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EQS-News: DF Deutsche Forfait AG / Key word(s): Annual Results
Annual report 2023 published
2024-04-30 / 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
2024-04-30 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
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1891971 2024-04-30 CET/CEST

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END) Dow Jones Newswires

April 30, 2024 03:38 ET (07:38 GMT)