Deutsche Euroshop Newsroom

Corporate News

12.05.2015

Deutsche EuroShop: Start to the new financial year according to plan

  • Revenue: €50.6 million (+1%), EBIT: €44.6 million (+1%)
  • Consolidated profit: €25.3 million (+12 %)
  • EPRA earnings per share: €0.48 per share (+9%)
  • FFO: €0.57 per share (+4%)
  • Forecasts for 2015 confirmed


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 €50.6 million, representing a small year-on-year rise of 1% (from €50.0 million). Correspondingly, net operating income (NOI) climbed 1% to €46.1 million, while EBIT also rose 1% to €44.6 million.

 

Earnings before taxes and measurement gains/losses increased from €30.4 million to €31.8 million (+5%). Consolidated profit improved by 12%, from €22.6 million to €25.3 million. Claus-Matthias Bφge, 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 €0.42 to €0.47. Earnings per share calculated on an EPRA basis rose 9%, from €0.44 to €0.48. Funds from operations (FFO) improved by 4% from €0.55 to €0.57 per share.

 

Deutsche EuroShop is standing by its recent forecasts for financial year 2015, and expects:

 

- revenue of between €201 million and €204 million

- earnings before interest and taxes (EBIT) of between €177 million and €180 million

- earnings before taxes (EBT) excluding measurement gains/losses of between €126 million and €129 million

- funds from operations (FFO) per share of between €2.24 and €2.28


The company envisages paying a dividend of €1.35 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 Wednesday 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)

In € million

01.01.-31.03.
2015

01.01.-31.03.
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 €

0.48

0.44

9%

FFO per share (€)

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

 

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