The document provides an overview of preliminary results for fiscal year 2022 for DES Group. Key points include:
- Rent collection was 99% with limited rent concessions. Occupancy remained high at 94.3%.
- Solid cash position of €335M and low loan-to-value of 30.3% as of end of 2022.
- FFO for 2022 exceeded guidance at €2.11 per share. FFO for 2023 is forecast between €2.00-€2.10 per share.
- A capital increase was conducted in January 2023 to finance the acquisition of additional minority stakes in shopping centers, strengthening the financial profile.
Deutsche EuroShop | Conference Call Presentation - Quarterly Statement 3M 2022Deutsche EuroShop AG
- The document summarizes a company's quarterly statement conference call from May 13, 2022.
- Rent collection rates were high at 99% for Q1 2022 with limited concessions. Financial position remains solid with €357M cash on hand.
- Forecast for 2022 FFO per share is between €1.95-€2.05, assuming no further lockdowns or restrictions.
- Footfall and retail sales are recovering but still impacted by the pandemic. EBIT increased 24.9% in Q3 2022 compared to last year.
The document provides an overview of a company's business activities and forecast for 2023. It summarizes that in 2022 the company had a 99% rent collection ratio and 94.3% occupancy rate. It forecasts that FFO in 2023 will increase over 20% to between €153-160 million, and FFO per share will be between €2.00-€2.10. The forecast is conditional on no further impact from the war in Ukraine or energy crisis in 2023.
- The company reported preliminary results for FY 2023 with increased revenue, FFO, and operating performance compared to FY 2022 despite a negative valuation result. Revenue was up 28.4% to €273.3m and FFO increased 31.7% to €171.3m.
- Key performance indicators like footfall and retail sales increased in 2023 compared to 2022 and the company strengthened its balance sheet by acquiring minority interests in shopping centers.
- However, the valuation of investment properties decreased due to rising yields and a muted transaction market, resulting in a valuation loss of €209.1m for FY 2023.
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.
The document summarizes a conference call about the company's preliminary results for fiscal year 2020. It discusses:
- Footfall and tenant turnover in shopping centers were down significantly due to continued lockdowns, recovering to 60-80% of normal levels after reopening. Rent collection was 89% for 2020 but dropped to around 60% in January/February 2021.
- The valuation of investment properties decreased significantly due to higher yields and rent/reletting expectations. EBIT declined 18.3% due to rent concessions and higher allowance for doubtful accounts.
- Regulations continued to vary across markets but generally included restrictions like curfews, shop closures, and limits on customers. An update on business
The document provides an update on business activities and preliminary financial results for fiscal year 2021. It discusses rents, with collection ratios of 95% in 2021 and 99% YTD 2022. Financials and liquidity remain solid with €329M cash on hand as of December 2021 and successful refinancing activities. The forecast for FY2022 is FFO between €1.95-€2.05 per share, conditional on no further lockdowns. Footfall and retail turnover improved throughout 2021 but remain below pre-pandemic levels. Rent collection rates stabilized at 95% for 2021 and 99% YTD 2022.
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.
- Key highlights include a strong comeback in operational business with footfall and retail sales above 2019 levels, and revenue and funds from operations increasing 34.5% and 28.1% respectively compared to the same period in 2022.
- The company has a solid balance sheet with a low loan-to-value ratio of 32.4% and €280.6 million in cash, and expects to increase funds from operations per share by over 20% for the full year 2023.
This document provides a summary of a company presentation for February 2024. It discusses the company's strong comeback in operational business with increasing footfall and retail sales. Financially, the company has a low loan-to-value ratio and strong cash position. The company expects continued improvement in operational business for 2023 and forecasts its FFO for the year to increase by over 20% compared to 2022.
Deutsche EuroShop | Conference Call Presentation - Quarterly Statement 3M 2022Deutsche EuroShop AG
- The document summarizes a company's quarterly statement conference call from May 13, 2022.
- Rent collection rates were high at 99% for Q1 2022 with limited concessions. Financial position remains solid with €357M cash on hand.
- Forecast for 2022 FFO per share is between €1.95-€2.05, assuming no further lockdowns or restrictions.
- Footfall and retail sales are recovering but still impacted by the pandemic. EBIT increased 24.9% in Q3 2022 compared to last year.
The document provides an overview of a company's business activities and forecast for 2023. It summarizes that in 2022 the company had a 99% rent collection ratio and 94.3% occupancy rate. It forecasts that FFO in 2023 will increase over 20% to between €153-160 million, and FFO per share will be between €2.00-€2.10. The forecast is conditional on no further impact from the war in Ukraine or energy crisis in 2023.
- The company reported preliminary results for FY 2023 with increased revenue, FFO, and operating performance compared to FY 2022 despite a negative valuation result. Revenue was up 28.4% to €273.3m and FFO increased 31.7% to €171.3m.
- Key performance indicators like footfall and retail sales increased in 2023 compared to 2022 and the company strengthened its balance sheet by acquiring minority interests in shopping centers.
- However, the valuation of investment properties decreased due to rising yields and a muted transaction market, resulting in a valuation loss of €209.1m for FY 2023.
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.
The document summarizes a conference call about the company's preliminary results for fiscal year 2020. It discusses:
- Footfall and tenant turnover in shopping centers were down significantly due to continued lockdowns, recovering to 60-80% of normal levels after reopening. Rent collection was 89% for 2020 but dropped to around 60% in January/February 2021.
- The valuation of investment properties decreased significantly due to higher yields and rent/reletting expectations. EBIT declined 18.3% due to rent concessions and higher allowance for doubtful accounts.
- Regulations continued to vary across markets but generally included restrictions like curfews, shop closures, and limits on customers. An update on business
The document provides an update on business activities and preliminary financial results for fiscal year 2021. It discusses rents, with collection ratios of 95% in 2021 and 99% YTD 2022. Financials and liquidity remain solid with €329M cash on hand as of December 2021 and successful refinancing activities. The forecast for FY2022 is FFO between €1.95-€2.05 per share, conditional on no further lockdowns. Footfall and retail turnover improved throughout 2021 but remain below pre-pandemic levels. Rent collection rates stabilized at 95% for 2021 and 99% YTD 2022.
