DGAP-News: Deutsche EuroShop AG / Key word(s): Final Results/Dividend Deutsche EuroShop: Presentation of the 2017 Annual Report / Eearnings and dividend forecast for 2018 and 2019 27.04.2018 / 08:00 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Deutsche EuroShop: Presentation of the 2017 Annual Report / Eearnings and dividend forecast for 2018 and 2019 Hamburg, 27 April 2018 - Shopping center investor Deutsche EuroShop AG, Hamburg, today presented the audited results for the 2017 financial year and confirmed the preliminary results published at the beginning of March. The annual report published under the motto "Shopping Evolution" is now available for download at www.deutsche-euroshop.com/ir Figures for Deutsche EuroShop (IFRS) in EUR million 2017 2016 +/- Revenue 218.5 205.1 7% NOI 197.0 184.7 7% EBIT 192.4 178.6 8% Net finance costs -35.1 -13.9 -153% Measurement gains / losses 8.6 116.8 -93% EBT (excluding measurement gains/losses) 1 153.3 134.5 14% EBT 165.8 281.5 -41% Consolidated profit 134.3 221.8 -39% FFO per share in EUR 2.54 2.41 5% Earnings per share in EUR 2 2.31 4.11 -44% EPRA Earnings per share in EUR 2 2.42 2.29 6% Equity 3 2,574.9 2,240.7 15% Liabilities 2,052.1 1,873.8 10% Total assets 4,627.0 4,114.5 12% Equity ratio in % 3 55.6 54.5 LTV-ratio in % 32.4 34.2 Cash and cash equivalents 106.6 64.0 66% Net asset value (EPRA) 2,668.4 2,332.6 14% Net asset value per share in EUR (EPRA) 43.19 43.24 0% Dividend per share in EUR 4 1.45 1.40 4% 1 Including the share attributable to equity-accounted joint ventures and associates 2 undiluted 3 incl. third-party interests in equity 4 2017: proposal For explanations regarding the financial figures used, please consult www.deutsche-euroshop.de/des/pages/index/p/210 Forecast for 2018 and 2019 Deutsche EuroShop anticipates revenue of EUR220-224 million for financial year 2018. In the 2019 financial year, revenue should increase to EUR222-226 million. The Company anticipates that earnings before interest and taxes (EBIT) will be EUR193-197 million in 2018 and EUR194-198 million in 2019. Deutsche EuroShop also expects earnings before taxes and valuations (EBT excluding valuations) to be EUR154-157 million in 2018 and EUR158-161 million in 2019. For funds from operations (FFO), EUR2.35-2.39 per share are expected for 2018 and EUR2.40-2.44 per share for 2019. Continuity in the dividend policy as well Based on the results for the financial year 2017, a dividend of EUR1.45 per share, which is 3.6% or EUR0.05 higher than in the previous year, will be proposed to the Annual General Meeting to be held in Hamburg on 28 June 2018. EUR0.53 per share of the dividend will be subject to a capital gains tax deduction. Deutsche EuroShop's Executive Board and Supervisory Board also intend to increase the dividend for financial years 2018 and 2019 by EUR0.05 per share in each of those years. "We are continuing our long-term and predictable dividend policy so that our shareholders can continue to participate in the success of our almost fully let shopping center portfolio," said CEO Wilhelm Wellner. Financial report publication dates in 2018 Deutsche EuroShop will publish its financial reports for the current financial year on the following dates after close of trading: * Q1 Quarterly statement: 15 May 2018 * H1 Interim report: 14 August 2018 * Q3 Quarterly statement: 14 November 2018 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 21 shopping centers in Germany, Austria, Poland, the Czech Republic 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. --------------------------------------------------------------------------- 27.04.2018 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. Archive at 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, DE000A1R0W05 WKN: 748020 Indices: MDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange End of News DGAP News Service --------------------------------------------------------------------------- 680001 27.04.2018