DGAP-News 323 0 Kommentare DF Deutsche Forfait AG publishes figures for Q1 2015 - Seite 2

because of reduced personnel expenses resulting from the operational
restructuring and in spite of continued high legal and consulting expenses.
Due to the accrued losses, DF Deutsche Forfait AG's equity capital was
negative at EUR -7.3 million on 31 March 2015 (31 December 2014: EUR -5.3
million). Cash and cash equivalents amounted to EUR 21.2 million as of the
interim reporting date, up by EUR 6.4 million on year-end 2014. This amount
includes payments of EUR 8.8 million received for passing on to clients as
well as pledged deposits related to refinancing.

The necessary capital measures (debt-to-equity swap and cash capital
increase) are expected to be completed by early July, which means that the
company will then be able to handle much higher business volumes again.

Says Frank Hock, CFO of DF Deutsche Forfait AG: "We are making great
progress in restructuring our company. Now that the credit agreements have
been signed and the terms and conditions of the bond have been amended, the
debt capital measures have been completed. The swap offer for the
debt-to-equity swap is currently underway, which means that bondholders can
voluntarily swap their bonds for shares until 2 June. We are confident that
the stronger capital base that will result from the upcoming capital
increases will again allow us to fully satisfy the demand for financing
solutions for deliveries primarily to emerging and developing countries."

The report on the first three months of 2015 is published in the investor
relations section of the company's website today.

DF Deutsche Forfait AG
Christoph Charpentier
Kattenbug 18 - 24
50667 Cologne / Germany
T +49 221 97376-37
F +49 221 97376-60
E investor.relations@dfag.de
http://www.dfag.de

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22.05.2015 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.

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Media archive at www.dgap-medientreff.de and 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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