- The company reported preliminary results for fiscal year 2012 with revenue, EBIT, and EBT before valuation meeting or exceeding targets.
- In 2012, the company acquired several shopping centers in Germany, issued new shares and convertible bonds, and restructured its legal entities through a merger to achieve tax benefits.
- Key highlights included acquisitions totaling over €200 million, and growth in performance metrics exceeding 15% on a compound annual basis since 2008.
- The preliminary results presentation reviewed the company's financial and operating performance for 2012 and outlined its strategy and recent transactions.
Kinross Gold Corporation is a gold mining company headquartered in Toronto, Canada. It operates mines in the United States, Brazil, Chile, Ecuador, and Russia. The company had over $4 billion in revenue in 2012 and employs thousands of workers globally. Kinross' share price has fallen in the past year but analysts remain mostly positive on the stock, with over half recommending it as a "buy". Institutional investors from the United States own two-thirds of the company's shares.
SEB Facts And Figures January September 2008SEBgroup
This document provides an overview of key financial information for SEB Group for Q3 and January-September 2008. Some key points:
- Operating profit decreased 46% in Q3 2008 and 36% January-September compared to the same periods in 2007, driven by lower net financial income and higher credit losses.
- Net interest income increased 16% in Q3 2008 supported by higher lending volumes and margins, despite pressure from funding costs and deposit margins.
- Ratings agencies have changed their outlook on SEB to negative in recent months due to the deteriorating economic environment.
- The majority of SEB's operating profit in January-September 2008 came from its Swedish banking operations, with other key contributors
Dividend Idea - Thompson Reuters (NYSE:TRI)Dividend Yield
The document provides an overview and analysis of Thomson Reuters Corporation. It includes a company summary describing Thomson Reuters' business units and recent acquisitions. Financial metrics such as stock price, margins, income statement, balance sheet, and cash flow statement are presented. Peers are also listed for comparison. The document aims to analyze Thomson Reuters' financial performance and position among competitors.
Deutsche EuroShop - Conference Call Presentation - Interim Report H1 2012Deutsche EuroShop AG
- Retail sales in H1 2012 were up 0.3% overall in German shopping centers on a like-for-like basis, with food sales up 2.3% and sports up 6.3%. International sales were up 3.0%.
- The company's loan structure has an average interest rate of 4.32% and average maturity of 6.84 years, with 46.5% of debt between 5-10 years.
- Key financial figures for H1 2012 show a 16% increase in EBIT and 20% increase in consolidated profit compared to H1 2011.
This document provides an overview of Skandinaviska Enskilda Banken (SEB) for the first half of 2008. It includes key figures on operating profit, asset quality, divisions, and ratings. SEB saw operating profit decline 23% compared to the second quarter of 2007, though net interest income increased 12% due to growth in lending volume and margins. The document also outlines SEB's organization structure and provides profit and loss statements by quarter comparing 2008 to 2007.
Annika Falkengren, President & CEO of SEB, summarized the bank's annual report for 2012 in the following areas:
1. Business expansion with increased number of clients and credit portfolio in both large corporate and SME segments across Nordics and Germany.
2. Improved customer satisfaction ratings compared to peers for both large corporate and SME segments.
3. Increased operating leverage with higher average quarterly income and lower average quarterly expenses.
4. Strong balance sheet with capital and liquidity ratios exceeding requirements.
The document provides an analysis of financial markets and economic indicators from July 2012. It includes:
1) A recap of events in July, including the relaxation of Spain's budget deficit targets and increasing pressure on its banking sector from rising non-performing loans.
2) Analysis of government bond yields, stock market performance, and macroeconomic data from various countries.
3) A preview of key events and data releases expected in the following month, including central bank meetings and the ongoing US earnings season.
4) Charts and commentary on topics like China's interest rates, emerging market pressures, and the valuation of US stocks.
Kinross Gold Corporation is a gold mining company headquartered in Toronto, Canada. It operates mines in the United States, Brazil, Chile, Ecuador, and Russia. The company had over $4 billion in revenue in 2012 and employs thousands of workers globally. Kinross' share price has fallen in the past year but analysts remain mostly positive on the stock, with over half recommending it as a "buy". Institutional investors from the United States own two-thirds of the company's shares.
SEB Facts And Figures January September 2008SEBgroup
This document provides an overview of key financial information for SEB Group for Q3 and January-September 2008. Some key points:
- Operating profit decreased 46% in Q3 2008 and 36% January-September compared to the same periods in 2007, driven by lower net financial income and higher credit losses.
- Net interest income increased 16% in Q3 2008 supported by higher lending volumes and margins, despite pressure from funding costs and deposit margins.
- Ratings agencies have changed their outlook on SEB to negative in recent months due to the deteriorating economic environment.
- The majority of SEB's operating profit in January-September 2008 came from its Swedish banking operations, with other key contributors
Dividend Idea - Thompson Reuters (NYSE:TRI)Dividend Yield
The document provides an overview and analysis of Thomson Reuters Corporation. It includes a company summary describing Thomson Reuters' business units and recent acquisitions. Financial metrics such as stock price, margins, income statement, balance sheet, and cash flow statement are presented. Peers are also listed for comparison. The document aims to analyze Thomson Reuters' financial performance and position among competitors.
Deutsche EuroShop - Conference Call Presentation - Interim Report H1 2012Deutsche EuroShop AG
- Retail sales in H1 2012 were up 0.3% overall in German shopping centers on a like-for-like basis, with food sales up 2.3% and sports up 6.3%. International sales were up 3.0%.
- The company's loan structure has an average interest rate of 4.32% and average maturity of 6.84 years, with 46.5% of debt between 5-10 years.
- Key financial figures for H1 2012 show a 16% increase in EBIT and 20% increase in consolidated profit compared to H1 2011.
This document provides an overview of Skandinaviska Enskilda Banken (SEB) for the first half of 2008. It includes key figures on operating profit, asset quality, divisions, and ratings. SEB saw operating profit decline 23% compared to the second quarter of 2007, though net interest income increased 12% due to growth in lending volume and margins. The document also outlines SEB's organization structure and provides profit and loss statements by quarter comparing 2008 to 2007.
