DES Nine-Month Report 2012

/ / / 5 DES Nine-month report 2012 Key share data Sector / industry group Financial services / Real estate Share capital on 30.09.2012 € 51,631,400.00 Number of shares on 30.09.2012 (no-par value registered shares) 51,631,400 Dividend 2011 (22.06.2012) € 1.10 Share price 30.12.2011 € 24.80 Share price 28.09.2012 € 29.00 Low/high in the period under review € 23,72 / € 31,11 Market capitalisation on 30.09.2012 € 1,5 billion Prime Standard Frankfurt and Xetra OTC trading Berlin-Bremen, Dusseldorf, Hamburg, Hanover, Munich and Stuttgart Indices MDAX, EPRA, GPR 250, EPIX 30, MSCI Small Cap, EURO STOXX, STOXX Europe 600, HASPAX, F.A.Z.-Index ISIN DE 000748 020 4 Ticker symbol DEQ, Reuters: DEQGn.DE Report on Events after the Balance Sheet Date No further significant events occurred between the balance sheet date and the date of preparation of the financial statements. Risk Report There have been no significant changes since the beginning of the financial year with regard to the risks associated with future business development. We do not believe the Company faces any risks capable of jeopardising its continued existence. The information provided in the risk report of the consolidated financial statements as at 31 December 2011 is therefore still applicable. Report on Opportunities and Outlook Economic conditions The German Bundesbank estimates that the German economy could stagnate or even weaken slightly in the four quarter, following the consid- erable growth experienced in the preceding quarters. The earlier growth was bolstered by consumer spending and net exports. The labour market is currently buoyant thanks to stable domestic demand. However, there are signs that the deepening recession in some European member states will now also start to affect the German economy, which could find itself in stormy waters towards the end of the year. The recently published data on industrial new orders have already indicated the same. Following the US presidential elections, the impending government spending cuts (fiscal cliff) and the associated sharp tax increases in the USA could put the new government and the global economy to the test early next year. Inflation is likely to remain at around the 2% mark this year. After briefly dipping below 2% in the summer months, it returned to 2% in October. This is largely attributable to higher oil and petrol prices, which are again approaching their historic peaks. Due to our good operational position, we expect Deutsche EuroShop’s business to perform positively and according to plan this year. Expected Results of Operations and Financial Position Forecast confirmed We stand by our forecasts for financial year 2012, as published in May, and expect: • revenue of between € 207 million and € 211 million • earnings before interest and taxes (EBIT) of between € 177 million and € 181 million • earnings before tax (EBT) excluding measurement gains/losses of between € 94 million and € 97 million and • funds from operations (FFO) per share of between € 1.70 and € 1.74. Dividend policy We intend to maintain our long-term dividend policy geared towards continuity. A slight increase in dividends (previously € 1.10 per share) is likely for the 2012 financial year.

DES Nine-Month Report 2012

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