Ad-hoc disclosure
Deutsche EuroShop: valuation gain expected to be EUR145 million
eutsche EuroShop AG / Key word(s): Miscellaneous/Real Estate
17-Jan-2017 / 18:03 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by
DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Deutsche EuroShop: valuation gain expected to be EUR145 million
Deutsche EuroShop AG is forecasting a pre-tax contribution to earnings of
approximately EUR145 million (previous year: EUR267.8) from the valuation
of investment properties for 2016 from unrealised and non-cash changes in
market values. Of this amount, approximately EUR117 million (previous year:
EUR220.6 million) came from the results of the Group companies and
approximately EUR28 million (previous year: EUR47.2 million) from the
valuation gain of companies shown in the financial result, which are
accounted for using the equity method.
The positive result is primarily due to the shopping center investment
class, which remains attractive and helped to further increase prices in
2016.
The valuation gain of investment properties is still subject to change, as
additional items relative to the valuation may come to light during the
preparation of the annual financial statements.
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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@deutsche-euroshop.de
Internet: www.deutsche-euroshop.de
ISIN: DE0007480204, DE000A1R0W05
WKN: 748020
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange
End of Announcement DGAP News Service