Deutsche EuroShop: successful 2012 financial year and continued growth
 

- Final results for 2012 financial year released

- Dividend proposal: Increase to EUR1.20 per share

- Acquisition of remaining shares (33%) in Altmarkt-Galerie Dresden
 

Hamburg, 26 April 2013 - 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

Figures for Deutsche EuroShop (IFRS)

in EUR 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 EUR	1.66	1.61	+3%
EPRA* earnings per share in EUR	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 EUR	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 EUR1.20, which represents an increase of EUR0.10 or 9% over the previous year. For the first time, an amount of EUR0.31 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 EUR132 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.
 

Contact: Deutsche EuroShop AG Investor & Public Relations Patrick Kiss Heegbarg 36 22391 Hamburg

Tel. +49-(0)40-413579-20 Fax +49-(0)40-413579-29 E-mail: ir@deutsche-euroshop.com http://www.deutsche-euroshop.com ISIN: DE 000 748020 4