12.11.2015 Deutsche EuroShop AG  DE0007480204

DGAP-News: Deutsche EuroShop: Third-quarter results broadly as expected


 
DGAP-News: Deutsche EuroShop AG / Key word(s): 9-month figures/Interim Report Deutsche EuroShop: Third-quarter results broadly as expected 12.11.2015 / 18:00 --------------------------------------------------------------------- Deutsche EuroShop: Third-quarter results broadly as expected - Revenue: EUR151.0 million, EBIT: EUR131.0 million - EBT before measurement: EUR93.9 million (+3.3%) - Earnings per share: EUR1.37 (+6.2%) - FFO: EUR1.68 per share (+2.4%) - Update for 2015 estimate and small adjustment to 2016 forecast Hamburg, 12 November 2015 - Business operations for the first nine months were in line with management expectations at Deutsche EuroShop. The shopping center investor recorded net operating income of EUR135.9 million (unchanged) and a 0.9% decrease in EBIT (EUR131.0 million) - primarily because of one-off costs - on revenues of EUR151.0 million (+0.9% year on year). A EUR4.5 million improvement in the financial result meant that earnings before taxes and measurement (EBT before measurement) rose from EUR90.0 million to EUR93.9 million (+3.3%). "The EUR2 million reduction in interest expense had a significant positive effect on net finance costs. In addition, a valuation effect from interest rate hedging contributed to the increase in earnings," said Wilhelm Wellner, CEO. Consolidated profit increased by 5.9% year on year to EUR73.6 million. Earnings per share rose to EUR1.37, while EPRA earnings per share were 3.7% higher at EUR1.41. Funds from operations (FFO) improved by 2.4%, from EUR1.64 to EUR1.68 per share. Our forecast for financial year 2015 was originally based, among other things, on an expectation that inflation would average 1.0%. The actual annual inflation rate for 2015 to date (January to September) is only 0.3%. Nonetheless, the Executive Board maintains its forecast, with the exception of operating profit before interest and taxes (EBIT), and expects a result at the lower end of its target range. Because of one-off factors affecting other operating expenses and slightly higher property costs, we anticipate an EBIT result that is somewhat below the previous range: - Revenue: EUR201 to 204 million - Earnings before interest and taxes (EBIT): EUR175 to 178 million (previously: EUR177 to 180 million) - Earnings before taxes (EBT) excluding valuation gains/losses: EUR126 to 129 million - Funds from operations (FFO) per share: EUR2.24 to EUR2.28 Based on the forecast for the current financial year and in particular against the backdrop of changes to the baseline data for the inflation trend and expectations, the Executive Board is making a slight change to its forecast for 2016 and predicts the following ranges: - Revenue: EUR200 to 204 million (previously: EUR203 to 206 million) - Earnings before interest and taxes (EBIT): EUR175 to 179 million (EUR179 to 182 million) - Earnings before taxes (EBT) excluding valuation gains/losses: EUR127 to 130 million (EUR130 to 133 million) - Funds from operations (FFO) per share: EUR2.26 to EUR2.30 (EUR2.30 and EUR2.34) The company still foresees an increase in the dividend of five cents to EUR1.35 per share for 2015. 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 for analysts in English at 10 a.m. on Friday 13 November 2015, which will be carried as a live webcast on 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.-30.09.     01.01.-30.09.
in EUR m                                    2015              2014      +/-
Revenue                                    151.0             149.7      1 %
EBIT                                       131.0             132.3     -1 %
Financial result                           -37.2             -41.7     11 %
Valuation gains/losses                      -2.8              -4.4     36 %
EBT                                         91.0              86.2      6 %
Consolidated profit                         73.6              69.5      6 %
FFO per share (EUR)                         1.68              1.64      2 %
Earnings per share (undiluted)              1.37              1.29      6 %

                                      30.09.2015        31.12.2014      +/-
Equity*                                  1,759.2           1,751.2      0 %
Liabilities                              1,733.0           1,741.0      0 %
Total assets                             3,492.1           3,492.2      0 %
Equity ratio (%)*                           50.4              50.1
LTV ratio (%)                                 40                40
Gearing (%)*                                  99                99
Cash and cash equivalents                   56.9              58.3     -2 %
* incl. third-party interests in equity --------------------------------------------------------------------- 12.11.2015 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP 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: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart End of News DGAP News Service --------------------------------------------------------------------- 412639 12.11.2015


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