DF Deutsche Forfait AG announced consolidated earnings results for the fourth quarter and full year of fiscal 2018. For the quarter, the company reported consolidated result of EUR 0.1 million.

For the year, the company reported that the business volume increased significantly from EUR 23.5 million in 2017 to EUR 75.2 million. The improvement of the gross result is essentially attributable to the higher commission income, which rose from EUR 0.8 million in the previous year to EUR 2.4 million. Net loss was EUR 1.8 million against EUR 2.7 million a year ago.

The company is cautiously optimistic about the full year 2019. The company projects a business volume of about EUR 300 million for the current financial year in spite of the weak start to the year 2019. The company projects a positive consolidated result for the financial year 2019.