Annika Falkengren, President & CEO of SEB, summarized the bank's annual report for 2012 in the following areas:
1. Business expansion with increased number of clients and credit portfolio in both large corporate and SME segments across Nordics and Germany.
2. Improved customer satisfaction ratings compared to peers for both large corporate and SME segments.
3. Increased operating leverage with higher average quarterly income and lower average quarterly expenses.
4. Strong balance sheet with capital and liquidity ratios exceeding requirements.
The document provides an analysis of financial markets and economic indicators from July 2012. It includes:
1) A recap of events in July, including the relaxation of Spain's budget deficit targets and increasing pressure on its banking sector from rising non-performing loans.
2) Analysis of government bond yields, stock market performance, and macroeconomic data from various countries.
3) A preview of key events and data releases expected in the following month, including central bank meetings and the ongoing US earnings season.
4) Charts and commentary on topics like China's interest rates, emerging market pressures, and the valuation of US stocks.
SEB Facts And Figures January December 2008SEBgroup
This document provides an overview of key financial figures and performance metrics for SEB Group for 2008. Some key points:
- Operating profit declined 27% year-over-year to SEK 12.5 billion in 2008 due to lower net interest income, fee and commission income, and life insurance income as well as higher credit losses.
- Net profit declined 26% to SEK 10.1 billion. Return on equity fell to 13.1% and the cost/income ratio increased to 0.62.
- All divisions saw declines in profitability except Merchant Banking. Sweden, Norway, and Germany were the strongest markets while the Baltic countries struggled.
- Exchange rate fluctuations had a negative impact
Financial Analysis - Osisko Mining Corporation is a gold exploration compa…BCV
Osisko Mining Corporation is a Canadian gold exploration company. It holds interests in the Canadian Malartic gold deposit in Quebec, Canada, which accounted for 100% of its sales in 2013. The company's share price has fallen significantly over the past year, with a 50.8% decline over the past 52 weeks. Analyst ratings on the company are mostly neutral, with around 70% recommending a hold and 20-30% recommending a buy.
Imperial reported an 18% increase in revenue and a 12% increase in operating profit for the first six months of fiscal year 2013. While most divisions performed well, logistics divisions faced challenging conditions in South Africa and Europe. The automotive retail and aftermarket parts divisions achieved strong growth. Overall, the results represent a good performance despite difficult market conditions in some areas.
S IMMO AG held a conference call to discuss its Q1 2012 results. Key highlights included:
- Rental income declined slightly year-over-year but FFO increased significantly.
- The portfolio occupancy rate was 93.1% with over 6,800 tenants across 1.36 million square meters of space.
- Residential property sales in Germany and Austria generated gains of €0.7 million.
- NAV per share rose to €7.06 and EPRA NAV rose to €8.88 per share, both up from year-end 2011.
- Bank debt was €1.22 billion with a loan-to-value ratio of 60%
This document provides an earnings report for H1 2012. Key highlights include:
- Net income surged 69.1% to RUB 1,204 million compared to H1 2011. Assets grew 5.9% and client funds increased 6.2%.
- Net interest income increased 37% to RUB 4,411 million driven by a rise in net interest margin to 4.7% from 3.7% in H1 2011.
- Non-performing loans fell to 8.08% of total loans and provisions covered overdue loans by 113%. Return on equity improved to 12.7%.
This annual report summarizes Tele2's financial results for 2008. Key highlights include:
- Net sales of SEK 39.5 billion and EBITDA of SEK 8.2 billion.
- 24.5 million total customers across 11 countries at the end of 2008.
- Continued strong growth in Russia, adding 1.8 million new customers to reach 10.4 million total.
- Proposes a total dividend of SEK 5 per share, including an ordinary dividend of SEK 3.50 per share and a special dividend of SEK 1.50 per share.
Financial Analysis - Banque Cantonale Vaudoise - Banque Cantonale Vaudoise (BCV) attracts deposits and offers retail, private, and corporate banking services. BCV operates primarily in the Canton of Vaud.pdf
The document summarizes key trends in the Asia Pacific outsourcing market in 2011 based on an analysis of contracts over $25 million. It finds that while contract activity reached record levels, total contract value declined 10% from 2010 due to a rise in smaller deals. Total contract value was pulled down by weaker performance in India and key industries like financial services and manufacturing. However, the Asia Pacific market remains attractive with annualized revenue and active contracts growing at a 4-8% compound annual rate between 2007-2011.
Financial Analysis - American International Group, Inc. is an internationa…BCV
Financial Analysis - American International Group, Inc. is an international insurance organization serving commercial, institutional and individual customers. AIG provides property-casualty insurance, life insurance and retirement services.pdf
The credit market is extremely tight according to this document:
1) Lending rates have increased substantially, with cash flow loans over 15% and ABL loans at LIBOR + 500 to 600 basis points.
2) There is little to no mezzanine lending, DIP financing, or exit financing available as major lenders withdraw from the market.
3) Bank lending standards have tightened more than at any other time in the last 20 years according to the Federal Reserve, and lenders are de-leveraging their balance sheets by selling loan participations.
4) An estimated $46.6 billion of debt securities may need to be liquidated in the near future, further competing for
Deutsche EuroShop is Germany's only public company that invests solely in shopping centers. It owns 19 shopping centers in Germany, Austria, Hungary and Poland, with a total lettable space of approximately 930,000 square meters. The company focuses on long-term growth and stable dividends. Key financial figures for the first nine months of 2014 show an 8% increase in revenue and a 10% increase in funds from operations per share compared to the same period in 2013.
Deutsche EuroShop - Conference Call Presentation - Interim Report Q1 2013Deutsche EuroShop AG
Deutsche EuroShop held a conference call to discuss its Q1 2013 results. Key highlights included:
- Revenue increased 10% to €42.4 million due to the full consolidation of Herold-Center.
- Net operating income rose 12% to €38.6 million.
- EBIT increased 10% to €37.3 million.
- FFO per share grew 11% to €0.50, while EPRA earnings per share rose 18% to €0.40.
- The company forecasts revenue growth of 11-13% annually through 2014 and FFO per share growth of 4-7% through 2015.