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.
- Key highlights include a strong comeback in operational business with footfall and retail sales above 2019 levels, and revenue and funds from operations increasing 34.5% and 28.1% respectively compared to the same period in 2022.
- The company has a solid balance sheet with a low loan-to-value ratio of 32.4% and €280.6 million in cash, and expects to increase funds from operations per share by over 20% for the full year 2023.
This document provides a summary of a company presentation for February 2024. It discusses the company's strong comeback in operational business with increasing footfall and retail sales. Financially, the company has a low loan-to-value ratio and strong cash position. The company expects continued improvement in operational business for 2023 and forecasts its FFO for the year to increase by over 20% compared to 2022.
Deutsche EuroShop | Conference Call Presentation - Half Year Financial Report...Deutsche EuroShop AG
- Footfall and tenant turnover in the company's shopping centers recovered significantly in Q2 2021 compared to Q1 2021 but remained below pre-pandemic levels. Rent collection rates also improved but concessions were still being negotiated.
- The company reported revenues of €104.9 million in H1 2021, down 6.5% year-over-year due to the pandemic's impact. EBIT decreased 10.2% to €70.5 million and EBT excluding valuation was down 10.2% to €55.7 million.
- Shopping center operations continued to be affected by lockdowns and restrictions across the company's markets in Europe, although regulations were gradually easing in most countries. The company
This document provides an overview of a company's business development, financing activities, shopping center portfolio, and financial results for the first nine months of 2023. Some key points:
- Retail sales and footfall increased compared to 2022, surpassing 2019 levels. Revenue was up 28.1% and funds from operations increased 34.5% for the first nine months.
- The company has a low loan-to-value ratio of 32.4% and a strong cash position. Recent follow-on financings were completed in 2023 for a total of €221 million.
- Independent appraisals showed a slight decrease in property values in the first half of 2023 due to market changes, though
The document provides a performance update for October 2022. Key highlights include:
- Premium growth of 10.1-42.3% year-over-year across metrics like new business sum assured, premium, and APE.
- Protection business saw growth of 22.2-35.2% with a market share of 15.7%.
- Persistency improved across cohorts from 13-200 basis points.
- Value of new business grew 25.1% to Rs. 10.92 billion with margins expanding 300 basis points to 31%.
Deutsche EuroShop | Conference Call Presentation - Half Year Financial Report...Deutsche EuroShop AG
The document provides an update on business activities for a company's half-year financial report in 2022. It discusses positive collection rates and a solid cash position. It also forecasts FFO per share between €1.95-€2.05 for 2022, conditional on no major impacts from the war in Ukraine or energy crisis. Footfall and retail turnover in shopping centers are nearing pre-pandemic levels. The company has refinanced successfully and met all financial covenants. EPRA earnings increased 12% to €60.8 million compared to last year.
Presentation accompanying the FY 2022 call for investors and analysts on February 24, 2023
Full BASF Report 2022 online available at https://basf.com/report
The document provides an overview of a company's business activities and financial results for the first half of 2023. Some key points:
- Retail sales and footfall increased compared to the first half of 2022 and were back to 2019 levels. Revenue and funds from operations also increased.
- The property portfolio valuation was stable at €4.2 billion, with an occupancy rate of 94%.
- Refinancing was completed in 2023 and the company has a long weighted maturity of debt and low loan-to-value ratio.
- The dividend paid in September was €191.2 million and funds from operations for 2023 is expected to increase over 20% compared to 2022.
Deutsche EuroShop | Conference Call Presentation - Quarterly Statement 9M 2021Deutsche EuroShop AG
Footfall and retail turnover have improved quarter-over-quarter in 2021 but remain below pre-pandemic levels. Rent collection rates have also improved and reached 98% in Q3 2021. The company forecasts FFO per share between €1.70-€1.90 for full year 2021, conditional on no further lockdowns. Valuation of investment properties remained nearly unchanged in 9M 2021 due to a lack of market transactions, while net initial yields were largely stable. EPRA earnings declined slightly to €88.2 million or €1.43 per share for the first nine months of 2021.
The document provides an overview of a company's business activities from February 2023. It discusses strong rent collection and occupancy rates. It also notes a solid cash position and meeting of financial covenants. Forecasts for 2022 include FFO per share between €1.95-€2.05 and conditions for forecasts being met. The document also summarizes updates on digital initiatives, new tenants, and a positive valuation result.
This document provides a summary of a company presentation from November 2022. It discusses positive performance in rents, with a 98% collection ratio and 94% occupancy rate. Financially, the company has a solid cash position of €321M and low loan-to-value of 30.1%. Forecasts for 2022 include FFO per share between €1.95-€2.05. The impacts of the pandemic on footfall and retail sales are presented. The digital mall platform connects over 1,100 stores offering over 3.5M products. The portfolio has a weighted lease maturity of 5 years and low dependence on top tenants.
This document provides a summary of Company's business activities as of September 2022. Rent collection was 98% with high occupancy of 94%. Finances are solid with €321M cash and low 30.1% LTV. Footfall and retail sales are recovering from pandemic impacts. The digital mall connects over 1,100 stores offering 3.5M products. Forecasted FFO for 2022 is between €1.95-€2.05 per share assuming no further pandemic or energy crisis impacts.
Bayer hosted an investor conference call to report its Q2 2022 results and raise its full-year 2022 guidance. Key highlights include:
- Q2 sales increased 18% to €12.8 billion driven by double-digit growth across all divisions.
- Full-year 2022 group sales are expected to increase to €47-48 billion and EBITDA margin is forecast at 26-27%.
- Crop Science sales increased 29% in Q2 and full-year growth is expected to be around 13%. Strong pricing is outpacing cost inflation.
