DGAP-News 493 0 Kommentare DF Deutsche Forfait AG publishes figures for Q1 2016

DGAP-News: DF Deutsche Forfait AG / Key word(s): Quarterly / Interim
Statement
DF Deutsche Forfait AG publishes figures for Q1 2016

31.05.2016 / 18:00
The issuer is solely responsible for the content of this announcement.

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DF Deutsche Forfait AG publishes figures for Q1 2016

- Consolidated net loss of EUR 4.3 million (previous year: EUR -1.9
million)

- High costs of the insolvency proceedings

- Upcoming capital measures to lay the basis for a fresh start

Cologne, 31 May 2016 - DF Deutsche Forfait AG (Prime Standard, ISIN:
DE000A14KN88) posted a consolidated net result of EUR -4.3 million for the
first quarter of 2016 (previous year: EUR -1.9 million). This is equivalent
to earnings per share of EUR -0.64 (previous year: EUR -0.28). The high
loss is essentially attributable to the fact that the operating activities
have almost come to standstill due to the insolvency proceedings as well as
to the cost of the proceedings in the amount of approx. EUR 3.1 million. DF
Group's business volume amounted to EUR 3.4 million (previous year: EUR
25.2 million). The Group's gross result before financial results stood at
approx. EUR 0.4 million (previous year: EUR 0.2 million). The cost of the
proceedings pushed administrative expenses to EUR 4.8 million compared to
EUR 2.4 million in the previous year. As a result of the accrued losses, DF
Deutsche Forfait AG's equity capital was negative at EUR -36.7 million as
at 31 March 2016 (31 December 2015: EUR -32.1 million). With the execution
of the capital increases laid down in the insolvency plan to be completed
shortly, the company will again have a sufficient equity base for a fresh
start of its operating activities.

The Q1 Report of DF Deutsche Forfait AG is available in the Investor
Relations section of the company's website.

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
T +49 221 97376-37
F +49 221 97376-60
E investor.relations@dfag.de
http://www.dfag.de

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31.05.2016 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,
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Archive at www.dgap.de

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Language: English
Company: DF Deutsche 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@dfag.de
Internet: www.dfag.de
ISIN: DE000A14KN88, DE000A1R1CC4,
WKN: A14KN8, A1R1CC
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart

End of News DGAP News Service
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468097 31.05.2016