DES 9M Englisch

Nine-month report 2013 DES Nine-month report 2013 { 5 } Sector / industry group Financial services / Real estate Share capital on 30 September 2013 €53,945,536.00 Number of shares on 30 September 2013 (no-par value registered shares) 53,945,536 Dividend 2012 (21 June 2013) €1.20 Share price on 28 December 2011 €31.64 Share price on 30 September 2013 €32.03 Low / high in the period under review €29.45 / €34.48 Market capitalisation on 30 September 2013 €1.73 billion Prime Standard Frankfurt und 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 of 30 September 2013 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 busi- ness development. We do not believe the Company faces any risks capable of jeopardising its continued existence. The information pro- vided in the risk report of the consolidated financial statements as at 31 December 2012 is therefore still applicable. Key share data Report on Opportunities and Outlook Economic conditions The federal government, the European Commission, the OECD, the IMF, the Experts’ Council, the German Bundesbank and all major financial institutions expect Germany’s gross domestic prod- uct (GDP) to rise by 0.5% in 2013. Positive stimuli are expected to come from private consumer spending, in particular, which will prob- ably continue its positive development in light of the consistently good situation on the job market. Experts anticipate that the number of unemployed could rise slightly by 50,000 to 2,949 million, which would correspond to an unem- ployment rate of 6.9% (2012: 6.8%). According to the opinion of the German Council of Economic Experts, the inflation rate is likely to settle at 1.7% this year after averaging 2.0% in 2012. In light of this, we expect Deutsche EuroShop’s business to once again perform positively and according to plan this year. Expected Results of Operations and Financial Position Forecast to be increased In light of sales and positive earnings before interest and taxes, we stand by the forecasts we made in May for financial year 2013. As a result of income earned through the disposal of our Polish share- holding, however, we are raising our expectations in terms of earn- ings before taxes and measurement gains / losses considerably. We are also slightly increasing our forecast for funds from operations which does not include proceeds from sales. In this respect, we anticipate: ¤¤ revenue of between € 186 million and € 189 million and ¤¤ earnings before interest and taxes (EBIT) of between € 162 million and € 165 million ¤¤ earnings before taxes (EBT) without measurement gains / losses of between € 130 million and € 132 million (previously: € 113 – € 116 million) and ¤¤ funds from operations (FFO) per share of between € 2.06 and € 2.09 (previously: between € 1.99 and € 2.03). Dividend policy We intend to maintain our long-term dividend policy and once again to distribute a dividend of at least € 1.20 per share to our shareholders for financial year 2013.

DES 9M Englisch

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