DGAP-Adhoc 371 0 Kommentare DF Deutsche Forfait AG: Further write-downs against the restructuring portfolio

DGAP-Ad-hoc: DF Deutsche Forfait AG / Key word(s): Final Results/Miscellaneous

DF Deutsche Forfait AG: Further write-downs against the restructuring portfolio

25-Apr-2017 / 17:22 CET/CEST

Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

DF Deutsche Forfait AG: Further write-downs against the restructuring portfolio

Further write-downs against the restructuring portfolio in the amount of EUR 3.5 million
Consolidated result of EUR -2.8 million in line with previous guidance

Gruenwald, 25 April 2017 - DF Deutsche Forfait AG (ISIN share: DE000A2AA204, ISIN bond: DE000A1R1CC4) today took write-downs in the amount of EUR 8.4 million against the restructuring portfolio defined in the insolvency plan dated 29 April 2016. Taken as part of today's adoption of the financial statements for the short financial year from 2 July 2016 to 31 December 2016, these write-downs include both the EUR 4.9 million write-down announced in January 2017 and another EUR 3.5 million in write-downs against two blocks of receivables included in the restructuring portfolio. While the write-downs will not impact DF Deutsche Forfait AG's consolidated result directly as they will exclusively impact the value of the restructuring portfolio set aside to pay off the insolvency creditors, the company has established a provision of EUR 0.8 million through profit/loss to account for the now elevated likelihood of having to make compensation payments to the insolvency creditors.

Coming in at EUR -2.8 million, DF Deutsche Forfait AG's consolidated result for the short financial year is within the previously published guidance range of between EUR -2.0 and EUR -3.0 million. The full Annual Report will be published on 28 April 2017.

DF Deutsche Forfait AG

Investor Relations

Karolin Bistrovic

Hirtenweg 14

82031 Gruenwald

T +49 89 21551900-0

F +49 89 21551900-9

E investor.relations@dfag.de

http://www.dfag.de

25-Apr-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language:	English
Company:	DF Deutsche Forfait AG
	Hirtenweg 14
	82031 Grünwald
	Germany
Phone:	+49 89 21551900-0
Fax:	+49 89 21551900-9
E-mail:	dfag@dfag.de
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