12.05.2016 Deutsche EuroShop AG  DE0007480204

DGAP-News: Deutsche EuroShop: First quarter on track, forecast confirmed


 
DGAP-News: Deutsche EuroShop AG / Key word(s): Quarterly / Interim Statement/Quarter Results Deutsche EuroShop: First quarter on track, forecast confirmed 12.05.2016 / 18:35 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Deutsche EuroShop: First quarter on track, forecast confirmed - Revenue: EUR50.7 million (+0.3%), EBIT: EUR44.6 million (-0.1%) - Consolidated profit: EUR24.9 million (-1.8%) - EPRA earnings per share: EUR0.49 per share (+2%) - FFO: EUR0.58 per share (+2%) Hamburg, 12 May 2016 - The shopping centre investor Deutsche EuroShop has published its interim report for the quarter ending 31 March 2016 and confirmed the full-year forecasts issued on 23 March 2016. Revenue in the first three months of 2016 totalled EUR50.7 million, representing a small year-on-year rise of 0.3% (from EUR50.6 million). Net operating income (NOI) fell slightly by 0.3% to EUR46.0 million, while EBIT climbed 0.1% to EUR44.6 million. Earnings before taxes and measurement gains/losses, however, increased from EUR31.8 million to EUR32.7 million (+3%). Consolidated profit fell by 2%, from EUR25.3 million to EUR24.9 million. Correspondingly, earnings per share were also 2% lower, dropping from EUR0.47 to EUR0.46. "The slightly lower profit is attributable to investment costs being higher than they were last year," explains Wilhelm Wellner, Deutsche EuroShop's CEO. "The fact that everything, operationally speaking, is going according to plan is reflected in the positive EPRA Earnings and FFO figures which exclude valuation effects." Earnings per share calculated according to EPRA (EPRA Earnings) rose by 2% from EUR0.48 to EUR0.49. The figure for funds from operations (FFO) improved by 2% from EUR0.57 to EUR0.58 per share. Deutsche EuroShop is standing by its recent forecasts for financial year 2016, and expects: - revenue of between EUR200 million and EUR204 million - earnings before interest and taxes (EBIT) of between EUR175 million and EUR179 million - earnings before taxes (EBT) excluding measurement gains/losses of between EUR127 million and EUR130 million - funds from operations (FFO) per share of between EUR2.26 and EUR2.30. The company envisages paying a dividend of EUR1.40 per share for 2016. 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 Internet broadcast of the teleconference Deutsche EuroShop will hold a conference call in English at 10 a.m. CET on Friday 13 May 2016, which will be carried 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 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)

in EUR m               01.01.-31.03.2016  01.01.-31.03.2015          + / -

Revenue                             50.7               50.6            0 %
EBIT                                44.6               44.6            0 %
Financial result                   -12.3              -12.9           -5 %
Valuation gains/                    -1.4               -0.5         -201 %
losses
EBT                                 31.0               31.3           -1 %
Consolidated profit                 24.9               25.3           -2 %
EPRA* Earnings per                  0.49               0.48            2 %
share (EUR)
FFO per share (EUR)                 0.58               0.57            2 %

                              31.03.2016         31.12.2015          + / -

Equity**                         2,082.5            2,061.0            1 %
Liabilities                      1,790.7            1,790.6            0 %
Total assets                     3,873.3            3,851.6            1 %
Equity ratio (%)**                  53.8               53.5
LTV ratio (%)                       34.7               35.5
Gearing (%)**                       86.0               86.9
Cash and cash                       97.9               70.7           39 %
equivalents
* European Public Real Estate Association ** incl. third-party interests in equity --------------------------------------------------------------------------- 12.05.2016 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; Terminbörse EUREX End of News DGAP News Service --------------------------------------------------------------------------- 463393 12.05.2016


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 19,040 Kaufen 1.455,88
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
10,46 13,68 0,76 11,18
KBV KCV KUV EV/EBITDA
0,71 10,35 6,84 16,72
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
2,50 1,65 8,67 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
-1,23% -5,23% -15,57% 4,67%
    
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Immobilien (Gewerbe) , 748020 , DEQ , XETR:DEQ