- Pharmaceuticals and Consumer Health also posted sales growth in Q2 and their full-year outlooks were increased.
- Higher sales and
- Footfall and tenant sales at the company's shopping centers recovered throughout 2021 but remained below pre-pandemic levels. Rent collection rates improved to over 90% after concessions.
- The company has a strong cash position and refinanced debt successfully in 2021. It forecasts FFO per share between €1.70-1.90 for 2021 assuming no further lockdowns.
- The company is increasing its focus on digital initiatives like its Digital Mall e-commerce platform to connect online and offline commerce.
Hans-Peter Kneip introduces himself as the new member of the Executive Board of Deutsche EuroShop AG. The company's operations proceeded according to plan in the first nine months of 2022, with revenue increasing slightly to €158.7 million and net operating income rising 8.9% to €123.9 million. Earnings before interest and taxes were unchanged at €111.5 million, while earnings before tax increased 4.3% to €94.4 million excluding measurement gains and losses. Consolidated profit rose significantly by 46.6% to €64.6 million, driven mainly by lower measurement gains compared to the previous year.
- The company reported a 98% rent collection ratio and 94% occupancy rate for the first 9 months of 2022, with a solid cash position of €321M.
- Footfall and retail turnover in the company's shopping centers have stabilized after being impacted by the pandemic, reaching 88% and 90.4% of pre-pandemic levels respectively in Q3 2022.
- The company forecasts FFO per share for 2022 to be between €1.95-€2.05, conditional on no further impacts from the war in Ukraine or energy crisis.
This document provides a summary of company operations, financials, and outlook as of June 2021. Footfall and tenant turnover were down substantially in Q1 2021 due to continued lockdowns, recovering to 60-80% of normal levels after reopening. Rent collection in January-May 2021 was 72% after concessions. The company has a solid cash position of €244M and is negotiating loan prolongations. No forecast for 2021 is possible due to pandemic uncertainty. Shopping centers remain under various lockdown restrictions. The Digital Mall online platform now has over 3M products listed from more than 800 stores. Refinancing and leasing activities remain key focus areas in the coming months.
This document provides an update on business activities from a March 2022 company presentation. It summarizes footfall and tenant turnover recovering from 2021 lows due to the pandemic but still below pre-pandemic levels. Rent collection rates improved to 98% in Q3 2021. Financial measures include solid cash reserves and refinancing completed in 2021. The forecast for FY2021 is FFO between €1.70-€1.90 per share depending on no further lockdowns.
- Revenue and profits were down for the company in the first three quarters of 2021 compared to the same period in 2020, due to the ongoing impacts of the coronavirus pandemic including store closures.
- Customer footfall and tenant revenues at the company's shopping centers recovered significantly in Q3 2021 as restrictions eased, reaching 75% and 90% of pre-pandemic levels respectively.
- The company expects its funds from operations to be between €1.70 to €1.90 per share for 2021, assuming no new significant restrictions on store operations or fresh closures, and a continued recovery in tenant revenues.
- While property values declined slightly overall, the company remains optimistic about the continued recovery in business
The document provides a trading update for Delivery Hero for Q2 2022, with the following key highlights:
- Strong GMV and revenue growth in Q2 2022 despite Covid reopening impacts. Contribution margin for own-delivery reached a new record high and is positive for all regional segments.
- Asia Platform business achieved break-even on an adjusted EBITDA level for the first time in Q2 2022.
- Integrated Verticals saw continued strong GMV and revenue growth in Q2 2022.
Annual Report 2022 construction and enviromental impactssuserabef7e
This document provides a summary of Buzzi Unicem's 2022 annual report. It discusses the company's shares, shareholders, and key performance indicators. It also provides a business review covering the unfavorable global economic conditions in 2022 due to high inflation, geopolitical uncertainties from the Ukraine war, and monetary tightening. The slowdown affected advanced economies and global trade. Economic growth is expected to remain positive in 2023 but weaken from 2022 levels.
Deutsche EuroShop | Conference Call Presentation - Half Year Financial Report...Deutsche EuroShop AG
- Footfall and tenant turnover in the company's shopping centers recovered significantly in Q2 2021 compared to Q1 2021 but remained below pre-pandemic levels. Rent collection rates also improved but concessions were still being negotiated.
- The company reported revenues of €104.9 million in H1 2021, down 6.5% year-over-year due to the pandemic's impact. EBIT decreased 10.2% to €70.5 million and EBT excluding valuation was down 10.2% to €55.7 million.
- Shopping center operations continued to be affected by lockdowns and restrictions across the company's markets in Europe, although regulations were gradually easing in most countries. The company
This document provides an overview of a company's business development, financing activities, shopping center portfolio, and financial results for the first nine months of 2023. Some key points:
- Retail sales and footfall increased compared to 2022, surpassing 2019 levels. Revenue was up 28.1% and funds from operations increased 34.5% for the first nine months.
- The company has a low loan-to-value ratio of 32.4% and a strong cash position. Recent follow-on financings were completed in 2023 for a total of €221 million.
- Independent appraisals showed a slight decrease in property values in the first half of 2023 due to market changes, though
The document provides a performance update for October 2022. Key highlights include:
- Premium growth of 10.1-42.3% year-over-year across metrics like new business sum assured, premium, and APE.
- Protection business saw growth of 22.2-35.2% with a market share of 15.7%.
- Persistency improved across cohorts from 13-200 basis points.
- Value of new business grew 25.1% to Rs. 10.92 billion with margins expanding 300 basis points to 31%.
Deutsche EuroShop | Conference Call Presentation - Half Year Financial Report...Deutsche EuroShop AG
The document provides an update on business activities for a company's half-year financial report in 2022. It discusses positive collection rates and a solid cash position. It also forecasts FFO per share between €1.95-€2.05 for 2022, conditional on no major impacts from the war in Ukraine or energy crisis. Footfall and retail turnover in shopping centers are nearing pre-pandemic levels. The company has refinanced successfully and met all financial covenants. EPRA earnings increased 12% to €60.8 million compared to last year.
