Deutsche Euroshop Reports A Good Start To The Year And Confirms Its Forecast

2026-05-12 01:00:47

(MENAFN- EQS Group)

Deutsche EuroShop AG / Key word(s): Quarterly / Interim Statement/Quarter Results
Deutsche EuroShop reports a good start to the year and confirms its forecast
12.05.2026 / 18:00 CET/CEST
The issuer is solely responsible for the content of this announcement.
Deutsche EuroShop reports a good start to the year and confirms its forecast

Operating performance in line with expectations
Revenue up slightly (+2.0%)
Higher interest expenses weigh on earnings performance
Full-year forecast confirmed
Dividend proposal: €1.00 per share
Conversion to a Societas Europaea (SE) planned

Hamburg, 12 May 2026 - Shopping center investor Deutsche EuroShop (DES) has made a good start to the 2026 financial year.“Our operating metrics developed as planned in the first quarter, even though the economic environment continued to be characterised by subdued consumer sentiment and geopolitical uncertainties,” explains Hans-Peter Kneip, CEO of Deutsche EuroShop.“Visitor numbers at our shopping centers were 0.5% below the previous year's figure during the reporting period. In particular, the relatively harsh winter weeks this year had an adverse impact on footfall. At the same time, the first quarter benefited from the fact that the bulk of the Easter business fell within the reporting period. Our tenants' turnover rose by 0.7% compared with the same quarter last year.” The DES Group's turnover increased by 2.0% to €67.6 million, driven in particular by higher contractual rents and severance payments from tenants. Operating center expenses were higher than in the previous year due to an increase in non-recoverable costs. At the same time, the need for impairment provisions on rent receivables decreased. Accordingly, net operating income (NOI) rose by 0.3% to €53.3 million and EBIT by 0.2% to €53.5 million. EBT excluding valuation gains fell by 10.1% to €35.7 million, primarily due to a €4.8 million increase in interest expense related to the bond issued in 2025. Consolidated profit fell by 10.7% to €28.4 million. The operating metrics EPRA Earnings and FFO stood at €0.45 and €0.46 per share respectively, and were thus below the prior-year figures of €0.51 and €0.52 per share. Against the backdrop of the business performance in line with plans in the first quarter of 2026, Deutsche EuroShop confirms its full-year forecast published in March:

Revenue: €269 to €277 million
EBIT: €211 to €219 million
EBT excluding valuation gains: €134 to €142 million
FFO: €134 to €142 million or €1.77 to €1.87 per share

Annual General Meeting in June in Hamburg The invitation to the Annual General Meeting, which will take place on 18 June 2026 as an in-person event in Hamburg, has already been published ( ). In it, the Executive Board and Supervisory Board propose the payment of a dividend of €1.00 per share for the 2025 financial year. Furthermore, the Annual General Meeting is to resolve on the conversion of Deutsche EuroShop AG into a European Company (Societas Europaea, SE). Complete quarterly statement The full quarterly statement is available as a PDF file and as an ePaper on the Internet at
Deutsche EuroShop - The Shopping Center Company Deutsche EuroShop is the only public company in Germany to invest exclusively in shopping centers in prime locations. The company currently has investments in 21 shopping centers in Germany, Austria, Poland, the Czech Republic and Hungary. The portfolio includes the Main-Taunus-Zentrum near Frankfurt, the Altmarkt-Galerie in Dresden and the Galeria Baltycka in Gdansk, among many others. Key Group figures


in € million	01.01.-31.03.2026	01.01.-31.03.2025	+/-
Revenue	67.6	66.3	2.0%
Net operating income (NOI)	53.3	53.1	0.3%
EBIT	53.5	53.4	0.2%
EBT (without valuation result¹)	35.7	39.7	-10.1%
EPRA² Earnings	34.7	38.5	-9.9%
FFO⁷	35.4	39.3	-9.9%
Consolidated profit	28.4	31.9	-10.7%

in €	01.01.-31.03.2026	01.01.-31.03.2025	+/-
EPRA² Earnings per share	0.45	0.51	-11.8%
FFO per share	0.46	0.52	-11.5%
Earnings per share	0.38	0.42	-9.5%
Weighted number of shares with dividend rights⁶	75,743,854	75,743,854	0.0%

in € million	31.03.2026	31.12.2025	+/-
Equity³	2,202.1	2,170.1	1.5%
Liabilities	2,434.4	2,433.7	0.0%
Balance sheet total	4,633.5	4,603.8	0.6%
Equity ratio in %³	47.5	47.1
LTV ratio in %⁴	40.6	41.3
EPRA²LTV in %⁵	42.6	43.4
Cash and cash equivalents	417.1	387.4	7.7%

1 Incl. the share attributable to equity-accounted joint ventures and associates 2 European Public Real Estate Association 3 Incl. non-controlling interests 4 Loan-to-value (LTV): Ratio of net financial liabilities (financial liabilities less cash and cash equivalents) to non-current assets (investment properties and financial investments accounted for using the equity method) 5 EPRA Loan-to-Value (EPRA LTV): Ratio of net debt (financial liabilities and lease liabilities less cash and cash equivalents) to real estate assets (investment properties, owner-occupied properties, intangible assets and other assets (net)). Net debt and real estate assets are calculated on the basis of the Group's share in the subsidiaries and joint ventures. 6 The number of no-par-value shares issued includes the treasury shares which were acquired. These shares were factored in in the comparative period. 7 Due to the first-time adjustment of FFO for non-cash interest expense and one-off effects, the previous year's figures have been adjusted accordingly.

12.05.2026 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group.
The issuer is solely responsible for the content of this announcement.
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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:	...
Internet:
ISIN:	DE0007480204
WKN:	748020
Indices:	SDAX
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate BSX
EQS News ID:	2326420


End of News	EQS News Service

2326420 12.05.2026 CET/CEST

MENAFN12052026004691010666ID1111104493

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