Deutsche EuroShop reported increased revenue, earnings, and profits for Q1 2013 compared to Q1 2012. Revenue was up 10% to €42.4 million driven by the addition of Herold-Center to the portfolio. EBIT rose 10% to €37.3 million and consolidated profit grew 22% to €20.1 million. Funds from operations per share increased 11% to €0.50. The company acquired the remaining shares in Altmarkt-Galerie, increasing its ownership to 100%. For the full year, Deutsche EuroShop expects to pay a dividend of at least €1.20 per share.
The company reported strong financial results for the first nine months of 2012. Revenue increased 14% compared to the same period in 2011, reaching €157.1 million. Net operating income rose 15% to €41.1 million and earnings before interest and taxes grew 16% to €37.3 million. Consolidated profit increased nearly 25% to €49.9 million. The company expects to slightly increase its dividend and continues its strategy of investing in shopping centers.
Este documento presenta los resultados provisionales de un proceso de selección para cubrir una plaza de informador/a-animador/a en un centro de información a la mujer. Se detallan los puntajes obtenidos por cada candidato en las distintas fases del proceso, incluyendo méritos, cursos y experiencia profesional en la fase de concurso, y los resultados de los primeros y segundos ejercicios de la fase de oposición. Marta Medrano obtuvo la puntuación global más alta con 8,84 puntos.
1) Deutsche EuroShop is Germany's only public company that invests solely in shopping centers across Germany, Austria, Poland and Hungary.
2) The company owns 19 shopping centers totaling approximately 940,000 square meters of retail space.
3) Deutsche EuroShop aims for long-term growth and stable increases in portfolio value through a buy and hold strategy and annual portfolio extensions of 10%.
The document discusses IRS tax Form 4868, which allows individuals to request a 6-month extension to file their tax return. Filing Form 4868 does not extend the deadline for paying any taxes owed, but it avoids potential late filing penalties by providing additional time to complete the return. Common reasons for using Form 4868 include needing more time to gather tax documents or needing an extension if residing outside the country. The form can be e-filed to request the extension, and the IRS typically processes it within a few days to provide the new October 15th filing deadline.
Deutsche EuroShop Real Estate Summer 2013 in Klagenfurt/AustriaDeutsche EuroShop AG
22. & 23.08.2013
Bricks and Mortar - Round-up of the Austrian Retail Real Estate Market
Gernot Zöhrer, Development Austria, ECE
Challenges of Leasing Related to Retail and Online Trends
Sonja Carina Fragner, Leasing Manager, ECE
Presentation and Guided Visit of City Arkaden Klagenfurt
Birgit Haglmüller, Leasing Manager, ECE
Future of Retailing – the true state of affairs
Stephan Jung, Chairman of the management board, German Council of Shopping Center
Rating based Evaluation of Shopping Centers - Methodology and Approach
Wolfgang Kubatzki, Head of Real Estate, Feri EuroRating
The Shopping Centre: Today a Factor of Success, tomorrow a Simple Sales Channel? Perspectives of Managed Retail Real Estate in Dynamic Times
Dr. Gerold Doplbauer, Senior Consultant, GfK GeoMarketing
Questions & Answers
Claus-Matthias Böge, CEO,
Deutsche EuroShop
Deutsche Börse Group maintained solid financial performance in 2012 despite challenging market conditions. While revenue was down slightly, earnings per share increased due to cost cutting measures. The company outlined its strategic priorities to invest in growth areas like OTC derivatives clearing and expand into new regions and customer groups. Deutsche Börse aims to strengthen its technology leadership and complete business model across the post-trading value chain through both organic initiatives and partnerships.
Hemas Holdings PLC reported strong financial results for the first half of 2012/13, with group turnover increasing 29% and PAT growing 46% compared to the same period last year. Key drivers of growth were the power, healthcare, and FMCG sectors. The company's consumer businesses, including FMCG, healthcare, and leisure, contributed over 80% of total revenue. Earnings growth boosted ROE to 13.6% for the period.
SEB Facts And Figures January December 2008SEBgroup
This document provides an overview of key financial figures and performance metrics for SEB Group for 2008. Some key points:
- Operating profit declined 27% year-over-year to SEK 12.5 billion in 2008 due to lower net interest income, fee and commission income, and life insurance income as well as higher credit losses.
- Net profit declined 26% to SEK 10.1 billion. Return on equity fell to 13.1% and the cost/income ratio increased to 0.62.
- All divisions saw declines in profitability except Merchant Banking. Sweden, Norway, and Germany were the strongest markets while the Baltic countries struggled.
- Exchange rate fluctuations had a negative impact
Financial Analysis - Osisko Mining Corporation is a gold exploration compa…BCV
Osisko Mining Corporation is a Canadian gold exploration company. It holds interests in the Canadian Malartic gold deposit in Quebec, Canada, which accounted for 100% of its sales in 2013. The company's share price has fallen significantly over the past year, with a 50.8% decline over the past 52 weeks. Analyst ratings on the company are mostly neutral, with around 70% recommending a hold and 20-30% recommending a buy.
Imperial reported an 18% increase in revenue and a 12% increase in operating profit for the first six months of fiscal year 2013. While most divisions performed well, logistics divisions faced challenging conditions in South Africa and Europe. The automotive retail and aftermarket parts divisions achieved strong growth. Overall, the results represent a good performance despite difficult market conditions in some areas.
S IMMO AG held a conference call to discuss its Q1 2012 results. Key highlights included:
- Rental income declined slightly year-over-year but FFO increased significantly.
- The portfolio occupancy rate was 93.1% with over 6,800 tenants across 1.36 million square meters of space.
- Residential property sales in Germany and Austria generated gains of €0.7 million.
- NAV per share rose to €7.06 and EPRA NAV rose to €8.88 per share, both up from year-end 2011.
- Bank debt was €1.22 billion with a loan-to-value ratio of 60%
This document provides an earnings report for H1 2012. Key highlights include:
- Net income surged 69.1% to RUB 1,204 million compared to H1 2011. Assets grew 5.9% and client funds increased 6.2%.
- Net interest income increased 37% to RUB 4,411 million driven by a rise in net interest margin to 4.7% from 3.7% in H1 2011.
- Non-performing loans fell to 8.08% of total loans and provisions covered overdue loans by 113%. Return on equity improved to 12.7%.
