Half-Year Report 2024 Published – DF Group Remains on Track

DF Deutsche Forfait AG (DF AG) has released its half-year report for 2024, revealing notable developments in its business operations. The business volume reached EUR 105.1 million, up from EUR 83.1 million the previous year. This growth was propelled by the Marketing Service segment.

Gross profit experienced a modest increase, rising from EUR 4.4 million to EUR 4.7 million. However, earnings before taxes fell to EUR 2.0 million, compared to EUR 2.3 million last year, impacted by lower interest income. Consolidated net income stood at EUR 1.5 million, down from EUR 2.0 million in the previous year.

CEO Dr. Behrooz Abdolvand emphasized the stability of the Marketing Service product and highlighted the company's focus on diversification. The recent acquisition of Berliner Vagabund Brauerei GmbH's assets marks a strategic step in this direction. DF AG expects improved business conditions in the second half of the year.

The Board of Management forecasts a 5% to 15% increase in business volume and a 10% to 20% rise in earnings before taxes for 2024. As of 30 June 2024, DF AG's cash and cash equivalents totaled EUR 44.2 million.