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Deutsche EuroShop: Third-quarter results broadly as expected - Seite 2

trend and expectations, the Executive Board is making a slight change to
its forecast for 2016 and predicts the following ranges:

- Revenue: EUR200 to 204 million (previously: EUR203 to 206 million)

- Earnings before interest and taxes (EBIT): EUR175 to 179 million
(EUR179 to 182 million)

- Earnings before taxes (EBT) excluding valuation gains/losses: EUR127 to
130 million (EUR130 to 133 million)

- Funds from operations (FFO) per share: EUR2.26 to EUR2.30 (EUR2.30 and
EUR2.34)

The company still foresees an increase in the dividend of five cents to
EUR1.35 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 for analysts in English at 10
a.m. on Friday 13 November 2015, which will be carried as a live webcast on
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)

                                   01.01.-30.09.     01.01.-30.09.
in EUR m                                    2015              2014      +/-
Revenue                                    151.0             149.7      1 %
EBIT                                       131.0             132.3     -1 %
Financial result                           -37.2             -41.7     11 %
Valuation gains/losses                      -2.8              -4.4     36 %
EBT                                         91.0              86.2      6 %
Consolidated profit                         73.6              69.5      6 %
FFO per share (EUR)                         1.68              1.64      2 %
Earnings per share (undiluted)              1.37              1.29      6 %

                                      30.09.2015        31.12.2014      +/-
Equity*                                  1,759.2           1,751.2      0 %
Liabilities                              1,733.0           1,741.0      0 %
Total assets                             3,492.1           3,492.2      0 %
Equity ratio (%)*                           50.4              50.1
LTV ratio (%)                                 40                40
Gearing (%)*                                  99                99
Cash and cash equivalents                   56.9              58.3     -2 %

* incl. third-party interests in equity



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Language: English
Company: Deutsche EuroShop AG
Heegbarg 36
22391 Hamburg
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.deutsche-euroshop.de
ISIN: DE0007480204
WKN: 748020
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart


End of News DGAP News Service
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412639 12.11.2015