DGAP-News: DF Deutsche Forfait AG publishes consolidated financial statements for 2019
DGAP-News: DF Deutsche Forfait AG
/ Key word(s): Annual Results
DF Deutsche Forfait AG publishes consolidated financial statements for 2019
30.04.2020 / 08:30
The issuer is solely responsible for the content of this announcement.
DF Deutsche Forfait AG publishes consolidated financial statements for 2019
DF Group boosts its business volume to a total of EUR 187.2 million Consolidated net income positive again for the first time at EUR 3.2 million Business driven by food and pharmaceuticalsGrünwald, 30 April 2020 - DF Deutsche Forfait AG (ISIN share: DE000A2AA204, ISIN bond: DE000A1R1CC4) today published the consolidated financial statements for the financial year 2019. As previously announced, the company's earnings situation has improved significantly compared to the previous year and the upgraded forecast of November 2019 has been achieved in full.
Thanks to the successful business performance, consolidated net income rose to EUR 3.2 million (previous year: EUR -1.8 million), which is equivalent to earnings per share of EUR 0.27 (previous year: EUR -0.15).
"For the first time in many years, DF Group had a strong financial year. We have regained trust from our customers and partners," says CEO Dr. Behrooz Abdolvand.
The noticeable improvement in earnings was mainly driven by the increased business volume of EUR 187.2 million (previous year: EUR 75.2 million). The business volume was primarily generated by the marketing services launched in the food and pharmaceuticals sector in the financial year 2019, which contributed EUR 160.8 million to the business volume and generated commensurate income. Gross profit multiplied from EUR 0.6 million to EUR 11.1 million in the reporting period.
Total assets increased from EUR 12.9 million to EUR 27.6 million as of 31 December 2019. The increase in assets is mainly attributable to a shareholder loan in the amount of EUR 15.0 million. The equity ratio stood at a comfortable 31.1% as of the balance sheet date (previous year: 41.1%).
"Despite the coronavirus crisis, we expect a positive result also in the current financial year. It is the consistent implementation and enforcement of strict compliance standards which supports our business opportunities in the countries of the Near and Middle East," emphasizes Board member Hans-Joachim v. Wartenberg.
The 2019 Annual Report of DF Deutsche Forfait AG is available at https://www.dfag.de/en/publications/.
About DF Group
DF Group has specialized in foreign trade finance and related services for exporters, importers and other financial service providers, with a focus on emerging markets. Within this market segment, the main focus is on financing foreign trade with Near and Middle East countries with an emphasis on the food and pharmaceuticals sectors.
Contact:
DF Deutsche Forfait AG
Hirtenweg 14
82031 Grünwald
T +49 89 21551900-0
F +49 89 21551900-9
E investor.relations@dfag.de
http://www.dfag.de
Investor Relations / Press:
Frederic Hilke
IR.on AG
T +49 221 9140970
E investor.relations@dfag.de
30.04.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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