Presentation accompanying the FY 2022 call for investors and analysts on February 24, 2023
Full BASF Report 2022 online available at https://basf.com/report
The document provides an overview of a company's business activities and financial results for the first half of 2023. Some key points:
- Retail sales and footfall increased compared to the first half of 2022 and were back to 2019 levels. Revenue and funds from operations also increased.
- The property portfolio valuation was stable at €4.2 billion, with an occupancy rate of 94%.
- Refinancing was completed in 2023 and the company has a long weighted maturity of debt and low loan-to-value ratio.
- The dividend paid in September was €191.2 million and funds from operations for 2023 is expected to increase over 20% compared to 2022.
Deutsche EuroShop | Conference Call Presentation - Quarterly Statement 9M 2021Deutsche EuroShop AG
Footfall and retail turnover have improved quarter-over-quarter in 2021 but remain below pre-pandemic levels. Rent collection rates have also improved and reached 98% in Q3 2021. The company forecasts FFO per share between €1.70-€1.90 for full year 2021, conditional on no further lockdowns. Valuation of investment properties remained nearly unchanged in 9M 2021 due to a lack of market transactions, while net initial yields were largely stable. EPRA earnings declined slightly to €88.2 million or €1.43 per share for the first nine months of 2021.
The document provides an overview of a company's business activities from February 2023. It discusses strong rent collection and occupancy rates. It also notes a solid cash position and meeting of financial covenants. Forecasts for 2022 include FFO per share between €1.95-€2.05 and conditions for forecasts being met. The document also summarizes updates on digital initiatives, new tenants, and a positive valuation result.
This document provides a summary of a company presentation from November 2022. It discusses positive performance in rents, with a 98% collection ratio and 94% occupancy rate. Financially, the company has a solid cash position of €321M and low loan-to-value of 30.1%. Forecasts for 2022 include FFO per share between €1.95-€2.05. The impacts of the pandemic on footfall and retail sales are presented. The digital mall platform connects over 1,100 stores offering over 3.5M products. The portfolio has a weighted lease maturity of 5 years and low dependence on top tenants.
This document provides a summary of Company's business activities as of September 2022. Rent collection was 98% with high occupancy of 94%. Finances are solid with €321M cash and low 30.1% LTV. Footfall and retail sales are recovering from pandemic impacts. The digital mall connects over 1,100 stores offering 3.5M products. Forecasted FFO for 2022 is between €1.95-€2.05 per share assuming no further pandemic or energy crisis impacts.
Bayer hosted an investor conference call to report its Q2 2022 results and raise its full-year 2022 guidance. Key highlights include:
- Q2 sales increased 18% to €12.8 billion driven by double-digit growth across all divisions.
- Full-year 2022 group sales are expected to increase to €47-48 billion and EBITDA margin is forecast at 26-27%.
- Crop Science sales increased 29% in Q2 and full-year growth is expected to be around 13%. Strong pricing is outpacing cost inflation.
- Pharmaceuticals and Consumer Health also posted sales growth in Q2 and their full-year outlooks were increased.
- Higher sales and
- Footfall and tenant sales at the company's shopping centers recovered throughout 2021 but remained below pre-pandemic levels. Rent collection rates improved to over 90% after concessions.
- The company has a strong cash position and refinanced debt successfully in 2021. It forecasts FFO per share between €1.70-1.90 for 2021 assuming no further lockdowns.
- The company is increasing its focus on digital initiatives like its Digital Mall e-commerce platform to connect online and offline commerce.
Hans-Peter Kneip introduces himself as the new member of the Executive Board of Deutsche EuroShop AG. The company's operations proceeded according to plan in the first nine months of 2022, with revenue increasing slightly to €158.7 million and net operating income rising 8.9% to €123.9 million. Earnings before interest and taxes were unchanged at €111.5 million, while earnings before tax increased 4.3% to €94.4 million excluding measurement gains and losses. Consolidated profit rose significantly by 46.6% to €64.6 million, driven mainly by lower measurement gains compared to the previous year.
- The company reported a 98% rent collection ratio and 94% occupancy rate for the first 9 months of 2022, with a solid cash position of €321M.
- Footfall and retail turnover in the company's shopping centers have stabilized after being impacted by the pandemic, reaching 88% and 90.4% of pre-pandemic levels respectively in Q3 2022.
- The company forecasts FFO per share for 2022 to be between €1.95-€2.05, conditional on no further impacts from the war in Ukraine or energy crisis.
This document provides a summary of company operations, financials, and outlook as of June 2021. Footfall and tenant turnover were down substantially in Q1 2021 due to continued lockdowns, recovering to 60-80% of normal levels after reopening. Rent collection in January-May 2021 was 72% after concessions. The company has a solid cash position of €244M and is negotiating loan prolongations. No forecast for 2021 is possible due to pandemic uncertainty. Shopping centers remain under various lockdown restrictions. The Digital Mall online platform now has over 3M products listed from more than 800 stores. Refinancing and leasing activities remain key focus areas in the coming months.
This document provides an update on business activities from a March 2022 company presentation. It summarizes footfall and tenant turnover recovering from 2021 lows due to the pandemic but still below pre-pandemic levels. Rent collection rates improved to 98% in Q3 2021. Financial measures include solid cash reserves and refinancing completed in 2021. The forecast for FY2021 is FFO between €1.70-€1.90 per share depending on no further lockdowns.
- Revenue and profits were down for the company in the first three quarters of 2021 compared to the same period in 2020, due to the ongoing impacts of the coronavirus pandemic including store closures.
- Customer footfall and tenant revenues at the company's shopping centers recovered significantly in Q3 2021 as restrictions eased, reaching 75% and 90% of pre-pandemic levels respectively.
- The company expects its funds from operations to be between €1.70 to €1.90 per share for 2021, assuming no new significant restrictions on store operations or fresh closures, and a continued recovery in tenant revenues.
