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Preliminary unaudited financial figures for 2023 - DF Group holds its own in a difficult market environment - Seite 2

The preliminary unaudited consolidated net profit for the 2023 financial year amounts to EUR 1.7 million or EUR 0.14 per share (previous year: EUR 5.4 million or EUR 0.45 per share). In addition to the upstream factors, the utilization of deferred taxes in the amount of EUR 1.1 million had to be taken into account due to a change in the earnings and planning calculation triggered by the market uncertainties.

According to preliminary figures, DF AG's cash and cash equivalents amounted to EUR 41.9 million as of 31 December 2023. 

"Unfortunately, we were unable to match the good result of 2022 due to external influences on our core business," comments CEO Dr. Behrooz Abdolvand on the preliminary result. "Bafin's special audit of one of our former correspondent banks for foreign trade with Iran led to considerable uncertainty throughout the market in the second half of 2023. As we were only able to free up our credit balances at the correspondent bank, which had been blocked for a long time, shortly before Christmas, they could no longer be used in the 2023 financial year. In terms of business policy, the second half of 2023 was therefore subject to a significant external blockade of our business activities."

As announced, the 2023 Annual Report will be published by April 30, 2024 at the latest.

About DF-Group

DF Group is a specialist in foreign trade finance with a focus on the Middle East and Eastern Europe regions. DF Group focuses on the food, pharmaceutical, healthcare, industrial, renewable energy and infrastructure sectors. With its extensive experience, its strong network and its comprehensive compliance expertise, DF Group offers its customers the right product solution. Since 2023, DF Group has also been acting as an independent trader of agricultural products in the new Trading business area, while complying with the applicable compliance requirements.

contact Investor Relations / press:

DF Deutsche Forfait AG
Guido Janzen
Gustav-Heinemann-Ufer 56, D - 50968 Cologne
P [phone]

E [e-mail]
www.dfag.de

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27.03.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.