Deutsche Euroshop Newsroom

Corporate News

26.04.2013

Deutsche EuroShop: successful 2012 financial year and continued growth

  • Final results for 2012 financial year released
  • Dividend proposal: Increase to €1.20 per share
  • Acquisition of remaining shares (33%) in Altmarkt-Galerie Dresden


 Shopping center investor Deutsche EuroShop AG, Hamburg, released its 2012 financial report today. Prepared under the motto "Hamburg3", the annual report is now available for download at www.deutsche-euroshop.com/ir

 

Key figures for Deutsche EuroShop (IFRS)

in € millions

2012

2011

+/-

Revenue

211.2

190.0

+11%

EBIT

181.0

165.7

+9%

Net finance costs

-86.0

-79.1

-9%

Measurement gains/losses

8.5

50.1

-83%

EBT

103.5

136.7

-24%

Consolidated profit

122.5

99.0

+24%

FFO per share in €

1.66

1.61

+3%

EPRA* earnings per share in €

1.35

1.19

+13%

Equity**

1,606.1

1,473.1

+9%

Liabilities

1,942.8

1,752.0

+11%

Total assets

3,548.9

3,225.1

+10%

Equity ratio (%)**

45.3

45.7


LTV ratio (%)

44

45


Gearing (%)**

121

119


Cash and cash equivalents

167.5

64.4

+160%

Net asset value (EPRA*)

1,538.9

1,427.3

+8%

Net asset value per share in EUR (EPRA*)

28.53

27.64

+3%

Number of shares at year-end

53,945,536

51,631,400

+4%

Weighted average number of shares

51,934,893

51,631,400

+1%

Dividend per share in €

1.20***

1.10

+9%


* European Public Real Estate Association  
** incl. third-party interests in equity
*** proposal to the AGM

Dividend increase

Based on these results, a proposal will be submitted to the Annual General Meeting on 20 June 2013 in Hamburg for the distribution of a dividend in the amount of €1.20, which represents an increase of €0.10 or 9% over the previous year. For the first time, an amount of €0.31 per share of the dividend will be subject to the deduction of capital gains tax.

 

Altmarkt-Galerie Dresden: 100%

As of 1 May 2013, Deutsche EuroShop will acquire a stake of 33% in the Altmarkt-Galerie in Dresden from TLG Immobilien and thus gain sole ownership of the shopping center. The investment volume is €132 million, while the net initial yield is at about 5.4%.

"The Altmarkt-Galerie is one of our flagship centers and we have been pleased with it from the very beginning," said Claus-Matthias Böge, Executive Board Spokesman for Deutsche EuroShop. "Boasting more than 200 shops on some 44,000 m² of retail space, the Altmarkt-Galerie provides jobs for around 2,000 people and draws in excess of 16 million visitors a year."

 

Financial report publication dates in 2013

Deutsche EuroShop will publish its financial reports for the current financial year after the close of trading on the following dates:

  • Interim report Q1: 15 May 2013
  • Half-year financial report: 14 August 2013
  • Nine-month report: 13 November 2013
The Annual General Meeting will be held in Hamburg on 20 June 2013.


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 20 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, among many others.

back to list

Image Archive

Video Archive


                       subscribe to RSS-Feed

Multimedia

show all

our Videos on


videothumbnail
Deutsche EuroShop H1 2017 Interim Report Conference Call Slide Presentation
0:36:01
videothumbnail
Deutsche EuroShop EPK (Electronic Press Kit)
0:08:46

 

Google+ Add this