DGAP-News: Deutsche EuroShop AG / Key word(s): Quarter Results/Interim Report Deutsche EuroShop: Start to the new financial year according to plan 12.05.2015 / 18:05 --------------------------------------------------------------------- Deutsche EuroShop: Start to the new financial year according to plan - Revenue: EUR50.6 million (+1%), EBIT: EUR44.6 million (+1%) - Consolidated profit: EUR25.3 million (+12 %) - EPRA earnings per share: EUR0.48 per share (+9%) - FFO: EUR0.57 per share (+4%) - Forecasts for 2015 confirmed Hamburg, 12 May 2015 - The shopping center investor Deutsche EuroShop has published its interim report for the first quarter of 2015 and confirmed the full-year forecasts issued on 19 March. Revenue in the first three months of 2015 totalled EUR50.6 million, representing a small year-on-year rise of 1% (from EUR50.0 million). Correspondingly, net operating income (NOI) climbed 1% to EUR46.1 million, while EBIT also rose 1% to EUR44.6 million. Earnings before taxes and measurement gains/losses increased from EUR30.4 million to EUR31.8 million (+5%). Consolidated profit improved by 12%, from EUR22.6 million to EUR25.3 million. Claus-Matthias Böge, CEO of Deutsche EuroShop, declared: "The main factors behind the improved consolidated profit were a reduction in interest expense, improved measurement gains and lower taxes." Correspondingly, earnings per share were also 12% higher, climbing from EUR0.42 to EUR0.47. Earnings per share calculated on an EPRA basis rose 9%, from EUR0.44 to EUR0.48. Funds from operations (FFO) improved by 4% from EUR0.55 to EUR0.57 per share. Deutsche EuroShop is standing by its recent forecasts for financial year 2015, and expects: - revenue of between EUR201 million and EUR204 million - earnings before interest and taxes (EBIT) of between EUR177 million and EUR180 million - earnings before taxes (EBT) excluding measurement gains/losses of between EUR126 million and EUR129 million - funds from operations (FFO) per share of between EUR2.24 and EUR2.28 The company envisages paying a dividend of 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 in English as a live webcast at 11 a.m. (CET) on Thursday 13 May 2015 at 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.-31.03.    01.01.-31.03.
In EUR million                              2015             2014    + / -

Revenue                                     50.6               50       1%
EBIT                                        44.6             44.2       1%
Net finance costs                          -12.9            -13.8       7%
Valuation gains/losses                      -0.5             -1.1      57%
EBT                                         31.3             29.3       7%
Consolidated profit                         25.3             22.6      12%
EPRA* Earnings per share in EUR             0.48             0.44       9%
FFO per share (EUR)                         0.57             0.55       4%

                                      31.03.2015       31.12.2014    + / -

Equity**                                 1.774.5          1.751.2       1%
Liabilities                              1.739.8          1.741.0       0%
Total assets                             3.514.2          3.492.2       1%
Equity ratio (%)**                          50.5             50.1
LTV ratio (%)                                 39               40
Gearing (%)**                                 98               99
Cash and cash equivalents                   80.8             58.3      39%

* European Public Real Estate Association ** incl. third-party interests in equity --------------------------------------------------------------------- 12.05.2015 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 --------------------------------------------------------------------- 356793 12.05.2015