First projection shows conservative CDU in the leadpublished at 17:38 Greenwich Mean Time 23 FebruaryBreaking
Here's the first projection from German public broadcaster ARD. Unlike the earlier exit poll, a projection is based on real results, but as you can see, the numbers are very similar.

The Christian Democrats (CDU) are set for about 211 seats in parliament according to this calculation. If these numbers are borne out then they might be able form a coalition with the Social Democrats (SPD), despite their poor performance.
But that depends on whether the yellow party - the economic liberal FDP - gets into parliament. If the FDP doesn't get in, then the arithmetic works in the CDU's favour.
Under 5% and the FDP won't get in, but it's too early to say.
There are 630 seats in the new parliament.