Ad-hoc | 30 April 2015 17:27
DF Deutsche Forfait AG / Key word(s): Final Results
30.04.2015 17:27
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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DF Deutsche Forfait AG publishes figures for FY 2014
- Consolidated net loss of EUR 15.5 million
- Audit certificate granted for separate and consolidated financial
statements
- Updated restructuring report confirms going concern prospect
Cologne, 30 April 2015 - DF Deutsche Forfait AG (Prime Standard, ISIN:
DE0005488795) posted a consolidated net loss of EUR 15.5 million for the
2014 financial year (previous year: EUR -12.6 million). This equals to
earnings per share of EUR -2.28 (previous year: EUR -1.85). The loss was
essentially caused by the listing of DF Deutsche Forfait AG on the
sanctions list of the Office of Foreign Assets Control (OFAC), an agency of
the US Treasury. Due to the listing, DF Group was virtually unable to
perform business for most of the 2014 financial year. Accordingly, the
business volume declined from EUR 523.4 million to EUR 30.2 million. The
consolidated gross result including financial results dropped from EUR -0.5
million to EUR -3.8 million in the fiscal year 2014. Administrative
expenses increased by 12% to EUR 12.0 million primarily due to high legal
and consulting expenses incurred in connection with the OFAC listing as
well as the preparation of the financial restructuring. As a result of the
consolidated net loss, DF Deutsche Forfait AG posted negative equity of EUR
5.3 million at the end of 2014 (previous year: positive equity of EUR 10.2
million).
The restructuring report ("IDW S6 Sanierungsgutachten") updated in April
2015 confirms the going concern for DF Group. The confirmed going concern
and audited consolidated financial statements 2014 represent the basis for
a successful implementation of the planned capital increase against a
contribution in kind and in cash.
The Annual Report 2014 (German version) will be published in the Investor
Relations section on the company's website today. The English version will
be published shortly.
DF Deutsche Forfait AG
Christoph Charpentier
Kattenbug 18 - 24
50667 Köln
T +49 221 97376-37
F +49 221 97376-60
E investor.relations@dfag.de
http://www.dfag.de
30.04.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: DF Deutsche Forfait AG
Kattenbug 18-24
50667 Köln
Germany
Phone: +49 (0)221 - 973 76 0
Fax: +49 (0)221 - 973 76 76
E-mail: dfag@dfag.de
Internet: www.dfag.de
ISIN: DE000A14KN88, DE000A1R1CC4,
WKN: A14KN8, A1R1CC
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart
End of Announcement DGAP News-Service
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