- While property values declined slightly overall, the company remains optimistic about the continued recovery in business
The document provides a trading update for Delivery Hero for Q2 2022, with the following key highlights:
- Strong GMV and revenue growth in Q2 2022 despite Covid reopening impacts. Contribution margin for own-delivery reached a new record high and is positive for all regional segments.
- Asia Platform business achieved break-even on an adjusted EBITDA level for the first time in Q2 2022.
- Integrated Verticals saw continued strong GMV and revenue growth in Q2 2022.
Annual Report 2022 construction and enviromental impactssuserabef7e
This document provides a summary of Buzzi Unicem's 2022 annual report. It discusses the company's shares, shareholders, and key performance indicators. It also provides a business review covering the unfavorable global economic conditions in 2022 due to high inflation, geopolitical uncertainties from the Ukraine war, and monetary tightening. The slowdown affected advanced economies and global trade. Economic growth is expected to remain positive in 2023 but weaken from 2022 levels.
Similar to Deutsche EuroShop | Preliminary Results FY 2022 (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.
- 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.
- Key financial metrics like NOI, EBIT, EBT and FFO all increased compared to the prior year period. FFO saw the lowest growth of 16.8% but still rose from €111 million to €129.7 million.
- A pro forma comparison accounting for a constant portfolio scope showed more moderate growth rates for revenue (+2.9%), NOI (+3.5%) and EBT (+24.1%) but still
- Deutsche EuroShop recorded revenue growth of 28.1% in the first half of 2023 compared to the same period in 2022, driven by acquisitions of additional shares in shopping centers.
- Net operating income increased by 27.8% due to higher revenue and lower write-downs on rent receivables.
- 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.
- Revenue increased 30.2% to €67.8 million due to the acquisition of additional minority interests in shopping centers.
- EBIT rose 46.2% to €57.4 million and EBT excluding measurement gains/losses increased 36.4% to €45.5 million.
- 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.
Cleades Robinson, a respected leader in Philadelphia's police force, is known for his diplomatic and tactful approach, fostering a strong community rapport.
World economy charts case study presented by a Big 4
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UnityNet World Environment Day Abraham Project 2024 Press ReleaseLHelferty
June 12, 2024 UnityNet International (#UNI) World Environment Day Abraham Project 2024 Press Release from Markham / Mississauga, Ontario in the, Greater Tkaronto Bioregion, Canada in the North American Great Lakes Watersheds of North America (Turtle Island).
Methanex is the world's largest producer and supplier of methanol. We create value through our leadership in the global production, marketing and delivery of methanol to customers. View our latest Investor Presentation for more details.
ZKsync airdrop of 3.6 billion ZK tokens is scheduled by ZKsync for next week.pdfSOFTTECHHUB
The world of blockchain and decentralized technologies is about to witness a groundbreaking event. ZKsync, the pioneering Ethereum Layer 2 network, has announced the highly anticipated airdrop of its native token, ZK. This move marks a significant milestone in the protocol's journey, empowering the community to take the reins and shape the future of this revolutionary ecosystem.
The E-Way Bill revolutionizes logistics by digitizing the documentation of goods transport, ensuring transparency, tax compliance, and streamlined processes. This mandatory, electronic system reduces delays, enhances accountability, and combats tax evasion, benefiting businesses and authorities alike. Embrace the E-Way Bill for efficient, reliable transportation operations.
2. COMPANY
Update on Business Activities – Summary
CONFERENCE CALL - PRELIMINARY RESULTS FY 2022 | 22 MARCH 2023
2
RENTS
Collection ratio 2022: 99%, very limited rent concessions
Occupancy rate 2022: continued high level of 94.3%
FINANCING AND LIQUIDITY
Solid cash position DES Group: €335m as of 31 December 2022
Low LTV of 30.3% as of 31 December 2022
Refinancings 2023 done, €221m in total
All financial covenants met as of 31 December 2022
3. COMPANY
Update on Business Activities – Summary
CONFERENCE CALL - PRELIMINARY RESULTS FY 2022 | 22 MARCH 2023
3
FORECAST FY 2023
FFO 2022: €2.11 per share, exceeding DES guidance
2023 first year without Covid-related restrictions
Strengthened return profile following the acquisition of further minority
interests in shopping centers, with FFO expected to increase by over
20% to €153m to €160m
Forecast: FFO 2023 between €2.00 and €2.10 per share (taking into
account initial full equity financing and 76.5m shares after the capital
increase in early 2023)
Forecast conditional upon no further impact by war in Ukraine or
energy crisis in 2023
4. SHARE
Details of the Capital Increase
CONFERENCE CALL - PRELIMINARY RESULTS FY 2022 | 22 MARCH 2023
4
DES acquired certain minority interests in six shopping centers in
which DES already was invested but which were not fully owned:
− Allee-Center Magdeburg
− Forum Wetzlar
− Galeria Baltycka Gdansk
− Phoenix-Center Hamburg
− Saarpark-Center Neunkirchen
− Stadt-Galerie Passau
Advantages of the streamlining of the portfolio structure:
− Strengthening of DES’ financial profile, especially from a
financing perspective
− Strengthening the ability to distribute dividends in the future and
to increase the flexibility with regards to potential adjustments of
our portfolio
Visitors in 2021:
Visitors in 2021:
5. SHARE
Visitors in 2021:
Visitors in 2021:
Details of the Capital Increase
CONFERENCE CALL - PRELIMINARY RESULTS FY 2022 | 22 MARCH 2023
5
Acquisition of the minority interests in the six shopping centers (total
purchase price approx. €303.3m) settled in Feb. 2023.
Capital increase with subscription rights (“rights issue”)
Subscription price was €21.50 per new share, ratio was 21:5.
