351.6 million in the first half of the year (prior
year: EUR 358.6 million). The forfaiting margin remained at the high level
of 1.9%. The gross result including financial results, the key performance
figure for success in the forfaiting business, declined slightly by 5% to
EUR 6.6 million. Administrative expenses came to EUR 4.5 million, down 9%
year-on-year.
Jochen Franke, CFO of DF Deutsche Forfait AG: 'We are very pleased with our
business performance in the first half of the year, particularly as we
still used considerable personnel resources in the first months of 2012 to
limit the effects of the lost arbitration proceedings. This positive
development makes us feel confident that we will close the full year 2012
with a clearly positive consolidated result.'
As previously announced, the complete Half Year Report June 2012 will be
available online on 30 August 2012.
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 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 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 forfaiting 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
Christoph Charpentier
Kattenbug 18 - 24
50667 Cologne, Germany
Phone: +49 221 97376-37
Fax: +49 221 97376-60
E-mail: investor.relations(at)dfag.de
http://www.dfag.de
End of Corporate News
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Language: English
Company: DFDeutsche Forfait AG
Kattenbug 18-24
50667 Köln
Germany
Phone: +49 (0)221 - 973 76 0
Fax: +49 (0)221 - 973 76 76
E-mail: dfag(at)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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182765 24.08.2012
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Datum: 24.08.2012 - 07:27 Uhr
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