This annual report summarizes Tele2's financial results for 2008. Key highlights include:
- Net sales of SEK 39.5 billion and EBITDA of SEK 8.2 billion.
- 24.5 million total customers across 11 countries at the end of 2008.
- Continued strong growth in Russia, adding 1.8 million new customers to reach 10.4 million total.
- Proposes a total dividend of SEK 5 per share, including an ordinary dividend of SEK 3.50 per share and a special dividend of SEK 1.50 per share.
Financial Analysis - Banque Cantonale Vaudoise - Banque Cantonale Vaudoise (BCV) attracts deposits and offers retail, private, and corporate banking services. BCV operates primarily in the Canton of Vaud.pdf
The document summarizes key trends in the Asia Pacific outsourcing market in 2011 based on an analysis of contracts over $25 million. It finds that while contract activity reached record levels, total contract value declined 10% from 2010 due to a rise in smaller deals. Total contract value was pulled down by weaker performance in India and key industries like financial services and manufacturing. However, the Asia Pacific market remains attractive with annualized revenue and active contracts growing at a 4-8% compound annual rate between 2007-2011.
Financial Analysis - American International Group, Inc. is an internationa…BCV
Financial Analysis - American International Group, Inc. is an international insurance organization serving commercial, institutional and individual customers. AIG provides property-casualty insurance, life insurance and retirement services.pdf
The credit market is extremely tight according to this document:
1) Lending rates have increased substantially, with cash flow loans over 15% and ABL loans at LIBOR + 500 to 600 basis points.
2) There is little to no mezzanine lending, DIP financing, or exit financing available as major lenders withdraw from the market.
3) Bank lending standards have tightened more than at any other time in the last 20 years according to the Federal Reserve, and lenders are de-leveraging their balance sheets by selling loan participations.
4) An estimated $46.6 billion of debt securities may need to be liquidated in the near future, further competing for
Deutsche EuroShop is Germany's only public company that invests solely in shopping centers. It owns 19 shopping centers in Germany, Austria, Hungary and Poland, with a total lettable space of approximately 930,000 square meters. The company focuses on long-term growth and stable dividends. Key financial figures for the first nine months of 2014 show an 8% increase in revenue and a 10% increase in funds from operations per share compared to the same period in 2013.
Deutsche EuroShop - Conference Call Presentation - Interim Report Q1 2013Deutsche EuroShop AG
Deutsche EuroShop held a conference call to discuss its Q1 2013 results. Key highlights included:
- Revenue increased 10% to €42.4 million due to the full consolidation of Herold-Center.
- Net operating income rose 12% to €38.6 million.
- EBIT increased 10% to €37.3 million.
- FFO per share grew 11% to €0.50, while EPRA earnings per share rose 18% to €0.40.
- The company forecasts revenue growth of 11-13% annually through 2014 and FFO per share growth of 4-7% through 2015.
Deutsche EuroShop reported increased revenue, earnings, and profits for Q1 2013 compared to Q1 2012. Revenue was up 10% to €42.4 million driven by the addition of Herold-Center to the portfolio. EBIT rose 10% to €37.3 million and consolidated profit grew 22% to €20.1 million. Funds from operations per share increased 11% to €0.50. The company acquired the remaining shares in Altmarkt-Galerie, increasing its ownership to 100%. For the full year, Deutsche EuroShop expects to pay a dividend of at least €1.20 per share.
The company reported strong financial results for the first nine months of 2012. Revenue increased 14% compared to the same period in 2011, reaching €157.1 million. Net operating income rose 15% to €41.1 million and earnings before interest and taxes grew 16% to €37.3 million. Consolidated profit increased nearly 25% to €49.9 million. The company expects to slightly increase its dividend and continues its strategy of investing in shopping centers.
Este documento presenta los resultados provisionales de un proceso de selección para cubrir una plaza de informador/a-animador/a en un centro de información a la mujer. Se detallan los puntajes obtenidos por cada candidato en las distintas fases del proceso, incluyendo méritos, cursos y experiencia profesional en la fase de concurso, y los resultados de los primeros y segundos ejercicios de la fase de oposición. Marta Medrano obtuvo la puntuación global más alta con 8,84 puntos.
1) Deutsche EuroShop is Germany's only public company that invests solely in shopping centers across Germany, Austria, Poland and Hungary.
2) The company owns 19 shopping centers totaling approximately 940,000 square meters of retail space.
3) Deutsche EuroShop aims for long-term growth and stable increases in portfolio value through a buy and hold strategy and annual portfolio extensions of 10%.
The document discusses IRS tax Form 4868, which allows individuals to request a 6-month extension to file their tax return. Filing Form 4868 does not extend the deadline for paying any taxes owed, but it avoids potential late filing penalties by providing additional time to complete the return. Common reasons for using Form 4868 include needing more time to gather tax documents or needing an extension if residing outside the country. The form can be e-filed to request the extension, and the IRS typically processes it within a few days to provide the new October 15th filing deadline.
Deutsche EuroShop Real Estate Summer 2013 in Klagenfurt/AustriaDeutsche EuroShop AG
22. & 23.08.2013
Bricks and Mortar - Round-up of the Austrian Retail Real Estate Market
Gernot Zöhrer, Development Austria, ECE
Challenges of Leasing Related to Retail and Online Trends
Sonja Carina Fragner, Leasing Manager, ECE
Presentation and Guided Visit of City Arkaden Klagenfurt
Birgit Haglmüller, Leasing Manager, ECE
Future of Retailing – the true state of affairs
Stephan Jung, Chairman of the management board, German Council of Shopping Center
Rating based Evaluation of Shopping Centers - Methodology and Approach
Wolfgang Kubatzki, Head of Real Estate, Feri EuroRating
The Shopping Centre: Today a Factor of Success, tomorrow a Simple Sales Channel? Perspectives of Managed Retail Real Estate in Dynamic Times
Dr. Gerold Doplbauer, Senior Consultant, GfK GeoMarketing
Questions & Answers
Claus-Matthias Böge, CEO,
Deutsche EuroShop
Deutsche Börse Group maintained solid financial performance in 2012 despite challenging market conditions. While revenue was down slightly, earnings per share increased due to cost cutting measures. The company outlined its strategic priorities to invest in growth areas like OTC derivatives clearing and expand into new regions and customer groups. Deutsche Börse aims to strengthen its technology leadership and complete business model across the post-trading value chain through both organic initiatives and partnerships.
