21.09.2020 Deutsche EuroShop AG  DE0007480204

Deutsche EuroShop: September 2020 update on the coronavirus pandemic


 


DGAP-Media / 21.09.2020 / 07:00

Deutsche EuroShop: September 2020 update on the coronavirus pandemic

Hamburg, 21 September 2020 - Deutsche EuroShop has been providing information on current developments and selected key figures from the 21 shopping centers in its portfolio since the start of the coronavirus pandemic. As at 18 September 2020, the situation is as follows:

Opening status of shops in individual countries:

Germany:  Austria:  Poland:  Czech Republic:  Hungary: 
97.5% 97.2% 97.4% 96.2% 95.7%

Visitor numbers compared with the previous year:

March:  April:  May:  June:  July:  August: 
55% 28% 61% 71% 78% 80%

Retail sales in German centers compared with the previous year:

March:  April:  May:  June:  July:  August: 
52% 31% 67% 82% 88% 90%

Trend in the collection ratio:

March:  April:  May:  June:  July:  August: 
95% 45% 49% 60% 87% 89%

Percentage of tenants in insolvency/protection proceedings: 7.3% of tenants. The companies affected are seeking to restructure their business activities, and Deutsche EuroShop currently expects that a large proportion of the shops will be able to continue operating.

Thanks to its low level of debt ("look-through" LTV as at 30 June 2020: 34.8%) and its existing liquidity (30 June 2020: €179 million), Deutsche EuroShop has solid financial room for manoeuvre in this exceptional situation as well as an unused credit line of €150 million. At the end of March this year, a €70 million credit agreement was signed to refinance loan obligations due at the end of 2020. Last week, refinancing for a loan expiring at the end of June 2021 was also agreed: €70.3 million, ten-year term, without redemption, interest rate 1.18%.

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 SDAX-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.



End of Media Release


Issuer: Deutsche EuroShop AG
Key word(s): Real estate

21.09.2020 Dissemination of a Press Release, 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.
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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: [email protected]
Internet: www.deutsche-euroshop.de
ISIN: DE0007480204
WKN: 748020
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1133915

 
End of News DGAP Media

1133915  21.09.2020 

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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