DGAP-Adhoc: Deutsche EuroShop: valuation result expected to be EUR-61 million

2019. január 16., szerda, 18:53





DGAP-Ad-hoc: Deutsche EuroShop AG / Key word(s): Real Estate/Miscellaneous


Deutsche EuroShop: valuation result expected to be EUR-61 million


16-Jan-2019 / 18:53 CET/CEST


Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.


The issuer is solely responsible for the content of this announcement.




Deutsche EuroShop: valuation result expected to be EUR-61 million


Deutsche EuroShop AG is anticipates for 2018 a negative pre-tax valuation result of approximately EUR-61 million (previous year: EUR13.1) from unrealised and non-cash changes in the market values of the investment properties and costs in connection with capital expenditures in relation to the center portfolio. Of this amount, approximately EUR-57.0 million (previous year: EUR8.7 million) came from the results of the Group companies and approximately EUR-4.0 million (previous year: EUR4.4 million) from the valuation result of companies shown in the financial result, which are accounted for using the equity method.



At an continously high occupancy ratio of approx. 99% the valuation result for the property portfolio was mainly influenced by on average slightly rising yields for shoppingcenters in Germany and by higher investments into the modernisation and positioning of the portfolio as well as by adjusted expectations for the rent developement.



The valuation result for the real estate properties is still subject to change, as additional items relative to the valuation may come to light during the preparation of the annual financial statements.



The publication of Deutsche EuroShop AG"s preliminary results for the financial year 2018 is planned for 27 February 2019.



Person making the notification: Patrick Kiss, Head of Investor & Public Relations











16-Jan-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



























Language: English
Company: Deutsche EuroShop AG

Heegbarg 36

22391 Hamburg

Germany
Phone: +49 (0)40 413 579-0
Fax: +49 (0)40 413 579-29
E-mail: ir@deutsche-euroshop.de
Internet: www.deutsche-euroshop.de
ISIN: DE0007480204, DE000A1R0W05
WKN: 748020
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange





 
End of Announcement DGAP News Service




766881  16-Jan-2019 CET/CEST







fncls.ssp?fn=show_t_gif&application_id=766881&application_name=news&site_id=geo_holding_tug
Tilos a hír bármilyen adatbázisba történő mentése vagy annak továbbítása harmadik fél számára;kereskedelmi viszonylatban vagy kereskedelmi céllal csak a Deutsche Gesellschaft für Ad-hoc-Publizität mbh írásos engedélyével történhet.