DGAP-News: Deutsche EuroShop: successful 2012 financial year and continued growth
ID: 253346
(firmenpresse) - DGAP-News: Deutsche EuroShop AG / Key word(s): Final Results/Dividend
Deutsche EuroShop: successful 2012 financial year and continued growth
26.04.2013 / 14:00
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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
Key figures for Deutsche EuroShop (IFRS)
in EUR millions 2012 2011 +/-* European Public Real Estate Association
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%
** 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 m²of 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:End of Corporate News
Deutsche EuroShop AG Tel. +49-(0)40-413579-20
Investor&Public Relations Fax +49-(0)40-413579-29
Patrick Kiss E-mail: ir(at)deutsche-euroshop.com
Heegbarg 36 http://www.deutsche-euroshop.com
22391 Hamburg ISIN: DE 000 748020 4
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26.04.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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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: ir(at)deutsche-euroshop.de
Internet: www.deutsche-euroshop.de
ISIN: DE0007480204
WKN: 748020
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart
End of News DGAP News-Service
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Datum: 26.04.2013 - 14:00 Uhr
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