DF Deutsche Forfait AG: Preliminary figures for the financial year 2023

EQS-Ad-hoc: DF Deutsche Forfait AG / Key word(s): Preliminary Results
DF Deutsche Forfait AG: Preliminary figures for the financial year 2023

27-March-2024 / 10:50 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Cologne, March 27, 2024 - According to preliminary unaudited figures, DF
Deutsche Forfait AG (ISIN: DE000A2AA204) (DF AG) generated a gross result of
EUR 8.4 million (previous year: EUR 10.6 million) on a business volume of
EUR 182.1 million (previous year: EUR 145.8 million) in the financial year
2023.

The reasons for the lower gross result compared to the previous year were,
on the one hand, the month-long blockade of our funds and the overall market
uncertainty triggered by Bafin's special audit of a former correspondent
bank of two DF companies. On the other hand, the margins in DF Group's core
business have declined.

According to preliminary unaudited figures, earnings before taxes amounted
to EUR 3.5 million, which is below the figure projected in July 2023 (EUR
4.7 million). This is mainly due to significantly higher legal consulting
costs in connection with the special audit as well as increased costs for
the stock exchange listing and the audits of the interim and annual
financial statements. Interest expenses also increased significantly due to
the general interest rate trend.

The preliminary unaudited consolidated net profit for the 2023 financial
year amounts to EUR 1.7 million or EUR 0.14/share (previous year: EUR 5.4
million or EUR 0.45/share). In addition to the market uncertainty, the
margin loss and the increased costs mentioned above, the reasons for this
significant decline in the consolidated result are the utilization of
deferred taxes in the amount of EUR 1.1 million due to the change in the
planning calculation.

According to preliminary figures, DF AG's cash and cash equivalents amounted
to EUR 41.9 million as of 31 December 2023.

As announced, the audited figures will be published on April 30, 2024 at the
latest.

The Executive Board

DF Deutsche Forfait AG
Gustav-Heinemann-Ufer 56
50968 Köln

Contact Person AdHoc:

DF Deutsche Forfait AG
Guido Janzen
Gustav-Heinemann-Ufer 56, 50968 Köln
T +49 221 97376-61

E investor.relations@dfag.de www.dfag.de


End of Inside Information

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   Language:       English
   Company:        DF Deutsche Forfait AG
                   Gustav-Heinemann-Ufer 56
                   50968 Köln
                   Germany
   Phone:          +49 221 97376 - 0
   E-mail:         dfag@dfag.de
   Internet:       www.dfag.de
   ISIN:           DE000A2AA204, DE000A1R1CC4,
   WKN:            A2AA20, A1R1CC
   Listed:         Regulated Market in Frankfurt (General Standard);
                   Regulated Unofficial Market in Berlin, Dusseldorf,
                   Munich, Stuttgart, Tradegate Exchange
   EQS News ID:    1868627

End of Announcement EQS News Service
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1868627 27-March-2024 CET/CEST