14.05.2014 Deutsche EuroShop AG  DE0007480204

DGAP-News: Deutsche EuroShop: 18% revenue growth and 12% increase in earnings in the first quarter of 2014


 
DGAP-News: Deutsche EuroShop AG / Key word(s): Quarter Results/Interim Report Deutsche EuroShop: 18% revenue growth and 12% increase in earnings in the first quarter of 2014 14.05.2014 / 18:10 --------------------------------------------------------------------- Deutsche EuroShop: 18% revenue growth and 12% increase in earnings in the first quarter of 2014 - First three months of the year on track - Full consolidation of the Altmarkt-Galerie Dresden - Consolidated profit: EUR22.6 million (+12%) - FFO: EUR0.55 per share (+10%) Hamburg, 14 May 2014 - The shopping center investor Deutsche EuroShop has published its interim report for the first quarter of 2014, reinforcing the full-year forecasts issued on 21 March with a strong set of results. Revenue in the first three months of 2014 totalled EUR50.0 million, representing an 18% rise year-on-year (from EUR42.4 million). Correspondingly, net operating income (NOI) climbed 18% to EUR45.6 million, while EBIT rose nearly 19% to EUR44.2 million. "The main factor behind these significant increases is the full consolidation of the Altmarkt-Galerie Dresden. This center will contribute to results over the whole of 2014, whereas in 2013 it was consolidated only from May onwards, when we increased our shareholding to 100%," explains Claus-Matthias Böge, CEO of Deutsche EuroShop. Earnings before taxes and measurement gains/losses increased from EUR27.9 million to EUR30.4 million (+9%). Consolidated profit improved by 12%, from EUR20.1 million to EUR22.6 million, taking earnings per share from EUR0.37 to EUR0.42. FFO (funds from operations) improved by 10%, from EUR0.50 to EUR0.55 per share. Deutsche EuroShop is standing by its recent forecasts for financial year 2014, and expects: - revenue of between EUR198 million and EUR201 million - earnings before interest and taxes (EBIT) of between EUR174 million and EUR177 million - earnings before taxes (EBT) excluding measurement gains/losses of between EUR120 million and EUR123 million - funds from operations (FFO) per share of between EUR2.14 and EUR2.18 The company envisages paying a dividend of EUR1.30 per share for 2014. 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 Deutsche EuroShop will hold a conference call in English as a live webcast at 11 a.m. (CET) on Thursday 15 May 2014 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. Figures for Deutsche EuroShop (IFRS)
                                    01.01.-31.03.    01.01.-31.03.
In EUR million                               2014             2013    + / -

Revenue                                      50.0             42.4      18%
EBIT                                         44.2             37.3      19%
Net finance costs                           -13.8            -10.1     -37%
Valuation gains/losses                       -1.1             -1.4     -25%
EBT                                          29.3             25.8      14%
Consolidated profit                          22.6             20.1      12%
FFO per share (EUR)                          0.55             0.50      10%
EPRA* earnings per share in EUR              0.44             0.40      10%

                                       31.03.2014       31.12.2013    + / -

Equity**                                  1,662.1          1,642.4       1%
Liabilities                               1,712.4          1,752.5      -2%
Total assets                              3,374.5          3,394.9      -1%
Equity ratio (%)**                           49.3             48.4
LTV ratio (%)                                  42               43
Gearing (%)**                                 103              107
Cash and cash equivalents                    59.0             40.8      45%
* European Public Real Estate Association ** incl. third-party interests in equity End of Corporate News --------------------------------------------------------------------- 14.05.2014 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 --------------------------------------------------------------------- 268510 14.05.2014


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 18,980 Kaufen 1.451,29
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
10,43 13,68 0,76 11,18
KBV KCV KUV EV/EBITDA
0,71 10,32 6,82 16,69
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
2,50 1,65 8,69 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
-1,33% -5,48% -15,83% 2,48%
    
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Immobilien (Gewerbe) , 748020 , DEQ , XETR:DEQ