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13.04.2021
Press Release
Deutsche EuroShop: Presentation of the consolidated annual financial report for 2020
HamburgDeutsche EuroShop: Presentation of the consolidated annual financial report for 2020
Hamburg, 13 April 2021 – Shopping center investor Deutsche EuroShop AG, Hamburg, today presented the audited results for the 2020 financial year and confirmed the preliminary results published in March. The consolidated annual financial report is now available for download at www.deutsche-euroshop.com/ir
Figures for Deutsche EuroShop (IFRS)
|
in € million |
|
2020 |
|
2019 |
|
+/- |
|
Revenue |
|
224.1 |
|
231.5 |
|
-3% |
|
EBIT |
|
161.2 |
|
197.5 |
|
-18% |
|
Net finance costs (excluding measurement gains/losses1) |
|
-33.6 |
|
-34.3 |
|
2% |
|
EBT (excluding measurement gains/losses1) |
|
127.6 |
|
163.1 |
|
-22% |
|
Measurement gains/losses1 |
|
-429.6 |
|
-120.0 |
|
-258% |
|
Consolidated profit |
|
-251.7 |
|
112.1 |
|
-325% |
|
FFO per share |
|
2.00 |
|
2.42 |
|
-17% |
|
Earnings per share |
|
-4.07 |
|
1.81 |
|
-325% |
|
EPRA earnings per share |
|
2.02 |
|
2.56 |
|
-21% |
|
Equity2 |
|
2,314.8 |
|
2,601.5 |
|
-11% |
|
Liabilities |
|
1,922.6 |
|
1,957.1 |
|
-2% |
|
Total assets |
|
4,237.4 |
|
4,558.6 |
|
-7% |
|
Equity ratio in %2 |
|
54.6 |
|
57.1 |
|
|
|
LTV ratio in % |
|
32.9 |
|
31.5 |
|
|
|
Cash and cash equivalents |
|
266.0 |
|
148.1 |
|
80% |
|
Net Tangible Assets (EPRA) |
|
2,309.7 |
|
2,613.4 |
|
-12% |
|
Net Tangible Assets je Aktie (EPRA) |
|
37.38 |
|
42.30 |
|
-12% |
|
Dividend per share |
|
0.043 |
|
0.00 |
|
- |
1 Including the share attributable to equity-accounted joint ventures and associates
2 Including third-party interests in equity
3 Proposal
Explanations of the financial ratios used can be found at www.deutsche-euroshop.de/Investor-Relations/Service/Glossary
Financial report publication dates in 2021
Deutsche EuroShop will publish its financial reports for the current financial year on the following dates after close of trading:
- Q1 quarterly statement: 11 May 2021
- H1 financial report: 12 August 2021
- Q3 quarterly statement: 11 November 2021
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 SDAX-listed company currently has investments in 21 shopping centers in Germany, Austria, Poland, the Czech Republic 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.