- DF Group boosts its business volume to a total of EUR 187.2 million
- Consolidated net income positive again for the first time at EUR 3.2 million
- Business driven by food and pharmaceuticals
Grünwald, 30 April 2020 – DF Deutsche Forfait AG (ISIN share: DE000A2AA204, ISIN bond: DE000A1R1CC4) today published the consolidated financial statements for the financial year 2019. As previously announced, the company’s earnings situation has improved significantly compared to the previous year and the upgraded forecast of November 2019 has been achieved in full.
Thanks to the successful business performance, consolidated net income rose to EUR 3.2 million (previous year: EUR -1.8 million), which is equivalent to earnings per share of EUR 0.27 (previous year: EUR -0.15).
“For the first time in many years, DF Group had a strong financial year. We have regained trust from our customers and partners,” says CEO Dr. Behrooz Abdolvand.
The noticeable improvement in earnings was mainly driven by the increased business volume of EUR 187.2 million (previous year: EUR 75.2 million). The business volume was primarily generated by the marketing services launched in the food and pharmaceuticals sector in the financial year 2019, which contributed EUR 160.8 million to the business volume and generated commensurate income. Gross profit multiplied from EUR 0.6 million to EUR 11.1 million in the reporting period.
Total assets increased from EUR 12.9 million to EUR 27.6 million as of 31 December 2019. The increase in assets is mainly attributable to a shareholder loan in the amount of EUR 15.0 million. The equity ratio stood at a comfortable 31.1% as of the balance sheet date (previous year: 41.1%).
“Despite the coronavirus crisis, we expect a positive result also in the current financial year. It is the consistent implementation and enforcement of strict compliance standards which supports our business opportunities in the countries of the Near and Middle East,” emphasizes Board member Hans-Joachim v. Wartenberg.
The 2019 Annual Report of DF Deutsche Forfait AG is available at https://www.dfag.de/en/publications/.