Deutsche EuroShop AG Interim Report H1 2015 - The Shopping Center Share

Financial StatementsDeutsche EuroShop 6 Interim Report H1 2015 Profits and losses for equity-accounted companies in the amount of €5,327 thousand are primarily disclosed in € thousand Domestic International Total Segment assets 3,274,339 230,611 3,504,950 (previous year’s figures) (3,262,622) (229,536) (3,492,158) of which investment properties 2,839,260 221,556 3,060,816 (previous year’s figures) (2,838,839) (221,340) (3,060,179) Other disclosures Dividend A dividend of €1.30 per share was distributed for financial year 2014 on 19 June 2015. Responsibility statement by the Executive Board To the best of our knowledge, and in accordance with the applicable report- ing principles for interim financial reporting, the interim consolidated fi- nancial statements give a true and fair view of the assets, liabilities, financial position and profit or loss of the Group, and the interim management report of the Group includes a fair review of the development and performance of the business and the position of the Group, together with a description of the principal opportunities and risks associated with the expected develop- ment of the Group for the remainder of the financial year. Hamburg, 12 August 2015 Wilhelm Wellner Olaf Borkers As the Group’s main decision-making body, the Deutsche EuroShop AG Executive Board first and foremost assesses the performance of the seg- ments based on the EBT before measurement of the individual property companies. The valuation principles for the segment reporting correspond to those of the Group. Intra-Group activities between the segments are eliminated in the recon- ciliation statement. In view of the geographical segmentation, no further information pursu- ant to IFRS 8.33 is given. Breakdown by geographical segment in € thousand Domestic International Reconciliation Total Revenue 93,267 7,377 0 100,644 (previous year’s figures) (92,410) (7,294) (0) (99,704) in € thousand Domestic International Reconciliation Total EBIT 84,198 6,933 -2,963 88,168 (previous year’s figures) (83,952) (6,389) -(2,012) (88,329) in € thousand Domestic International Reconciliation Total Net interest income -24,562 -1,850 -1,817 -28,229 (previous year’s figures) -(25,488) -(1,877) -(1,825) -(29,190) in € thousand Domestic International Reconciliation Total Earnings before tax (EBT) 52,319 3,714 5,484 61,517 (previous year’s figures) (50,248) (3,275) (3,909) (57,432) The Shopping Center Share Following a year-end closing price for 2014 of €36.20, the Deutsche Euro- Shop share started the new year on an upward trend. The year-to-date low was reached early on in 2015, at €36.32 on 6 January 2015, after which the stock headed for new record highs in a highly supportive market environ- ment for real estate shares in particular. The share reached €48.00 on 10 April 2015, its high not only for the period but of all time. In the weeks that followed, the share was relatively volatile. It first headed towards €40.00, but then reversed and by 19 May 2015 was only just short of its earlier peak. After that it ran out of steam somewhat and ended the first half with a closing price of €39.39. Taking into account the dividend of €1.30 per share paid on 19 June 2015, this corresponds to a performance of 12.2%. By way of comparison, the MDAX gained 15.9% in the first half of the year. Deutsche EuroShop’s market capitalisation stood at €2.1 billion on 30 June 2015. 2015 Jan. Feb. Mar. Apr. May Jun. Jul. Aug. 135 130 120 120 115 110 105 100 95 95 100 105 110 115 120 125 130 135 95 100 105 110 115 120 125 130 135 Deutsche EuroShop  MDAX    EPRA    Deutsche EuroShop vs. MDAX and EPRA Comparison, January to August 2015 Indexed, base of 100, in % Segment assets 3,274,339230,6113,504,950 of which investment properties 2,839,260221,5563,060,816 Revenue 93,2677,3770100,644 EBIT 84,1986,933 -2,96388,168 Earnings before tax (EBT) 52,3193,7145,48461,517

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