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. --------------------------------------------------------------------------- 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 --------------------------------------------------------------------------- 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 --------------------------------------------------------------------------- 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 --------------------------------------------------------------------------- 686227 15.05.2018


INVESTOR-INFORMATIONEN
©boersengefluester.de
Deutsche EuroShop
WKN Kurs in € Einschätzung Börsenwert in Mio. €
748020 30,260 Kaufen 1.869,57
KGV 2019e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
15,52 13,51 1,149 12,00
KBV KCV KUV EV/EBITDA
0,87 11,98 8,56 18,954
Dividende '17e in € Dividende '18e in € Div.-Rendite '17
in %
Hauptversammlung
1,45 1,50 4,79 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
-1,85% -2,82% -10,88% -13,70%
       

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