DGAP-News: Deutsche EuroShop: First half of 2014 solid and

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
DGAP-News: Deutsche EuroShop: First half of 2014 solid and on track

DGAP-News: Deutsche EuroShop AG / Key word(s): Half Year Results/Interim Report Deutsche EuroShop: First half of 2014 solid and on track 12.08.2014 / 18:00 --------------------------------------------------------------------- Deutsche EuroShop: First half of 2014 solid and on track - Revenue: EUR99.7 million (+12%), EBIT: EUR88.3 million (+14%) - EBT: EUR57.4 million (+24%) - Consolidated profit: EUR46.3 million (+23%) - FFO: EUR1.09 per share (+16%) Hamburg, 12 August 2014 - After generating EUR99.7 million in revenue (previous year: EUR88.8 million) and an EBIT of EUR88.3 million (EUR77.2 million) during the first six months of 2014, the shopping center investor Deutsche EuroShop is right on track to fulfilling its forecast for the year as a whole. Claus-Matthias Böge, Executive Board Spokesman of Deutsche EuroShop, explains: "The considerable increases can largely be attributed to the Altmarkt-Galerie Dresden, which we began to fully consolidate in May 2013 after increasing our shareholding to 100 percent." Consolidated profit experienced an increase year-on-year of just around 23% to EUR46.3 million. Correspondingly, earnings per share rose to EUR0.86 and EPRA earnings per share adjusted for valuation effects were 19% higher at EUR0.91. Funds from operations (FFO) improved by 16% from EUR0.94 to EUR1.09 per share. Deutsche EuroShop is standing its forecast and envisages paying a dividend of EUR1.30 per share for financial year 2014. 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 10:30 a.m. (CEST) on Wednesday, 13 August 2014 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) <pre> 01.01.-30.06. 01.01.-30.06. In EUR million 2014 2013 + / - Revenue 99.7 88.8 12% EBIT 88.3 77.2 14% Net finance costs -28.0 -27.7 -1% Valuation gains/losses -2.9 -3.1 -6% EBT 57.4 46.4 24% Consolidated profit 46.3 37.7 23% FFO per share (EUR) 1.09 0.94 16% Earnings per share in EUR (undiluted) 0.86 0.70 23% 30.06.2014 31.12.2013 + / - Equity* 1,613.3 1,642.4 -2% Liabilities 1,771.4 1,752.5 1% Total assets 3,384.7 3,394.9 0% Equity ratio (%)** 47.7 48.4 LTV ratio (%) 43 43 Gearing (%)** 110 107 Cash and cash equivalents 71.8 40.8 76% </pre> * incl. third-party interests in equity --------------------------------------------------------------------- 12.08.2014 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 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@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 --------------------------------------------------------------------- 281963 12.08.2014

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Young Visionaries Win Junior Medals at STARMUS VIII

Updated Category News Views 8

Fresh from the Canary Islands' shores, STARMUS VIII has lifted the veil on two young powerhouses shaping tomorrow—Valeria Corrales and Aneeshwar Kunchala. These two have snagged coveted honors, crowning them as champions of their generation. Igniting Passion for Science and the Environment Valeria Corrales isn't just another face in the crowd; she’s the force behind a...

Continue Reading
AI Revenue Missteps Shake Semiconductor Stocks

Updated Category News Views 7

Nervous Times for Semiconductor Stocks When the semiconductor sector started October like a high-speed train, I thought we might sail through this month without hitting turbulence. But then, in trotted some shaky AI revenue numbers, and bam, the whole sector took a hit off its October highs. The semiconductor stocks, led by giants like Taiwan Semiconductor Manufacturing...

Continue Reading
tm:rw Revolutionizes Retail with Live TikTok Studios

Updated Category News Views 4

tm:rw Takes a Bold Step into Social Commerce Throw out whatever you've thought about traditional brick-and-mortar retail because tm:rw isn't just bending the rules—it's burning the book. Launching nine branded studio spaces at their Times Square flagship, tm:rw is blending live streaming with in-person shopping, all in sync with TikTok Shop. The experience is less about...

Continue Reading
Retail Trading Platforms Report Record Growth in 2026

Updated Category News Views 4

A Boom in Self-Directed Investing Times are changing, folks. More people than ever are taking finance into their own hands, wielding smartphones like fiscal swords in the name of self-directed investment. No middlemen, no fancy office, just straight-up trading from wherever you might be perched. Four major platforms now boast over 41 million funded accounts combined, each...

Continue Reading
Buying Land in Greeneville: Avoiding Costly Mistakes

Updated Category News Views 10

Diving Headfirst into Raw Land Purchases Buying land isn't like your typical house flip in Greeneville, Tennessee. It's a whole different ballgame out there. You might think you're just purchasing a piece of Mother Earth, but you got to know there's more beneath the surface—quite literally—before you sign anything. You can go from a promising adventure to a...

