11.06.2020 Deutsche EuroShop AG  DE0007480204

DGAP-News: Deutsche EuroShop: text of CEO Wilhelm Wellner's speech to the virtual Annual General Meeting published in advance - update on the coronavirus pandemic


 

DGAP-News: Deutsche EuroShop AG / Key word(s): AGM/EGM
Deutsche EuroShop: text of CEO Wilhelm Wellner's speech to the virtual Annual General Meeting published in advance - update on the coronavirus pandemic

11.06.2020 / 12:00
The issuer is solely responsible for the content of this announcement.


Deutsche EuroShop: text of CEO Wilhelm Wellner's speech to the virtual Annual General Meeting published in advance - update on the coronavirus pandemic

  • Ordinary (virtual) Annual General Meeting to be held on 16 June 2020
  • Dialogue with shareholders supported by publishing the CEO's speech in advance
  • Update on the coronavirus pandemic with selected key figures

Hamburg, 11 June 2020 - Deutsche EuroShop (DES) will hold its ordinary and entirely virtual Annual General Meeting next Tuesday, 16 June 2020. Shopping center investor DES attaches particular importance to ensuring the best possible dialogue with shareholders, including by holding the Annual General Meeting (AGM) in virtual format.

This morning, Thursday, 11 June 2020, the text of the speech by DES CEO Wilhelm Wellner was published on the Deutsche EuroShop AG website. Publishing the speech before the AGM enables shareholders to submit questions about it in advance to the virtual Annual General Meeting - the deadline for this is Saturday, 13 June 2020 at 12.00 midnight. Advance publication by Deutsche EuroShop is intended to facilitate the dialogue with its shareholders.

The text of the speech (German only) and details of the conduct of the virtual Annual General Meeting can be found at www.deutsche-euroshop.de/HV

Update on the coronavirus pandemic

In his speech, Mr. Wellner will not just report on financial year 2019 but also provide information on current developments at the 21 shopping centers in the DES portfolio since the start of the coronavirus pandemic. The following key figures are presented in an updated form (as at 7 June 2020):

  • Opening status of shops in individual countries:
    Germany: 97%
    Austria: 96%
    Poland: 89%
    Czech Republic: 96%
    Hungary: 94%
  • Visitor numbers compared with the previous year are at a level of 73% (centers range from 55% to 100%)
  • Performance of retail sales in German centers compared with the previous year:
    March: -48%
    April: -69%
    May: -34%
  • Trend in the collection ratio:
    March: 92%
    April: 33%
    May: 38%
  • Percentage of rental income from tenants in insolvency/protection proceedings: 6%

Virtual 2020 Annual General Meeting

The ordinary (virtual) Annual General Meeting of Deutsche EuroShop AG will take place next Tuesday, 16 June 2020 at 10:00 a.m. CET. The speech by CEO Wilhelm Wellner will be broadcast live and publicly on the internet at www.deutsche-euroshop.de/hv2020live from around 10:15 a.m. CET.

Deutsche EuroShop - The shopping center company

Deutsche EuroShop is the only public company in Germany to invest solely in shopping centers in prime locations. The SDAX-listed 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.



11.06.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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: [email protected]
Internet: www.deutsche-euroshop.de
ISIN: DE0007480204
WKN: 748020
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1068063

 
End of News DGAP News Service

1068063  11.06.2020 

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Die wichtigsten Finanzdaten auf einen Blick
  2016 2017 2018 2019 2020 2021 2022e
Umsatzerlöse1 204,14 218,49 225,05 225,94 224,10 211,75 0,00
EBITDA1,2 178,70 192,42 199,19 197,64 190,46 152,67 0,00
EBITDA-Marge3 87,54 88,07 88,51 87,47 84,99 72,10 0,00
EBIT1,4 178,63 192,37 199,14 197,47 161,24 152,50 0,00
EBIT-Marge5 87,50 88,05 88,49 87,40 71,95 72,02 0,00
Jahresüberschuss1 221,76 134,33 79,40 112,09 -251,72 59,95 0,00
Netto-Marge6 108,63 61,48 35,28 49,61 -112,32 28,31 0,00
Cashflow1,7 140,96 156,02 159,20 170,21 111,09 172,67 0,00
Ergebnis je Aktie8 4,11 2,31 1,29 1,81 -4,07 0,97 1,42
Dividende8 1,40 1,45 1,50 0,00 0,04 1,00 1,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2021 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: BDO

INVESTOR-INFORMATIONEN
©boersengefluester.de
Deutsche EuroShop
WKN Kurs in € Einschätzung Börsenwert in Mio. €
748020 21,940 Halten 1.355,53
KGV 2023e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
13,71 13,09 1,05 11,18
KBV KCV KUV EV/EBITDA
0,68 7,85 6,40 18,63
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
1,00 1,20 4,56 30.08.2022
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
12.05.2022 11.08.2022 10.11.2022 26.04.2022
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-2,23% 6,08% 49,86% 56,71%
    
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Immobilien (Gewerbe) , 748020 , DEQ , XETR:DEQ