Deutsche EuroShop: Big Investments Define First Half of 2024

• Deutsche EuroShop's first half of 2024 was marked by significant investments in construction projects to enhance shopping center attractiveness.
• Customer footfall increased by 1.0% and tenant sales rose by 1.9% compared to the first half of 2023.
• Consolidated net income surged by 60.5% to €59.5 million, with earnings per share rising from €0.50 to €0.78.
• Despite a 1.9% decline in sales revenue to €132.8 million, EBIT increased by 7.0% to €107.4 million.
• The company proposed a dividend of €2.60 per share for the 2023 financial year, reflecting a significant increase from the previous year.
• Balance sheet ratios remained solid, with an equity ratio of 51.2% and a loan-to-value (LTV) ratio of 35.5% as of June 30, 2024.

The next important date, Semi-Annual Financial Report 2024, at Deutsche Euroshop is on 14.08.2024.

The price of Deutsche Euroshop at the time of the news was 26,25EUR and was up +0,10 % compared with the previous day.

Deutsche Euroshop

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ISIN:DE0007480204WKN:748020

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