Subscription period was from 17 until 30 Jan. 2023
Before the rights issue, DES’s share capital amounted to 61,783,594
shares. DES issued 14,680,725 new shares, resulting in a new total
of 76,464,319 issued shares, representing a capital increase of
around 23.8% of the issued shares before the capital increase
The new shares carry full dividend rights from 1 Jan. 2022 like all
other DES shares currently outstanding
6. SHARE
Details of the Capital Increase
CONFERENCE CALL - PRELIMINARY RESULTS FY 2022 | 22 MARCH 2023
6
Visitors in 2021:
Visitors in 2021:
7. SHOPPING CENTERS
2023
2022
2020 2021
Corona Impact – Footfall
7
Development of the daily footfall compared to the average of the respective month in 2019
1 means “2G" access to shops only for vaccinated and recovered persons (except basic supplies) / introduced between 24 Nov. and 8 Dec. depending on the federal state / abolished in mid-February 2022 and “Hard” lockdown
in Austria between 22 Nov. and 12 Dec. 2021
Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec Jan Feb
Lockdown Reopening Limited Operation Lockdown Reopening
90%
Limited Operation1
CONFERENCE CALL - PRELIMINARY RESULTS FY 2022 | 22 MARCH 2023
8. SHOPPING CENTERS
2022
2020 2021
Corona Impact – Retail Turnover1
CONFERENCE CALL - PRELIMINARY RESULTS FY 2022 | 22 MARCH 2023
8
Development of retail turnover of centers in Germany compared to 2019
1 Source: ECE / percentages shown until and incl. Q2-2021 relate to all centers managed by ECE in Germany, from Q3-2021 onwards, the data only refer to the DES portfolio / nominal sales development, not adjusted for
inflation / in Euro (with exchange rate effects)
85.8%
59.5%
88.7%
73.6%
35.1%
57.6%
88.0%
83.7%
75.0%
90.4%
93.8% 93.2%
0.0%
20.0%
40.0%
60.0%
80.0%
100.0%
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
incl. intern.
portfolio:
90.4%
incl. intern.
portfolio:
84.8% incl. intern.
portfolio:
78.6%
incl. intern.
portfolio:
93.6%
incl. intern.
portfolio:
101.7%
incl. intern.
portfolio:
96.5%
incl. intern.
portfolio:
95.0%
10. SHOPPING CENTERS
Maturity Distribution of Rental Contracts1
CONFERENCE CALL - PRELIMINARY RESULTS FY 2022 | 22 MARCH 2023
10
1 As % of rental income as at 31 December 2022
Weighted maturity 5.0 years
( 2021: 5.3 years)
Long-term contracts base
rental income
Occupancy rate: 94%
(2021: 94%)
5%
12%
11%
17%
12%
43%
2028 ET SQQ
2026
2025
2024
2023
2027
11. SHOPPING CENTERS
Low level of dependence on the Top 10 Tenants1
Tenant Structure – Top 10 Tenants
CONFERENCE CALL - PRELIMINARY RESULTS FY 2022 | 22 MARCH 2023
11
1 In % of total retail rents as at 31 Dec. 2022
79%
21%
Top 10 Tenants
20221 2021
H&M 2.8% 2.8%
Peek & Cloppenburg 2.6% 2.5%
Ceconomy 2.4% 2.4%
New Yorker 2.3% 2.2%
Deichmann 2.3% 2.2%
C&A 2.2% 2.1%
Douglas 1.9% 2.0%
TK Maxx 1.8% 1.5%
dm-drogerie markt 1.6% 1.5%
Thalia 1.5% 1.5%
Total 21.4% 20.7%
12. SHOPPING CENTERS
Sector Mix1
CONFERENCE CALL - PRELIMINARY RESULTS FY 2022 | 22 MARCH 2023
12
1 As % of rental space as at 31 December 2022
Fashion
49.4%
Non-food/electronics
17.7%
Department stores &
hypermarkets
9.0%
Food & supermarkets
7.0%
Health & beauty
6.6%
Catering
5.0%
Leisure &
entertainment
3.4%
Services
1.9%
Balanced sector
diversification
13. FINANCIALS
Valuation1 – Investment Properties 31 December 2022
CONFERENCE CALL - PRELIMINARY RESULTS FY 2022 | 22 MARCH 2023
13
1 External appraisers: JLL (since 2015) | 2 Attributable to group shareholders
3 Nominal rate of rent increases using the DCF method during the 10-year measurement period, including inflation-related rent indexing and changes in the occupancy rate
Valuation result negative in a changed market environment
Inflation and interest increases cause an increase in NIY
Adjusted expectations for market rents and reletting periods
in € thousand Basis Change of -25bps Change of +25bps
Rent increase rates3
1.77% -94.5 +139.8
Discount rate 6.90% +64.3 -67.5
Capitalization rate 5.32% +106.2 -98.7
Basis Change of -100bps Change of +100bps
Cost ratio 12.51% +40.7 -35.0
Sensitivity Analysis
5.98 5.97 5.87
5.46
5.24 5.23 5.32 5.43
5.73 5.78
6.37
5.7 5.69
5.53
5.13
4.94 4.93 5.01 5.12
5.41 5.45
6.01
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Net operating yield in % Net initial yield in %
in € thousand 2022 2021 CHANGE
Revaluation -103,042 -62,323 -40,719
Revaluation at-equity -16,604 4,092 -20,696
Minority interest 13,296 3,502 9,794
Valuation result before taxes -106,350 -54,729 -51,621
Deferred taxes 18,661 8,723 9,938
Valuation result after taxes2
-87,689 -46,006 -41,683
14. FINANCIALS
Revenues
14
Revenue
in € million
1 “Look through” (calculated on the basis of the group share) | 2 Consolidated | 3 In 2020, there was a change in the disclosure of revenue with an adjustment of the prior-year figures for 2019. The property tax and building
insurance charges are no longer reported on a net basis. A comparison with 2018 is therefore only possible to a limited extent | 4 Share of the property tax and building insurance charges
Revenues nearly unchanged by €212.8m (0.5%)
Rental concessions are mainly reflected in the item "Allowance
and write-off of receivables" of the previous year. Therefore,
the revenues are only slightly higher than in the previous year,
despite the absence of the closure phases.
