DF Deutsche Forfait AG / Forecast/Final Results
16.04.2008
Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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- Consolidated profit expected to increase to EUR 6.0 million
- Projected forfaiting volume of at least EUR 1.0 billion
- 2007 figures confirm business growth
Cologne, 16 April 2008 - DF Deutsche Forfait AG (prime standard, ISIN:
DE0005488795) is expecting consolidated profits of approximately EUR 6.0
million for the 2008 financial year with a projected forfaiting volume of
at least EUR 1.0 billion. In the 2007 financial year, the company generated
a forfaiting volume of EUR 902.2 million and a consolidated result of
approximately EUR 5.3 million. This significant increase compared to 2007
is based on management expectations that the forfaiting business will
continue to develop positively. Unlike many banks and financial service
providers, the current financial crisis does not have a negative impact on
the business development of the DF Deutsche Forfait Group. Additional
business generated by the new office in London opened at the end of last
year also supports the positive outlook for 2008.
The 2007 consolidated financial statements for the DF Deutsche Forfait
Group released today, which were approved by the Supervisory Board in its
meeting on 1 April 2008, underscore the positive development of the
company. The gross result including financial result which is the key
management indicator for the group improved from EUR 14.2 million in the
2006 financial year to EUR 15.1 million for the reporting period. Adjusted
for extraordinary income in the 2006 financial year, the actual increase
was approximately EUR 1.6 million. As reported when the preliminary figures
were released, this increase is mainly due to a larger proportion of
high-margin transactions in 2007. While the forfaiting volume fell slightly
by 3.8% to EUR 902.2 million, the forfaiting margin including financial
result actually increased to from 1.5% to 1.7% in the 2007 financial year.
Earnings per share based on the average number of shares for the financial
year amounted to EUR 0.87.
As announced previously, the Board of Management and Supervisory Board are
submitting a resolution to the AGM for a dividend based on a payout ratio
of 50% of consolidated profit. This corresponds to a dividend of EUR 0.39
per share.
The 2007 annual report is now available on the company website at
http://www.dfag.de/gf2007.html?&L=1
DF Deutsche Forfait AG
Media & Investor Relations
Kattenbug 18 - 24
50667 Cologne
Phone +49 221 97376-37
Fax +49 221 97376-60
E-mail investor.relations@dfag.de
http://www.dfag.de
DGAP 16.04.2008
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Language: English
Issuer: DF Deutsche Forfait AG
Kattenbug 18-24
50667 Köln
Deutschland
Phone: +49 (0)221 - 973 76 0
Fax: +49 (0)221 - 973 76 76
E-mail: dfag@dfag.de
Internet: www.dfag.de
ISIN: DE0005488795
WKN: 548879
End of News DGAP News-Service
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DGAP-Adhoc: DF Deutsche Forfait AG publishes 2008 forecast
| Source: EQS Group AG