Hemas Holdings PLC reported strong financial results for the first half of 2012/13, with group turnover increasing 29% and PAT growing 46% compared to the same period last year. Key drivers of growth were the power, healthcare, and FMCG sectors. The company's consumer businesses, including FMCG, healthcare, and leisure, contributed over 80% of total revenue. Earnings growth boosted ROE to 13.6% for the period.
ABC Holdings Limited reported their audited group results for the year ended 31 December 2012. The presentation included highlights such as attributable profits increasing 60% and the dividend per share decreasing 9%. There was also a strong underlying group performance with improving capital base, successful rights issue raising BWP364 million, and growth across balance sheet items. The presentation also reviewed the global and African economic environment with most regions expected to see continued growth in 2013 despite some risks.
This document contains the agenda and notes from a Ferrovial shareholder meeting held on March 22, 2013 in Madrid. The agenda items included approval of financial statements, distribution of dividends, appointment of directors and auditors, and remuneration plans. The notes provided an overview of Ferrovial's financial position in 2012, including positive operating cash flow, divestments, backlog, and international expansion. Ferrovial reported improved financial metrics in 2012 with increased revenue, EBITDA, and net income compared to 2011.
Mark Rajkowski, CFO of Credit Suisse, presented at the 2012 Global Paper & Packaging Conference. He outlined Credit Suisse's business model, which focuses on commercial excellence, innovation, and emerging markets to drive revenue growth of over 5% annually. This growth, combined with margin expansion through operational leverage and productivity, is expected to produce earnings growth of 7-10% and top quartile total shareholder returns.
Hemas Holdings PLC is a diversified conglomerate in Sri Lanka that saw growth in revenue and earnings in Q3 2012/13. Key points:
- Group revenue increased 26% year-over-year to LKR 19.2 billion, driven by the power, healthcare, and FMCG sectors.
- Net profit grew 30% to LKR 1.2 billion. The FMCG, leisure, healthcare, and transportation sectors contributed strongly to earnings growth.
- Several subsidiaries and business lines performed well, with the pharmaceutical, hotel, and aviation businesses seeing particularly strong growth.
- CSR initiatives included opening new preschools and constructing a model school in Kilinochchi
Real reporting examples by GRI's US Sector LeadersGRIUSA
This document summarizes a panel discussion on sustainability reporting featuring representatives from The Mosaic Company, Dell, Bloomberg, and Clorox. Each panelist discussed their company's approach to sustainability reporting. Neil Beckingham of Mosaic discussed how sustainability is integrated into their mission and operations as a fertilizer producer. Jackie Keating of Dell explained how they produce an annual CR report and GRI index. Rina Levy of Bloomberg outlined the value of standardized ESG data for financial analysis. Finally, Aileen Zerrudo of Clorox discussed how sustainability is driving 40% of their growth and their efforts towards integrated reporting.
The document provides an investor update on AkzoNobel's Q3 2012 results. It includes the following key information:
1) EBITDA was up 7% at €540 million despite a 3% decline in volumes primarily due to the economic slowdown in Europe. Revenue was up 6% mainly driven by currencies and pricing actions.
2) A €2.5 billion impairment charge related to Decorative Paints intangible assets resulted in a net loss of €2.4 billion for the quarter. Adjusted EPS was €1.01.
3) The performance improvement program is on track but the economic environment remains a principal sensitivity given the continued weak demand and cautious customer ordering patterns.
Financial Analysis - National Oilwell Varco Inc. is a worldwide provider of e...BCV
Financial Analysis - National Oilwell Varco Inc. is a worldwide provider of equipment and components used in oil and gas drilling and production operations, oilfield services
DryShips Inc. reported financial results for the 4th quarter of 2012. The company reported an adjusted net loss of $59.9 million compared to an adjusted net loss of $129.8 million in the same period in 2011. Total revenues for 2012 were $1.21 billion. The company's shipping segment, which includes drybulk and tanker operations, had revenues of $268.2 million for 2012. DryShips has a newbuilding program underway with expected deliveries of various new vessels through 2014 at a remaining capital expenditure of over $234 million.
The Korea Fund saw a 9.86% rally in the third quarter of 2012, driven by actions from the ECB and Fed to support the Eurozone and US economies. The fund underperformed its benchmark by 245 basis points due to stock picks in consumer discretionary, industrials, and quality/value styles outperforming growth and large caps. Materials and healthcare stock picks contributed most to performance while consumer discretionary and industrials detracted. The Korean won appreciated against the dollar and may continue strengthening.
Financial Analysis - EDF SA (Electricite de France) produces, transmits, dist...BCV
Financial Analysis - EDF SA (Electricite de France) produces, transmits, distributes, imports and exports electricity. The Company, using nuclear power, coal and gas, provides electricity for French energy consumer
Stora Enso reported financial results for Q2 2012. Operational EBIT was EUR 141 million, similar to Q1 2012 levels. Cash flow from operations improved to EUR 246 million. Strategic investments are progressing to transform the company, including a new pulp mill in Uruguay and board machine in Sweden. Guidance for Q3 2012 expects sales similar to Q2 2012 and operational EBIT at similar or slightly higher levels.
The Korea Fund underperformed the MSCI Korea benchmark in the second quarter of 2012, with the MSCI Korea dropping sharply by 8.6% in USD terms. Foreign investors sold a net $5 trillion worth of Korean equities, though the Korean won depreciated only moderately against the USD. During the quarter, the Fund outperformed its benchmark by 42 basis points due to strong stock picks in consumer discretionary, while IT and materials detracted. Quality stocks outperformed in the volatile market conditions, with low debt, low volatility stocks performing well.
Optus is Australia's second largest telecommunications company. It has seen consistent revenue growth from 2003-2007, with operating expenses maintained below 75% of revenue. Key factors contributing to Optus' profitability include controlling expenses, increasing revenue per employee through productivity, infrastructure investments, competitive pricing and new products. Potential risks include rising operating costs, decreased employee productivity, under-investment in infrastructure, lack of competitive pricing and new products. Business intelligence on these factors can be obtained from annual reports, government data, surveys and research reports to minimize risks to Optus' profits.