225.0
231.5
224.1
211.8 212.8
2018 2019 2020 2021 2022
+0.5%
2022
Share of revenue
2021
Share of revenue
Abroad
19%1
(17%2)
Abroad
20%1
(18%2)
Domestic
80%1
(82%2)
Domestic
81%1
(83%2)
3
3
5.54
5.74
5.74
CONFERENCE CALL - PRELIMINARY RESULTS FY 2022 | 22 MARCH 2023
6.14
15. FINANCIALS
EBIT
CONFERENCE CALL - PRELIMINARY RESULTS FY 2022 | 22 MARCH 2023
15
EBIT bridge 2022
in € million
EBIT unchanged by €152.4m
Required allowances significantly reduced to €8.1m (2021:
€25.1)
Compensated by the increase in other operating expenses to
€20.5m (2021: €7.9m). Higher expenses are related to:
Takeover offer, preparation of capital increase and share
acquisition as well as change in the Executive Board
199.1 197.5
161.2
152.5 152.4
2018 2019 2020 2021 2022
-0.0%
in € thousand 01.01. – 31.12.2022 01.01. – 31.12.2021
Revenue 212,811 211,752
Operating and administrative
costs for property
-37,213 -32,547
Allowance and write-off
of receivables
-8,130 -25,029
NOI 167,468 154,176
Other operating income 5,504 6,265
Other operating expenses -20,540 -7,940
EBIT 152,432 152,501
EBIT
in € million
16. FINANCIALS
Financial result1 – Further improvement
CONFERENCE CALL - PRELIMINARY RESULTS FY 2022 | 22 MARCH 2023
16
1 Excluding valuation
Financial result 2022
in € million
Financial result improved: €+4.7m
Interest expenses reduced by €3.1m due to favorable
refinancings (Altmarkt-Galerie Dresden, Billstedt-Center
and City-Galerie Wolfsburg)
At-equity operating profit1 increased by €3.9m
Minority profit share increased by €2.6m
-38.2
-34.3 -33.6
-26.9
-22.3
2018 2019 2020 2021 2022
+17.3%
in € thousand 01.01. – 31.12.2022 01.01. – 31.12.2021
At-equity profit/loss 12,926 29,612
Measurement gains/losses (at equity) 16,604 -4,092
Deferred taxes (at-equity) -7 132
At-equity (operating) profit/loss 29,523 25,652
Interest expense -36,107 -39,188
Profit/loss attributable
to limited partners
-15,954 -13,408
Other financial result (incl. Swaps) 272 7
Financial result1
-22,266 -26,937
Financial result1
in € million
17. FINANCIALS
in € thousand 01.01. – 31.12.2022 01.01. – 31.12.2021
EBIT 152,432 152,501
Financial result1
-22,266 -26,937
EBT1
130,166 125,564
EBT1
CONFERENCE CALL - PRELIMINARY RESULTS FY 2022 | 22 MARCH 2023
17
1 Excluding valuation
EBT1 bridge 2022
in € million
EBT (excl. valuation) higher previous year +3.7%
(€+4.6m) due higher operating results
Interest savings with positive impact (€+3.1m)
Expenses within the scope of the takeover reduce the result
(€-7.4m)
160.9 163.1
127.6 125.6 130.2
2018 2019 2020 2021 2022
+3.7%
EBT1
in € million
18. FINANCIALS
EPRA earnings
CONFERENCE CALL - PRELIMINARY RESULTS FY 2022 | 22 MARCH 2023
18
1 Including the share attributable to equity-accounted joint ventures and associates
EPRA earnings increased by €7.6m to €129.6m
EPRA earnings per share increased from €1.97 to €2.10
147.4
158.3
124.5 122.0
129.6
2018 2019 2020 2021 2022
6.3%
EPRA earnings
in € million
(per share in €)
(€2.39) (€1.97)
01.01. – 31.12.2022 01.01. – 31.12.2021
in € thousand per share in € in € thousand per share in €
Consolidated profit 21,357 0.35 59,945 0.97
Valuation investment properties1
106,350 1.72 54,729 0.89
Deferred taxes in respect
of EPRA adjustments2 1,889 0.03 7,284 0.11
EPRA Earnings 129,596 2.10 121,958 1.97
Weighted number of
no-par-value shares issued
61,783,594 61,783,594
EPRA earnings
(€2.10)
(€2.56)
61.8 61.8
Weighted number of shares (in m)
61.8
61.8 61.8
(€2.02)
19. FINANCIALS
Consolidated result
CONFERENCE CALL - PRELIMINARY RESULTS FY 2022 | 22 MARCH 2023
19
Consolidated profit bridge 2022
in € million
Consolidated result decreased in total by €38.5m.
The following effects are included in that change:
Higher result from standing assets (€8.6m)
Valuation result (€-41.7m)
Changes due to other deferred taxes (€-5.4m)
Earnings per share decreased from €0.97 to €0.35
79.4 112.1
-251.7
59.9
21.4
2018 2019 2020 2021 2022
Consolidated profit
in € million (per share in €)
(€0. 35)
(€-4.07)
(€0.97)
(€1.29) (€1.81)
61.8 61.8
Weighted number of shares (in m)
61.8
61.8 61.8
20. FINANCIALS
Development of Funds From Operations (FFO)
CONFERENCE CALL - PRELIMINARY RESULTS FY 2022 | 22 MARCH 2023
20
1 Including the share attributable to equity-accounted joint ventures and associates I 2 after consideration of taxes
FFO increased from €122.3m to €130.1m, mainly influenced by
lower allowances for rent receivables
FFO per share increased from €1.98 to €2.11
01.01. – 31.12.2022 01.01. – 31.12.2021
in € thousand per share in € in € thousand per share in €
Consolidated profit 21,357 0.35 59,945 0.97
Valuation investment properties1
106,350 1.72 54,729 0.89
Takeover Offer2
4,997 0.08 0 0.00
Deferred taxes1
-2,601 -0.04 7,597 0.12
FFO 130,103 2.11 122,271 1.98
Weighted number of
no-par-value shares issued
61,783,594 61,783,594
(€1.47) (€1.43)
Funds From Operations
Funds From Operations (FFO)
are used to finance the distribution of dividends, scheduled repayments on
our long-term bank loans and ongoing investments in portfolio properties.
