DGAP-Adhoc: DF Deutsche Forfait AG publishes Q1 2009

DF Deutsche Forfait AG / Quarter Results

26.05.2009 

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 EUR 0.8 million despite ongoing financial crisis 
- Current focus on risk prevention
- Recovery on the placement side since the beginning of the year
- Increasing margins partly compensating lower forfaiting volumes 

Cologne, 26 May 2009 - DF Deutsche Forfait AG (ISIN: DE0005488795) is today
publishing its Q1 2009 figures.

In the first three months, the export finance company generated
consolidated profits of EUR 0.8 million. Profits were down against the
previous year's figure of EUR 1.4 million, but that result was achieved in
very different conditions. Given considerable uncertainty in the market,
the first quarter of 2009 was very much driven by risk prevention. As a
result risk positions were on the decline. Compared to the previous year's
period, trade receivables declined from EUR 141.8 million to EUR 122.7
million, while unsecured risks from all forfaiting transactions (so-called
net risk) fell from EUR 16.6 million to EUR 13.9 million.

Mainly as a result of a more careful selection of transactions, the
forfaiting volume compared to the previous year's quarter fell to EUR 136.0
million (Q1 2008: EUR 266.5 million). In contrast to the Q4 2008 figure of
EUR 95.1 million this amount however marks a clear upward trend and this
development demonstrates the slight recovery on the placement side since
the beginning of the year. The important operating key figure, gross result
including financial results, declined by EUR 0.7 million to EUR 3.2
million. In percentage terms, this decline was considerably lower than in
forfaiting volumes, as the forfaiting margin again improved from 1.5% to
2.4%.

For the full year 2009, DF Deutsche Forfait AG is expecting a clearly
positive consolidated profit figure even if the financial crisis continues
and although the company's focus remains on risk prevention. Due to the
financial crisis, the placement side is still below Q1 2008 levels in spite
of the continuing recovery since the beginning of the year. Therefore DF
Deutsche Forfait AG remains careful with the selection of new business.


DF Deutsche Forfait AG
Christoph Charpentier
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 26.05.2009 
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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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DGAP-Adhoc: DF Deutsche Forfait AG publishes Q1 2009 figures