Financial Analysis - Veolia environnement operates utility and public tran…BCV
Veolia Environnement operates utility and public transportation businesses around the world. It provides water, waste management, and energy services. The company generates most of its revenue in France, but also has significant operations in other European countries and the United States. Institutional investors own about 43% of Veolia shares, with most of the remaining shares held by retail investors. Caisse des Dépots et Consignations is the largest shareholder, owning over 9% of outstanding shares. Analyst recommendations and price targets for Veolia shares are mixed.
A presentation made at the Howard Weil Energy Conference in New Orleans, LA on March 18, 2013 by Cabot Oil & Gas. The presentation contains important information about their drilling cost structure--showing they have some of the lowest shale drilling costs in the industry.
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Similar to Deutsche EuroShop - Conference Call Presentation - Preliminary Results FY 2012 (20)
- The company saw a strong comeback in 2023 with increased footfall and retail sales compared to 2022, as well as revenue and FFO growth of over 25% and 30% respectively.
- Key performance indicators were favorable, even excluding acquisitions, and the company has a low LTV of 33.2% and strong cash position of €336.1 million.
- Major investments and developments were undertaken at several shopping centers to attract new tenants and optimize the customer experience.
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This document provides a company presentation for a shopping center company for January 2024. It summarizes the company's strong comeback in operational business with increasing footfall and retail sales above 2019 levels. It also discusses the company's financing and liquidity position, portfolio of shopping centers, and provides a financial overview and forecast for 2023. The presentation aims to provide an update on the company's business activities and performance.
Deutsche EuroShop | Conference Call Presentation - Quarterly Statement 9M 2023Deutsche EuroShop AG
- The document provides a quarterly report for a shopping center company for the first 9 months of 2023.
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- Independent appraisals showed a slight decrease in property values in the first half of 2023 due to market changes, though
- In the first nine months of 2023, the Deutsche EuroShop Group saw significant revenue growth of 28.1% compared to the same period in 2022, which was driven by both an increase in operational performance and the acquisition of additional property company shares.
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- Earnings before interest and taxes grew substantially by 49.3% helped by income from reversal of provisions and lower write-downs, however consolidated profit fell due to negative valuation effects.
- While business recovery supported results, one-off income also contributed to improved performance compared to previous year.
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- EPRA earnings grew 41.2% to €44.2 million or €0.62 per share, driven by the acquisitions and lower write-downs on rent receivables.
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2. 22.03.2013 ANNUAL EARNINGS CONFERENCE CALL | FY 2012 PRELIMINARY RESULTS
COMPANY
Highlights 2012
January
Increase of the shareholdings to 100% in
Rhein-Neckar-Zentrum (investment volume: €0.24 million),
Allee-Center Hamm (investment volume €8.8 million)
Rathaus-Center Dessau (investment volume €5.9 million)
Rhein-Neckar-Zentrum Hamm Dessau
2
3. 22.03.2013 ANNUAL EARNINGS CONFERENCE CALL | FY 2012 PRELIMINARY RESULTS
COMPANY
Highlights 2012
November
Acquisition of Herold-Center, Norderstedt (investment volume: €187 million)
Placement of 2,314,136 new shares from an increase in the share capital
with institutional investors (proceeds of approx. €67.7 million)
Convertible bonds with a maturity of five years and a total principal amount of
€100 million were placed with qualified investors
Herold-Center
3
4. 22.03.2013 ANNUAL EARNINGS CONFERENCE CALL | FY 2012 PRELIMINARY RESULTS
SHOPPING CENTER SHARE
Highlights 2012
TREND OF SHARE (INDEXED)
Performance 2012:
150
DES: +32.7%
140
MDAX: +33.9%
130
120
EPRA: +29.2%
110
100
90
30. 30. 29. 31. 30. 31. 30. 31. 31. 30. 31. 30. 31. 31. 28.
Dez Jan Feb Mrz Apr Mai Jun Jul 12 Aug Sep Okt Nov Dez Jan Feb
11 12 12 12 12 12 12 12 12 12 12 12 13 13
Deutsche EPRA MDAX
EuroShop inkl. Dividende
INDEX RANKING (MDAX)
Index ranking
20
MDAX Feb 2013:
25
30 24. (Market Cap)
35 37. (Turnover)
40
45
50
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB
12 13
Rank Turnover Rank Market Cap
4
5. 22.03.2013 ANNUAL EARNINGS CONFERENCE CALL | FY 2012 PRELIMINARY RESULTS
SHOPPING CENTERS
Tenants Structure Top 10 Tenants*
Low level of
dependence on
the top 10 tenants
2012 2011
Metro Group 5.7% 6.0%
Douglas Group 4.6% 4.4%
H&M 2.9% 2.7%
New Yorker 2.2% 2.3%
* in % of total rents as at
Peek & Cloppenburg 2.1% 1.9% 31 December 2012
Deichmann 1.9% 1.9%
C&A 1.8% 1.7%
REWE 1.7% 1.6%
Esprit 1.5% 1.4%
Inditex Group 1.5% 1.4% Other tenants
Total 25.9% 25.3% Total 74.1% 74.7%
5
6. 22.03.2013 ANNUAL EARNINGS CONFERENCE CALL | FY 2012 PRELIMINARY RESULTS
SHOPPING CENTERS
Maturity Distribution of Rental Contracts*
Long-term
contracts
guarantee rental
2013: 2% income
2018 et sqq: Weighted
63% 2014: 7% maturity
7.0 years
2015: 8%
* as % of rental income as at
31 December 2012
2016: 9%
2017: 11%
6
7. 22.03.2013 ANNUAL EARNINGS CONFERENCE CALL | FY 2012 PRELIMINARY RESULTS
FINANCIALS
Target – Performance Comparison
REVENUE EBIT EBT BEFORE VALUATION
€m €m €mn
+1.1%1) +1.1%1) +4.8%1)
211.2 177-181 181.0 95.9
207-211 90-93
Target Actual Target Actual Target Actual
1) in relation to mean value of the
target range
2) Compound Annual Growth Rate
+16%2) +17%2) +19%2)
(CAGR)
211.2 181.0
190.0 165.7
95.9
86.6
144.2 124.0
127.6 110.7
115.3 98.1 63.9
54.9
48.7
2008 2009 2010 2011 2012 2008 2009 2010 2011 2012 2008 2009 2010 2011 2012
7
8. 22.03.2013 ANNUAL EARNINGS CONFERENCE CALL | FY 2012 PRELIMINARY RESULTS
THE TRADE TAX SOLUTION
DES Shoppingcenter GmbH & Co. KG
Buyer of Herold-Center Norderstedt in November 2012
6 SPV´s were merged into DES Shoppingcenter KG in late December 2012
Total assets of €1,143.9 million
Equity of €513.1 million
Deferred taxes of €48.5 million
Bank debt €548.8 million
Other debt €33.5 million
One off costs approx. €6.5 million (taxes €6.2 million)
On average expected 5 years cash tax effect of €-3.3 million p.a.
