Group financials for the period from 2 July to 30 September 2016 within the planned range
In the first quarter of the current short financial year, DF Deutsche Forfait AG (ISIN: DE000A2AA204) posted a business volume of EUR 2.0 million (previous year: EUR 13.5 million) and a planned consolidated net loss of EUR 1.0 million (previous year: EUR -18.4 million), which is in line with the forecast published in the last Annual Report. DF Group primarily used the reporting period – after the termination of the insolvency proceedings – to optimize its compliance and risk management system for the resumption of business.
The consolidated gross result before financial results amounted to approx. EUR 0.8 million (previous year: EUR -14.4 million). Administrative expenses declined sharply to EUR 1.8 million (previous year: EUR 3.7 million). At EUR 11.7 million, DF Group’s equity capital was positive as at the interim reporting date of 30 September 2016 (1 July 2016: EUR 12.7 million).
Because of the insolvency proceedings terminated on 1 July 2016, the year 2016 consists of two short financial years for DF Group. “Short financial year 2016 I” covers the period from 1 January 2016 to 1 July 2016 (termination of the insolvency proceedings), while the “short financial year 2016 II” runs from 2 July to 31 December 2016.
The quarterly statement for the period from 2 July to 30 September 2016 of DF Deutsche Forfait AG is available on the company’s website in the Investor Relations section.