DGAP-News: DF Deutsche Forfait AG generates considerable increase in profit in 2008

DF Deutsche Forfait AG / Final Results

10.03.2009 

Release of a Corporate 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 net profit increased to EUR 5.8 million 
- 97% of profit forecast achieved
- Forfaiting margin improves for fifth year in succession

Cologne, 10 March 2009 - DF Deutsche Forfait AG (ISIN: DE0005488795) has
increased consolidated net profit to EUR 5.8 million in the 2008 financial
year based on preliminary figures. This corresponds to an increase of 9%
compared to the 2007 financial year. Although the today's extent of the
financial crisis wasn't foreseeable back then, 97% of the forecast
delivered in April 2008 of EUR 6.0 million has been achieved despite the
increasingly difficult market conditions over the course of the year.
Earnings per share, based on the currently 6.8 million shares outstanding,
amounted to EUR 0.85 compared to adjusted earnings of EUR 0.78 in 2007.

Gross result including financial results, the most important key figure to
measure success in the forfaiting business, went up from EUR 15.1 million
to EUR 16.1 million. The financial crisis and the related decrease in
liquidity led to a considerable increase in the margin. The forfaiting
margin resulting from the gross result related to the forfaiting volume
improved for the fifth year in a row and rose from 1.7% in the prior year
to 1.9% in the 2008 financial year. This more than offset the decline in
the forfaiting volume of 8.4% to EUR 826 million.

'Companies have fewer financing options as a result of the banking crisis
and this has led to less competition in purchasing receivables and
therefore to higher margins. DF Deutsche Forfait AG benefits considerably
from this development on the purchasing side, even if difficulties on the
buyer side have a negative impact on the volume. This trend continues
undiminished during the current year,' explains CFO Jochen Franke.

The company will publish the complete consolidated financial statements and
the Annual Report 2008 on 23 April 2009.

About DF Group
The main business activities of DF Group are the purchase and sale of
selected export receivables in emerging markets on a non-recourse basis.
The objective is to sell the acquired receivables at the same time or in
the short term. Forfaiting is an increasingly important tool in export
financing, with volumes rising in line with the continuing advance of
globalization. Creating tradable products from receivables benefits both
exporters and buyers. As well as transferring risk to the buyer, the main
benefit of forfaiting for exporters is the inflow of cash. This relieves
the exporters' credit lines and improves their balance sheet structure. DF
Deutsche Forfait AG structures receivables attractively, so that investors
seek them as a type of investment.


DF Deutsche Forfait AG
Media & 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 10.03.2009 
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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
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, München, Stuttgart
End of News                                     DGAP News-Service
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