15.05.2018 Deutsche EuroShop AG  DE0007480204

DGAP-News: Deutsche EuroShop: New financial year starts as planned


 
DGAP-News: Deutsche EuroShop AG / Key word(s): Quarterly / Interim
Statement/Quarter Results
Deutsche EuroShop: New financial year starts as planned

15.05.2018 / 18:00
The issuer is solely responsible for the content of this announcement.

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Deutsche EuroShop: New financial year starts as planned

* Revenue: EUR56.0 million (+10.5%)

* EBIT: EUR49.0 million (+10.7%)

* Consolidated profit: EUR30.4 million (+10.4%)

* EPRA earnings per share: EUR0.60 per share (±0%)

* FFO: EUR37.8 million (+9.7 %)


Hamburg, 15 May 2018 - Deutsche EuroShop today published its quarterly
statement for the quarter ending 31 March 2018. The shopping center
investor's revenue in the first three months of 2018 totalled EUR56.0
million, representing a sharp year-on-year rise of 10.5% (from EUR50.7
million). Net operating income climbed 9.3% to EUR50.1 million, and EBIT
rose 10.7% to EUR49.0 million.

Earnings before taxes and excluding measurement gains/losses increased from
EUR35.3 million to EUR39.5 million (+12%) and consolidated profit was up
10.4% from EUR27.5 million to EUR30.4 million. Earnings per share dropped
from EUR0.50 to EUR0.49 due to the increase in the number of shares from
55.1 million to 61.8 million, while the EPRA earnings per share remained
unchanged at EUR0.60. Funds from operations (FFO) also rose sharply by 9.7%
to EUR37.8 million, with FFO per share declining slightly from EUR0.62 to
EUR0.61.

"With the portfolio's performance remaining stable, much of the growth is
attributable to the Olympia Center in Brno/Czech Republic, which wasn't in
the portfolio at this time last year," explains Wilhelm Wellner, Deutsche
EuroShop's CEO. "A whole year on from its acquisition, the Olympia Center is
proving a winner and highly attractive to shoppers and tenants, with tenant
sales and customer traffic constantly on the rise."

Deutsche EuroShop is standing by its guidance for financial year 2018, and
expects:

* revenue of between EUR220 million and EUR224 million

* earnings before interest and taxes (EBIT) of between EUR193 million and
EUR197 million

* earnings before taxes (EBT) excluding measurement gains/losses of
between EUR154 million and EUR157 million

* funds from operations (FFO) per share of between EUR2.35 and EUR2.39

The company forecasts a dividend of EUR1.50 per share for 2018.

Full quarterly statement

The full quarterly statement is available as a PDF document and in ePaper
format. It can be downloaded from www.deutsche-euroshop.com/ir


Webcast of the teleconference

Deutsche EuroShop will hold a conference call for analysts in English at
10:00 a.m. (CET) on Wednesday, 16 May 2018, which will be carried out 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 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.

Figures for Deutsche EuroShop (IFRS)

in EUR million 01.01.-31.- 01.01.-31.- +-
03.2018 03.2017 /-
-
Revenue 56.0 50.7 1-
0-
.-
5-
%
Net operating income (NOI) 50.1 45.8 9-
.-
3-
%
EBIT 49.0 44.3 1-
0-
.-
7-
%
EBT (excluding measurement gains/losses) 39.5 35.3 1-
2-
.-
0-
%
Consolidated profit 30.4 27.5 1-
0-
.-
4-
%
EPRA earnings per share in EUR 0.60 0.60 0-
.-
0-
%
FFO per share in EUR 0.61 0.62 --
1-
.-
6-
%
Earnings per share in EUR 0.49 0.50 --
2-
.-
0-
%

in EUR million 31.03.2018 31.12.2017 +-
/-
-
Equity 2,607.8 2,574.9 1-
.-
3-
%
Net financial liabilities 2,051.1 2,052.1 --
0-
.-
1-
%
Total assets 4,658.9 4,627.0 0-
.-
7-
%
Equity ratio (%) 56.0 55.6
Loan to value ratio (%) 31.5 32.4
Cash and cash equivalents 139.9 106.6 3-
1-
.-
3-
%

For explanations regarding the financial
figures used, please consult
[1]www.deutsche-euroshop.de/des/pages/index/p
/210 1.
http://www.deutsche-euroshop.de/des/pages/ind
ex/p/210


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15.05.2018 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

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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: ir@deutsche-euroshop.de
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
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686227 15.05.2018



INVESTOR-INFORMATIONEN
©boersengefluester.de
Deutsche EuroShop
WKN Kurs in € Einschätzung Börsenwert in Mio. €
748020 31,120 Kaufen 1.922,71
KGV 2019e KGV 10Y-Ø KBV KCV
15,96 13,57 0,90 12,32
Dividende '17e in € Dividende '18e in € Div.-Rendite '17
in %
Hauptversammlung
1,45 1,50 4,66 28.06.2018
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
15.05.2018 14.08.2018 14.11.2018 27.04.2018
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
4,35% -1,56% -8,35% -15,45%
       

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