Deutsche Euroshop Newsroom

Ad hoc Disclosure

18.02.2008

Deutsche EuroShop: Expectation of Profits 2007 excelled – More than Euro 93 million Consolidated Profit – Strong Growth in 2008 expected

Deutsche EuroShop is expecting a consolidated profit after minorities of more than Euro 93 million (2006: Euro 100.3 million) for the fiscal year ended 31 December 2007. The forecast is based on preliminary results for 2007, and includes the valuation of the shopping centers. The figures correspond to undiluted earnings per share of Euro 2.71.

 

The revenue amounted to Euro 95.7 million, 3% more than in the prior year. With earnings before interest and taxes (EBIT) of more than Euro 76 million the operating earnings before taxes (EBT) amounted to approx. Euro 37 million, the valuation result to more than Euro 45 million. The average revaluation of all centers was approx. +3.1%. The Net Asset Value (NAV) per share increased from Euro 25.53 by 5.4% to Euro 26.90.

 

For fiscal year 2008, Deutsche EuroShop is forecasting double-digit percental growth rates: revenue Euro 110-113 million (+17%), EBIT Euro 90-92 million (+20%) and EBT Euro 43-45 million (+19%).

 

The final figures for fiscal year 2007 will be published on 18 April 2008 at the company’s annual earnings press conference in Hamburg.

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