8
9. 22.03.2013 ANNUAL EARNINGS CONFERENCE CALL | FY 2012 PRELIMINARY RESULTS
FINANCIALS
Balance Sheet
in € thousand 31.12.2012 31.12.2011 Change
Non-current assets 3,365,135 3,139,777 225,358
Current assets 183,719 85,348 98,371
Total assets 3,548,854 3,225,125 323,729
Group equity 1,323,336 1,193,041 130,295
Non controlling interest 284,176 280,078 4,098
Total equity 1,607,512 1,473,119 134,393
Financial liabilieties 1,657,234 1,472,149 185,085
Deferred tax liabilities 179,103 210,587 -31,484
Other liabilities 105,005 69,270 35,735
Total equity and liabilities 3,548,854 3,225,125 323,729
9
21. 22.03.2013 ANNUAL EARNINGS CONFERENCE CALL | FY 2012 PRELIMINARY RESULTS
FINANCIALS
Earnings per Share (EPRA)
2012 per share* 2011 per share*
Consolidated net profit 123,209 €2.37 99,038 €1.92
- IAS 40 valuation -7,197 €-0.13 -47,453 €-0.92
- At-equity valuation 0 €0.00 -94 €0.00
+ Deferred taxes 5,341 €0.10 10,008 €0.19
+ Tax expense for previous years -49,323 €-0.95 0,00 €0.00
EPRA Earnings 72,029 €1.39 61500 €1.19
Number of shares (adj.) 51,934,893 51,631,400
€
2.92
3.00 2.74
2.37
1.49 0.94 2.00 0.03 * = The sum of the earnings per share
2.00 1.92 amounts may not equal the totals
0.95 due to rounding.
0.87 0.88 0.73
0.86 0.54
1.00 0.67
1.13 1.18 1.19 1.39
0.77 0.94 0.98
0.00 -0.30
-1.00 -1.70
-2.00 -0.17
EPRA EPS/Operating result Additional result Valuation result
-3.00
2006 2007 2008 2009 2010 2011 2012
21
22. 22.03.2013 ANNUAL EARNINGS CONFERENCE CALL | FY 2012 PRELIMINARY RESULTS
FINANCIALS
Funds from Operations (FFO)
2012 per share1) 2011 per share1)
Consolidated net profit 123,209 €2.37 99,038 €1.92
- IAS 40 valuation -7,197 €-0.13 -47,453 €-0.92
- At-equity valuation -2 €0.00 -94 €0.00
+ Deferred taxes -28,734 €-0.56 31,606 €0.61
FFO 87,276 €1.68 83,097 €1.61
Number of shares (adj.) 51,934,893 51,631,400
€ +5.0%2)
1.68 1) = The sum of the earnings per share
1.61 amounts may not equal the totals
due to rounding.
2) = Compound Annual Growth Rate
1.38 1.40 1.40 (CAGR)
2008 2009 2010 2011 2012
22
23. 22.03.2013 ANNUAL EARNINGS CONFERENCE CALL | FY 2012 PRELIMINARY RESULTS
SHOPPING CENTER SHARE
Dividend & Performance
Dividend1) Share price2)
1.20 35.00
31.64
30.77
1.15 28.98
28.08 30.00
1.10 1.10 1.103)
1.10 24.30 24.80
23.73 23.50 23.67 25.00
1.05 1.05 1.05 1.05
1.05
19.26
1.00 20.00
1.00
0.96 0.96
15.00
0.95
1) respectively paid for the previous
0.90 10.00
financial year
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2) 2013: as of 19 March 2013
3) at minimum
4) as of 31 December 2012
5) EPRA/NAREIT Europe
6) German government bonds index
PERFORMANCE4)
DES DAX EPRA5) REX6)
1 year (2012) +32.7% +29.1% +29.2% +4.6%
3 years +51.2% = +14.8% p.a. +8.5% p.a. +11.6% p.a. +5.6% p.a.
5 years +66.6% = +10.7% p.a. -1.2% p.a. -0.8% p.a. +6.4% p.a.
Since IPO (2001) +171.8%= +8.7% p.a. +1.4% p.a. +6.6% p.a. +5.3% p.a.
23
24. 22.03.2013 ANNUAL EARNINGS CONFERENCE CALL | FY 2012 PRELIMINARY RESULTS
COMPANY
Outlook
At-equity consolidation
Deconsolidation of
– Altmarkt-Galerie Dresden
– Allee-Center Magdeburg
– City-Arkaden Klagenfurt
– Árkád Pécs
– Phoenix-Center Hamburg
– Stadt-Galerie Passau
Total assets down €-389.5 million to €3,159.3 million
Equity ratio (incl. minorities) moves up from 45.3% to 48.4%
Turnover down by €-54.2 million to €157.1 million
EBIT down by €-49.1 million to €132.3 million
24
25. 22.03.2013 ANNUAL EARNINGS CONFERENCE CALL | FY 2012 PRELIMINARY RESULTS
COMPANY
Outlook
Investments of €15 million for restructurings in 2013
No further refinancings in 2013
New acquisitions?
Further optimisation of tax structure?
