13.11.2013 Deutsche EuroShop AG  DE0007480204

DGAP-News: Deutsche EuroShop: Forecast increased following positive nine-month result


 
DGAP-News: Deutsche EuroShop AG / Key word(s): Interim Report/Change in Forecast Deutsche EuroShop: Forecast increased following positive nine-month result 13.11.2013 / 18:00 --------------------------------------------------------------------- Deutsche EuroShop: Forecast increased following positive nine-month result - Revenue: EUR138.2 million (+18 %), EBIT: EUR120.5 million (+19 %) - EBT: EUR93.7 million (+31 %) - Consolidated profit: EUR77.2 million (+55 %) - FFO: EUR1.58 per share (+17 %) - Increase in EBT and FFO forecast Hamburg, 13 November 2013 - Based on the results for the first nine months, Deutsche EuroShop has raised its forecast for the year as a whole. The shopping center investor recorded net operating income of EUR124.5 million (+19 %) and a 19 % increase in EBIT (EUR120.5 million) on revenues of EUR138.2 million (+18 % year-on-year). These increases can be attributed to two main reasons: firstly, the Herold-Center contributed to the results for the first time. Its contribution applies since the start of the year. Secondly, Deutsche EuroShop increased its shareholding in the Altmarkt-Galerie Dresden to 100% at the end of April. 'We completed the sale of our 33% stake in the Galeria Dominikanska in Wroclaw, Poland, at the end of August. That enabled us to further optimise our portfolio and generate income in the amount of EUR15.7 million,' explained Claus-Matthias Böge, Executive Board Spokesman. Earnings before taxes (EBT) climbed 31 %, from EUR71.0 million to EUR93.7 million. Funds from operations (FFO), which do not include proceeds from the sale, rose by 17 % from EUR1.35 to EUR1.58 per share - in absolute terms, the FFO exceeded the figure for the same period of the previous year by 22 %. Consolidated profit increased by 55 % from EUR49.9 million to EUR77.2 million and earnings per share were up from EUR0.96 to EUR1.43. The special effect that arose from the sale of the investment enabled forecasts for both earnings before taxes without measurement gains/losses and funds from operations to be increased. For financial year 2013, Deutsche EuroShop now expects - revenue of between EUR186 million and EUR189 million and - earnings before interest and taxes (EBIT) of between EUR162 million and EUR165 million - earnings before taxes (EBT) without measurement gains/losses of between EUR130 million and EUR132 million (previously: between EUR113 and EUR116 million) and - funds from operations (FFO) per share of between EUR2.06 and EUR2.09 (previously: between EUR1.99 and EUR2.03). On the subject of a potential dividend increase, Böge explained, 'We will examine the possibility of increasing the dividend, most recently at EUR1.20 per share, so that our shareholders can share in Deutsche EuroShop's upward business trend.' Full interim report The full interim report is available as a PDF document and in ePaper format. It can be downloaded from www.deutsche-euroshop.com/ir Internet broadcast of the teleconference On Thursday 14 November 2013 at 10 a.m. (CET), Deutsche EuroShop will broadcast its English teleconference as a live webcast on the Internet at www.deutsche-euroshop.com/ir Deutsche EuroShop - The shopping center company Deutsche EuroShop is the only public company in Germany to invest solely in shopping centers in prime locations. The MDAX-listed company currently has investments in 19 shopping centers in Germany, Austria, Poland and Hungary. The portfolio includes the Main-Taunus-Zentrum near Frankfurt, the Altmarkt-Galerie in Dresden and the Galeria Baltycka in Gdansk, among many others. Figures for Deutsche EuroShop (IFRS)
                                             01.01.-      01.01.-
                                              30.09.       30.09.
in EUR millions                                 2013         2012     + / -
Revenue                                        138.2        117.0      18 %
EBIT                                           120.5        101.0      19 %
Net finance costs                              -20.0        -27.2      26 %
Measurement gains/losses                        -6.8         -2.7    -147 %
EBT                                             93.7         71.0      32 %
Consolidated profit                             77.2         49.9      55 %
FFO per share in EUR                            1.58         1.34      18 %
EPRA* earnings per share in EUR                 1.25         1.00      25 %
(undiluted)
                                          30.09.2013   31.12.2012     + / -
Equity**                                     1,534.6      1,528.4       0 %
Liabilities                                  1,778.9      1,630.9       9 %
Total assets                                 3,313.6      3,159.3       5 %
Equity ratio (%)**                              46.3         48.4
LTV ratio (%)                                     45           40
Gearing (%)**                                    116          107
Cash and cash equivalents                       51.7        158.2     -67 %
* European Public Real Estate Association ** Incl. third-party interests in equity End of Corporate News --------------------------------------------------------------------- 13.11.2013 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: Deutsche EuroShop AG Heegbarg 36 22391 Hamburg Germany Phone: +49 (0)40 413 579-0 Fax: +49 (0)40 413 579-29 E-mail: [email protected] Internet: www.deutsche-euroshop.de ISIN: DE0007480204 WKN: 748020 Indices: MDAX Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 239769 13.11.2013


Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 218,49 225,05 225,94 224,10 211,75 212,81 0,00
EBITDA1,2 192,42 199,19 197,64 190,46 152,67 160,56 0,00
EBITDA-Marge3 88,07 88,51 87,47 84,99 72,10 75,45
EBIT1,4 192,37 199,14 197,47 161,24 152,50 152,43 0,00
EBIT-Marge5 88,05 88,49 87,40 71,95 72,02 71,63 0,00
Jahresüberschuss1 134,33 79,40 112,09 -251,72 59,95 21,36 0,00
Netto-Marge6 61,48 35,28 49,61 -112,32 28,31 10,04 0,00
Cashflow1,7 156,02 159,20 170,21 111,09 172,67 140,63 0,00
Ergebnis je Aktie8 2,31 1,29 1,81 -4,07 0,97 0,35 1,35
Dividende8 1,45 1,50 0,00 0,04 1,00 2,50 1,40
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2022 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: BDO

INVESTOR-INFORMATIONEN
©boersengefluester.de
Deutsche EuroShop
WKN Kurs in € Einschätzung Börsenwert in Mio. €
748020 19,040 Kaufen 1.455,88
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
10,46 13,68 0,76 11,18
KBV KCV KUV EV/EBITDA
0,71 10,35 6,84 16,72
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
2,50 1,65 8,67 25.06.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
14.05.2024 14.08.2024 14.11.2023 26.04.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-1,23% -5,23% -15,57% 4,67%
    
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Immobilien (Gewerbe) , 748020 , DEQ , XETR:DEQ