DF Deutsche Forfait AG reported preliminary consolidated earnings results for the year ended December 31, 2012. Consolidated net income amounted to approximately EUR 2.5 million, which represents a return on equity of 9%. Preliminary earnings per share reached EUR 0.37 against loss per share EUR 0.58 a year ago and will allow the company to pay out an attractive dividend. The increased result is attributable to improved forfaiting business.

The company has also announced a change on the Board of Management. The supervisory board has appointed Frank Hock new member of the Board of Management of company. He will take over as Chief Financial Officer from Jochen Franke, who has terminated his contract for personal reasons. Mr. Franke will resign from the Board of Management upon adoption of the 2012 financial statements in late March. Frank Hock has sat on the supervisory board of company since 2007 and has been a shareholder of the company for many years.