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ePaper created 2016-05-12, 15:49:36 | version 1.47.00
The Shopping Center Share Following a year-end closing price for 2015 of €40.46, Deutsche EuroShop shares started the new year lower in a somewhat weak mar- ket environment. On 11 February 2016 the share price reached €35.86, its low for the first three months of the year. It then moved up to €41.46 on 17 March 2016, its high for the period, and was only slightly below this at €41.28 at the end of the reporting period, which is equivalent to a performance of +2.0%. The MDAX fell by 1.8% over the same period. Deutsche EuroShop’s market capitalisation stood at €2.2 billion at the end of the first quarter of 2016. 95 100 105 95 100 105 110 115 120 125 130 135 105 100 95 90 85 Deutsche EuroShop vs. MDAX and EPRA Comparison, January to May 2016 indexed, base of 100, in % Jan. Feb. Mar. Apr. May Deutsche EuroShop MDAX EPRA Key share data Sector / industry group Financial Services / Real Estate Share capital as at 31.12.2015 €53,945,536.00 Number of shares as at 31.03.2016 (no-par-value registered shares) 53,945,536 Dividend for 2015 (proposed) €1.35 Share price on 30.12.2015 €40.46 Share price on 31.03.2016 €41.28 Low / high for the period under review €35,84 / €41,46 Market capitalisation on 31.03.2016 €2.23 billion Prime Standard Frankfurt und Xetra OTC markets Berlin-Bremen, Düsseldorf, Hamburg, Hannover, München und 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 DEQ, Reuters: DEQGn.DE Breakdown by geograhical segment in € thousand Domestic International Reconciliation Total Revenue 47,059 3,678 0 50,737 (previous year’s figures) (46,687) (3,916) (0) (50,603) in € thousand Domestic International Reconciliation Total EBIT 42,190 3,328 -933 44,585 (previous year’s figures) (42,252) (3,851) (-1,461) (44,642) in € thousand Domestic International Reconciliation Total Net interest income -11,882 -950 -899 -13,731 (previous year’s figures) (-12,524) (-964) (-899) (-14,387) in € thousand Domestic International Reconciliation Total Earnings before tax (EBT) 26,323 1,760 2,894 30,977 (previous year’s figures) (26,625) (2,130) (2,572) (31,327) The reconciliation statement primarily discloses profits and losses for equity-accounted companies in the amount of €5,473 thousand, of which €3,950 thousand are domestic and €1,523 thousand international. in € thousand International Reconciliation Total Segment assets 3,617,578 255,691 3,873,269 (previous year’s figures) (3,620,695) (230,919) (3,851,614) of which investment properties 3,112,166 244,678 3,356,844 (previous year’s figures) (3,134,987) (221,668) (3,356,655) Segment reporting As a holding company, Deutsche EuroShop AG holds equity interests in shopping centers in the European Union. The holding companies are pure real-estate shelf companies without staff of their own. The op- erational management is contracted out to external service providers under agency agreements, with the result that the companies’ activi- ties are exclusively restricted to asset management. Due to the Company’s uniform business activities within a rela- tively homogeneous region (the European Union), and in accordance with IFRS 8.12, separate segment reporting is presented in the form of a breakdown by domestic and international results. The Executive Board of Deutsche EuroShop AG, as the main decision-maker of the group, assesses primarily the performance of the segments based on the EBT before measurement of the individual property companies. The valuation principles for the segment report- ing correspond to those of the Group. Intra-Group activities between the segments are summarised in the reconciliation. In view of the geographical segmentation, no further information pursuant to IFRS 8.33 is given. Hamburg, 12. May 2016 Wilhelm Wellner Olaf Borkers 6 Deutsche EuroShop AG Quarterly Statement 3M 2016 3M ISIN DE 0007480204 Revenue 47,0593,678050,737 EBIT 42,1903,328 -93344,585 Earnings before tax (EBT) 26,3231,7602,89430,977 Segment assets 3,617,578255,6913,873,269 of which investment properties 3,112,166244,6783,356,844