DF DEUTSCHE FORFAIT AG - DF AG achieves expected business volume and consolidated result in the first half of 2020
- Outlook for the full-year remains positive due to intact demand in the core businesses food & medicine
- Diversification and geographical expansion is on the right track
Grünwald, 23 September 2020 - DF Deutsche Forfait AG (ISIN DE000A2AA204) significantly improved its financial figures in the first half of 2020 compared to the same period of the previous year. The business volume increased by 95% to a total of EUR 88.1 million. The consolidated result of EUR 1.2 million (previous year: EUR -0.1 million) was also very pleasing. The gross result including the financial result also improved by almost 30% to a total of EUR 4.0 million.
Despite the difficult environment created by the emerging Corona pandemic, which has led to a decline in trading operations in emerging markets, demand in the DF Group's core businesses in the food, medicine and medical products sectors, remained stable in the first half of 2020.
For the full year 2020, the Management Board expects a weaker but nevertheless positive gross and consolidated result compared to the previous year. 'While the impact of the Corona pandemic has somewhat held up the planned expansion of our geographic focus in recent months, we have used the time to expand our network as well as our product portfolio to include the project finance business. We are therefore looking forward to 2021,' says CEO Dr. Behrooz Abdolvand.
Administrative expenses decreased by 17% to EUR 2.4 million in the first half of 2020. Earnings per share amounted to EUR 0.10 compared to EUR -0.01 in the first half of the previous year. Compared to the end of 2019, total assets increased from EUR 27.6 million to EUR 28.4 million. DF's equity increased by EUR 1.2 million to EUR 9.7 million compared to year-end 2019. The equity ratio was 34.3% as of the reporting date.
The interim consolidated financial statements for the first half of 2020 of DF Deutsche Forfait AG is available in German on the company's website at https://www.dfag.de/en/publications/.
- Share on Facebook
- Share on Twitter
- Share on WhatsApp
- Share on Pinterest
- Share on LinkedIn
- Share on Tumblr
- Share on Vk
- Share on Reddit
- Share by Mail
- September 2020 (1)
- July 2020 (1)
- June 2020 (1)
- May 2020 (2)
- April 2020 (2)
- March 2020 (1)
- November 2019 (4)
- September 2019 (2)
- August 2019 (1)
- May 2019 (1)
- April 2019 (2)
- January 2019 (2)
- December 2018 (1)
- October 2018 (1)
- August 2018 (1)
- July 2018 (1)
- June 2018 (1)
- May 2018 (1)
- April 2018 (2)
- March 2018 (1)
- November 2017 (1)
- October 2017 (2)
- August 2017 (1)
- July 2017 (1)
- April 2017 (2)
- March 2017 (1)
- January 2017 (2)
- December 2016 (2)
- November 2016 (2)
- October 2016 (2)
- September 2016 (1)
- July 2016 (3)
- June 2016 (2)
- May 2016 (4)
- April 2016 (3)
- February 2016 (2)
- January 2016 (4)
- December 2015 (2)
- November 2015 (1)
- October 2015 (2)
- September 2015 (4)
- August 2015 (2)
- July 2015 (3)
- June 2015 (4)
- May 2015 (6)
- April 2015 (5)
- March 2015 (1)
- February 2015 (5)
- January 2015 (4)
- December 2014 (4)
- November 2014 (2)
- October 2014 (3)
- August 2014 (2)
- April 2014 (1)
- March 2014 (2)
- February 2014 (2)
- November 2013 (1)
- August 2013 (1)
- May 2013 (2)
- April 2013 (2)
- March 2013 (1)
- February 2013 (1)
- November 2012 (2)
- August 2012 (2)
- May 2012 (2)
- April 2012 (1)
- March 2012 (2)
- November 2011 (1)
- August 2011 (2)
- May 2011 (2)
- April 2011 (1)
- March 2011 (1)
- November 2010 (2)
- October 2010 (1)
- August 2010 (1)
- May 2010 (2)
- April 2010 (2)
- March 2010 (1)
- November 2009 (2)
- August 2009 (1)
- May 2009 (1)
- April 2009 (2)
- March 2009 (1)
- January 2009 (1)
- November 2008 (2)
- October 2008 (1)
- August 2008 (1)
- May 2008 (1)
- April 2008 (2)
- March 2008 (1)
- January 2008 (1)
- November 2007 (2)
- August 2007 (1)
Attachments
- Original document
- Permalink
Disclaimer
DF Deutsche Forfait AG published this content on 23 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 September 2020 14:14:07 UTC
