Annual report 2023 published

EQS-News: DF Deutsche Forfait AG / Key word(s): Annual Results
Annual report 2023 published

30.04.2024 / 09:38 CET/CEST
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

Cologne, April 30, 2024 - DF Deutsche Forfait AG (ISIN: DE000A2AA204) (DF
AG) today published its Annual Report 2023.

The previously reported preliminary figures remained unchanged. The business
volume increased to EUR 182.1 million in the financial year 2023 (previous
year: EUR 145.8 million). Gross profit was in line with expectations at EUR
8.4 million. Earnings before taxes fell more sharply than expected to EUR
3.5 million, with the significant increase in other operating expenses
having a noticeable impact here. The largest items here were legal
consultancy costs (EUR 429 thousand), costs for auditors and tax consultants
(EUR 411 thousand) and costs for the stock market listing (EUR 123
thousand). Interest expenses also increased significantly due to the general
interest rate trend.

Consolidated net income for the 2023 financial year amounted to EUR 1.7
million or EUR 0.14 per share. (previous year: EUR 5.4 million or EUR 0.45 /
share).

As a result of the developments in DF Group's market environment in 2023,
the company's earnings and planning figures also had to be adjusted. Among
other things, this led to the utilization of deferred taxes in the amount of
EUR 1.1 million.

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

"The Board of Management expects the performance indicators of business
volume, gross profit and earnings before taxes to increase in the lower
double-digit percentage range in the current financial year 2024," says CEO
Dr. Behrooz Abdolvand. "The past financial year has confirmed our resolve to
press ahead with the development of DF Group's business areas with all our
intensity, both in terms of sectors and geographies. In the coming years, we
will tap new business areas from our own M&A activities and thus
successively expand our field of activity".

The auditor's certificate was issued without objections.

The annual report can be viewed from today on our website at
https://www.dfag.de/en/investor-relations/publications/

About DF-Group

DF Group is a specialist in foreign trade finance with a focus on the Middle
East and Eastern Europe regions. DF Group focuses on the food,
pharmaceutical, healthcare, industrial, renewable energy and infrastructure
sectors. With its extensive experience, its strong network and its
comprehensive compliance expertise, DF Group offers its customers the right
product solution. Since 2023, DF Group has also been acting as an
independent trader of agricultural products in the new Trading business
area, while complying with the applicable compliance requirements.

contact Investor Relations / press:

DF Deutsche Forfait AG
Guido Janzen
Gustav-Heinemann-Ufer 56, D - 50968 Cologne
P +49 221 97376-61
E investor.relations@dfag.de
www.dfag.de


---------------------------------------------------------------------------

30.04.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

---------------------------------------------------------------------------

   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:    1891971

End of News EQS News Service
---------------------------------------------------------------------------

1891971 30.04.2024 CET/CEST