DF Deutsche Forfait AG / Half Year Results 27.08.2008 Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- - Forfaiting volume increases by 12% to EUR 513.7 million - Significant increase in gross results by 35% to EUR 8.8 million - Consolidated profit well in line at EUR 3.2 million (+ 46%) Cologne, 27 August 2008 - DF Deutsche Forfait AG (Prime Standard, ISIN: DE0005488795) significantly increased its forfaiting volume and results in the first six months of 2008. With its good operating performance, the company once again confirms the positive development of its business even during the ongoing banking crisis. The Management Board is confirming the April 2008 full year forecast of consolidated profit of EUR 6.0 million and a planned increase in forfaiting volume to more than EUR 1.0 billion. The foreign trade financer focusing on forfaiting transactions with exports in emerging markets and developing countries generated a forfaiting volume of EUR 513.7 million in the first six months of 2008, which corresponds to an increase of 12% compared to the prior year. Gross result including financial results the key financial performance figure for the groups success in the forfaiting business amounted to EUR 8.8 million in the first half of 2008, which represents a 35% increase over the prior year value of EUR 6.5 million. In addition to the higher forfaiting volume, the main reason for the pronounced increase in the gross result was an improvement in the forfaiting margin from 1.4% to 1.7%. Consolidated profit for the first six months was EUR 3.2 million, an increase of 46% compared to the prior year value. Based on an average of 6.8 million shares outstanding, earnings per share amounted to EUR 0.47 compared to EUR 0.32 in the first half of 2007. 'We are very confident that we will achieve our objectives for the 2008 financial year. With consolidated profit of EUR 3.2 million in the first six months, we have already generated 53% of our expected results,' says Jochen Franke, CFO of DF Deutsche Forfait AG. Business conditions remain favourable for DF Group. Although the global economy is slowing down, the trading volume is increasing steadily especially with emerging markets, where the international financial crisis also has less of an impact. In addition, steps taken to develop new markets and customer groups as part of the growth strategy are increasingly having an effect. This is illustrated by the pronounced increase in transactions with British exporters in particular. The report for the first half of 2008 is available on the company website at www.dfag.de. DF Deutsche Forfait AG Investor Relations Kattenbug 18 - 24 50667 Cologne T +49 221 97376-37 F +49 221 97376-60 E investor.relations@dfag.de http://www.dfag.de DGAP 27.08.2008 --------------------------------------------------------------------------- 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 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------
DGAP-News: DF Deutsche Forfait AG: Positive figures for the first six months confirm 2008 forecast
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