DF Deutsche Forfait AG / Quarter Results/Preliminary Results
10.11.2008
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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DF Deutsche Forfait AG remains on track
Consolidated profit for the first nine months of 2008 up by 20%
Forecasted 2008 results reached to 75%
Two offices opened in important international markets
Cologne, 10 November 2008 DF Deutsche Forfait AG (Prime Standard, ISIN:
DE0005488795) increased its consolidated profit by 20% against the previous
years period in the first nine months of the financial year 2008, reaching
EUR 4.5 million according to provisional figures. This means that it has
reached 75% of its EUR 6.0 million full year forecast. In the first nine
months of 2008 forfaiting volume nearly reached previous year levels at
around EUR 731 million. In spite of the significant increase of insecurity
at the financial markets the Management Board still assumes that the full
year forecast of EUR 6.0 million will be reached.
The intensification of the financial crisis in recent weeks has led to a
tight liquidity position for the banks. This has influenced investors to be
more reluctant in purchasing receivables on the forfaiting market. On the
purchasing side the market conditions are still very good as exporters are
increasingly asking for faster inflow of liquidity.
The opening of a new office in Zurich on 1 October 2008 should further
strengthen the placement power of the company, which is presently of
particular importance. Thus DF Deutsche Forfait significantly improves its
access to the Swiss financial market, one of the key markets for forfaiting
business. Additionally, on 1 October the company opened a new branch in Sao
Paolo, Brasil. The Brasilian market, so far served from the base in Miami,
USA, is the largest economy in South America.
The opening of the new offices in Brasil and Switzerland is increasing DF
Deutsche Forfait Groups global footprint to eleven locations. The
increased international presence is another step in the company's growth
strategy announced at the IPO in 2007.
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 10.11.2008
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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-News: DF Deutsche Forfait AG remains on track
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