DF Deutsche Forfait AG Releases 2023 Annual Report

Cologne, April 30, 2024 - DF Deutsche Forfait AG (ISIN: DE000A2AA204) today disclosed its 2023 annual report, maintaining the preliminary financial figures unchanged. The report highlighted a significant increase in business volume, which rose to EUR 182.1 million from EUR 145.8 million in the previous year. Gross profit met the predictions, totaling EUR 8.4 million.

Earnings before taxes, however, saw a steep decline to EUR 3.5 million, with increased other operating expenses heavily impacting the figures. Key expenses included legal consultancy, auditors, and stock market listing costs. Additionally, the increase in interest expenses was noted as a result of prevailing interest rate trends.

The company's net income reported was EUR 1.7 million, or EUR 0.14 per share, a significant drop from the previous year's EUR 5.4 million, or EUR 0.45 per share. Despite these challenges, Dr. Behrooz Abdolvand, CEO, expressed optimism about improving financial metrics in 2024, with expected increases in several performance indicators in the lower double-digit percentage range.

DF Deutsche Forfait AG asserts that it will continue to expand its business sectors and geographical reach, leveraging its M&A activities to enter new markets in the forthcoming years. The complete annual report is now accessible on the company's website.