Further increase in dividend
25
27. 22.03.2013 ANNUAL EARNINGS CONFERENCE CALL | FY 2012 PRELIMINARY RESULTS
APPENDIX
Retail turnover 2012*
% change rent-to-sales % of % of
Retail sector in 2012 ratio in % sales space
Department stores 1.4 6.1 9.0 15.8
Food 1.4 6.5 9.8 6.3
Fashion textiles -0.6 11.1 27.1 34.4
Shoes & leather goods -1.0 13.5 5.2 6.3
Sports 2.8 8.5 4.2 4.8
Health & Beauty 4.0 7.2 10.4 5.6
General Retail -2.7 10.2 10.7 11.8 * German centers on a like-for-like basis
(turnover: €1.7 billion)
** compares to a turnover development of
Electronics -2.0 2.8 15.2 9.5 +1.9% of the overall German retail
Services 3.1 4.6 4.4 1.5
Food catering 0.4 13.4 4.0 4.0
Total 0.1 8.3 100.0 100.0
retail turnover development abroad on a like-for-like basis: +1.0%
DES-Portfolio overall: +0.2%
absolute turnover development: Germany +5.2%**, Abroad +2.4%
DES-Portfolio overall: +4.7%
27
28. 22.03.2013 ANNUAL EARNINGS CONFERENCE CALL | FY 2012 PRELIMINARY RESULTS
APPENDIX
Correction*
The German Federal Financial Supervisory Authority (BaFin) determined that the
consolidated financial statements of Deutsche EuroShop AG with the reporting date
31 December 2011 are incorrect:
1. The item "Measurement gain/loss" indicated in the consolidated income statement was
€8.3 million too low because merger-related expenses connected to the acquisition of
the Billstedt-Center Hamburg which should have been recognised in financial year 2010
were erroneously recognised in financial year 2011.
This is a violation of IFRS 3.53, which states that the acquirer must recognise all costs
associated with a business combination as an expense during the periods in which they
were incurred. * Publication pursuant to Section 37q (2) (1)
of the Wertpapierhandelsgesetz (WpHG -
German Securities Trading Act)
2. In the 2011 consolidated financial statements, cash inflows in the amount of €155.2
million are recognised in cash flow from operating activities and cash outflows of the
same amount are recognised in cash flow from investment activities, both in connection
with the acquisition of the Billstedt-Center Hamburg, yet no cash inflows or outflows in
this amount actually took place during the period.
This is a violation of IAS 7.10, which specifies that the statement of cash flows must
only include actual cash flows from the reporting period.
28
29. 22.03.2013 ANNUAL EARNINGS CONFERENCE CALL | FY 2012 PRELIMINARY RESULTS
APPENDIX
Key Data of the Share
Listed since 02.01.2001
Nominal capital €53,945,536.00
Outstanding shares 53,945,536
Class of shares Registered shares
Dividend 2012 (21.06.2013) €1.xx
52W High €32.45
52W Low €25.36
Share price (20.03.2013) €30.77
Market capitalisation €1.66 billion
avg. turnover per day last 12 months (XETRA) 128,200 shares
MDAX, EPRA, GPR, MSCI Small Cap,
Indices
EURO STOXX, STOXX Europe 600
Prime Standard
Official market
Frankfurt and XETRA
Berlin-Bremen, Dusseldorf, Hamburg,
OTC market
Hanover, Munich and Stuttgart
ISIN DE 000 748 020 4
Ticker DEQ, Reuters: DEQGn.DE
Market maker Close Brothers Seydler
29
30. 22.03.2013 ANNUAL EARNINGS CONFERENCE CALL | FY 2012 PRELIMINARY RESULTS
APPENDIX
Financial Calendar
2013
21.03. Preliminary Results FY 2012 14.08. Interim report H1 2013
11.- Bank of America Merrill Lynch Global
27.03. Roadshow London, Bankhaus Metzler
.12.09. Real Estate Conference, New York
UBS Best of Germany Conference, New
27.03. Roadshow Geneva, Berenberg 16.09.
York
Lampe Deutschland Conference, Berenberg Bank and Goldman Sachs
11.-12.04. 23.09.
Baden-Baden German Corporate Conference, München
26.04. Publication of the Annual Report 2012
26.09. Baader Investment Conference, München
29.04. Roadshow Frankfurt, Deutsche Bank
Interim report 9M 2013
15.05. Interim report Q1 2013 13.11.
Kempen & Co. European Property Roadshow London, Bank of America
29.05. 14.11.
Seminar, Amsterdam Merrill Lynch
04.06. Roadshow Paris, Bankhaus Metzler Bankhaus Lampe Hamburg Investment
27.-28.11.
Conference, Hamburg
06.06. Roadshow Milan, Société Générale
M.M. Warburg Highlights Conference,
06.-07.06.
Hamburg
20.06. Annual General Meeting, Hamburg
30
31. 22.03.2013 ANNUAL EARNINGS CONFERENCE CALL | FY 2012 PRELIMINARY RESULTS
APPENDIX
Contact
Deutsche EuroShop AG
Investor & Public Relations
Oderfelder Straße 23
20149 Hamburg
Tel. +49 (40) 41 35 79 - 20 / -22
Fax +49 (40) 41 35 79 - 29 Claus-Matthias Böge
Chief Executive Officer
E-Mail: ir@deutsche-euroshop.com
Web: www.deutsche-euroshop.com
ir-mall.com
facebook.com/euroshop
flickr.com/desag
Olaf G. Borkers
slideshare.net/desag Chief Financial Officer
twitter.com/des_ag
youtube.com/DeutscheEuroShop
Important Notice: Forward-Looking Statements
Statements in this presentation relating to future status or circumstances, including
statements regarding management’s plans and objectives for future operations, sales and Patrick Kiss
earnings figures, are forward-looking statements of goals and expectations based on Head of Investor & Public Relations
estimates, assumptions and the anticipated effects of future events on current and developing
circumstances and do not necessarily predict future results.
Many factors could cause the actual results to be materiallydifferent from those that may be
expressed or implied bysuch statements.
Deutsche EuroShop does not intend to update these forward-looking statements and does
not assume any obligation to do so.
Nicolas Lissner
Manager Investor & Public Relations
31