Continue Reading
Haag-Streit Debuts Innovative Octopus 910 Perimeter at AAO

Updated Category News Views 4

Now here's something that'll tickle your ophthalmologist's fancy—Haag-Streit USA has rolled out the Octopus 910, a slick piece of kit set to shake up visual field testing for glaucoma management. This time, they're getting in front of the competition, unveiling it at the Association for Research in Vision and Ophthalmology's 2026 shindig in New Orleans. With this new...

Continue Reading
AI in Music: CITY JAM Focuses on Human Creativity

Updated Category News Views 7

Breaking Down the AI Music Race In the wild world of music production, AI's making waves. Here's the thing though—it's all about how fast and how much it can churn out. Now, won't lie to you, that's impressive, but not the full picture. Pat Villaceran, the brain behind CITY JAM, is adamant that the real gold isn't just speed. It's the unique sound each artist brings to...

Continue Reading
RingConn Smart Ring Gains Key FDA 510(k) Clearance

Updated Category News Views 11

FDA Clearance: A Major Step for RingConn In a space where every tiny gadget-maker is desperately clawing for a regulatory nod, RingConn—a venture born from Shenzhen Ninenovo Technology Limited—has snagged an FDA 510(k) clearance (Clearance No. K260490) for their wearable Smart Ring that measures blood oxygen levels non-invasively. October 10, 2026, marked the day when...

Continue Reading
Arrvel's Thermal Printers: Aiming at E-Com Sellers

Updated Category News Views 12

Arrvel's Thermal Printing Push: An Overview No one would have pegged tiny thermal label printers as game-changers, but here we are. Arrvel's new lineup of thermal printers is shaking up the world for anyone who's ever had to slap on a shipping label or get inventory organized. They're targeting e-commerce folks and small businesses, which sounds like the right move as...

Continue Reading
Zoomlion Boosts Mining Gear Amid Global Revenue Surge

Updated Category News Views 10

An Ambitious Expansion Overhaul Alright, let's talk Zoomlion Heavy Industry Science & Technology Co., Ltd. They're not just making a splash; they're wading knee-deep into expanding their mining machinery operations and taking charge in international markets. You see, in the first half of 2026, this Chinese behemoth saw its mining machinery business skyrocket by over...

Continue Reading

Top 5 Most Recently Viewed Articles

Exciting Discoveries at Target 900 Highlight SRQ Resources Prospects

Updated Category News Views 121

SRQ Resources Expands Exploration Potential at Target 900 SRQ Resources Inc. (“SRQ” or the “Company”) (TSX-V: SRQ) has made exciting strides in its exploration efforts at Target 900 in Québec. The company has intersected a magmatic intrusive complex, uncovering high-priority targets that may hold significant resources of nickel and copper. This recent drilling...

Continue Reading
Innovative Cooling and Power Solutions from Vertiv for AI Platforms

Updated Category News Views 868

Energy-Efficient Solutions for AI Infrastructure Vertiv is at the forefront of developing innovative energy-efficient cooling and power architectures tailored for the demands of modern technologies. Their latest offering focuses on the NVIDIA GB300 NVL72 platform, showcasing advanced strategies that can support power densities of up to 142 kW per rack. This solution is a...

Continue Reading
Analyzing Meta Platforms: A Competitive Landscape Review

Updated Category News Views 320

Understanding Meta Platforms in Today's Market In the dynamic landscape of the Interactive Media & Services industry, it's crucial for investors and analysts to conduct meticulous assessments of leading companies. This article explores Meta Platforms (NASDAQ: META) and its performance metrics against key competitors. With an emphasis on essential financial indicators,...

Continue Reading
Unlocking Insights: Rapid7's Upcoming Earnings Analysis

Updated Category News Views 137

Understanding Rapid7's Earnings Forecast Rapid7 (NASDAQ: RPD) is preparing to unveil its quarterly earnings report soon. Investors are excited, anticipating whether the company will surpass prior performance estimates and offer strong future guidance. Anticipated Earnings Performance According to analyst estimates, Rapid7 is expected to post an earnings per share (EPS) of...

Continue Reading
Exploring DeFi's Transformative Landscape Amid Market Shifts

Updated Category News Views 106

DeFi's Evolution: New Trends and Insights In an ever-changing financial landscape, Bybit, the second-largest cryptocurrency exchange in terms of trading volume, has released a new decentralized finance (DeFi) report. This report highlights the emergence of real-world assets (RWA) and decentralized exchanges (DEXs) as pivotal forces within the DeFi ecosystem. Unlike the...

Continue Reading