150.4 149.6
123.3 122.3
130.1
2018 2019 2020 2021 2022
+6.4%
FFO
in € million
(per share in €)
(€2.42) (€1.98) (€2.11)
(€2.00)
(€2.43)
61.8 61.8
Weighted number of shares (in m)
61.8
61.8 61.8
21. FINANCIALS
Balance Sheet – Solid and Robust Structure
CONFERENCE CALL - PRELIMINARY RESULTS FY 2022 | 22 MARCH 2023
21
1 Including third-party interest in equity | 2 Ratio of net financial liabilities (financial liabilities less cash and cash equivalents) to non-current assets (investment properties and investments accounted for using the equity
method) | 3 Ratio of net financial liabilities to long-term assets, calculated on the basis of the group share
Balance sheet structure
in € million
Equity ratio stands at a solid 55.7%
LTV to 30.3% (EPRA LTV (“look-through”) 33.1%3)
Group liquidity: €334.9m
in € thousand 31.12.2022 31.12.2021 Change
Non-current assets 3,825,248 3,900,890 -75,642
Cash and cash equivalents 334,943 328,839 6,104
Other current assets 47,915 49,061 -1,146
Total assets 4,208,106 4,278,790 -70,684
Equity 2,036,237 2,062,866 -26,629
Right to redeem of limited partners 307,130 314,914 -7,784
Equity (including minority interest) 2,343,367 2,377,780 -34,413
Financial liabilities 1,479,251 1,502,114 -22,863
Deferred taxes 334,404 333,037 1,367
Other liabilities 51,084 65,859 -14,775
Total equity and liabilities 4,208,106 4,278,790 -70,684
Equity ratio in %1 55.7% 55.6%
LTV ratio in %2 30.3% 30.5%
EPRA LTV ratio in %3 33.1% 33.2%
Balance sheet as at 31 December 2022
3,900.9 3,825.2
377.9 382.9
4,278.8 4,208.1
2021 2022
Non-current assets
Current assets
2,343.4 2,377.8
1,805.6 1,621.8
59.1 279.2
4,208.1 4,278.8
2022 2021
Current liabilities
Non-current liabilities
Equity (incl. non controlling interests)
Assets Liabilities
22. FINANCIALS
61.8 61.8
Number of shares as at the Reporting Date (in m)
61.8
61.8 61.8
Net Tangible Assets (EPRA)
CONFERENCE CALL - PRELIMINARY RESULTS FY 2022 | 22 MARCH 2023
22
1 Including the share attributable to equity-accounted joint ventures and associates
EPRA NTA
in € million (per share in €)
EPRA NTA slightly decreased through lower market values:
€37.81 (-1.6%)
Share price discount to NTA: 49% (21 March 2023)
31.12.2022 31.12.2021
in € thousand per share in € in € thousand per share in €
Equity 2,036,237 32.96 2,062,866 33.39
Derivative financial instruments
measured at fair value1 5,637 0.09 23,398 0.38
Equity excluding derivative
financial instruments
2,041,874 33.05 2,086,264 33.77
Deferred taxes on investment properties
and derivative financial instruments1 345,789 5.60 339,937 5.50
Intangible assets -29 0.00 -32 0.00
Goodwill as a result of deferred taxes -51,719 -0.84 -51,719 -0.84
EPRA NTA 2,335,915 37.81 2,374,450 38.43
Weighted number of
no-par-value shares issued
61,783,594 61,783,594
EPRA NTA
2,667.5 2,613.4
2,309.7 2,374.4 2,335.9
43.17 € 42.30 € 37.38 € 38.43 € 37.81 €
2018 2019 2020 2021 2022
-1.6%
23. FINANCIALS
2.89 2.72 2.47 2.18 2.09 2.431
5.6 5.6 5.3 5.1 4.7
6.8
2017 2018 2019 2020 2021 2022
Avg. Interest rate Weighted maturity
Interest Rate Structure1,2
CONFERENCE CALL - PRELIMINARY RESULTS FY 2022 | 22 MARCH 2023
23
1 As of 31 Dec. 2022 | 2 Excl. non-consolidated loans
Interest Lockin
Due
(years)
Principle amounts
(€ million)
Share of
total Loan
Avg.
interest Rate
2023 0
2024 0
2025 – 2027 3.8 444.2 30.0% 2.61%
2027 ff 8.1 1,035.1 70.0% 2.35%
Total1
6.8 1,479.3 100% 2.43%
14 German and 4
foreign bank partners
Weighted maturity of
fixed interest periods
6.8 years1
Years
%
28. COMPANY
Outlook
CONFERENCE CALL - PRELIMINARY RESULTS FY 2022 | 22 MARCH 2023
28
Financing and Liquidity
Continued trustful dialogue with banking partners and
investors
Timely refinancings of Altmarkt-Galerie Dresden (€107.4m,
10 years, 2.45%) and Main-Taunus-Zentrum (€221.0m,
10 years, 3.56%) contribute to favorable financing position
Next loan due only in 2025, major financings from 2026
onwards
Transaction market
Some transactions concluded in Germany
– Some interesting shopping center transactions seen recently,
such as Berlin (to a very large extent a conversion project)
and Munich (a prime shopping center)
– In the west of Germany, a big shopping center is to be put on
the market
– This reflects the strength and ongoing demand for prime
retail properties
29. COMPANY
Outlook
CONFERENCE CALL - PRELIMINARY RESULTS FY 2022 | 22 MARCH 2023
29
Forecast
Further improvement of operations expected
2023 will be the first fiscal year without pandemic restrictions
Strengthened return profile following acquisition of further shopping center minorities
FFO expected between €2.00 and €2.10 per share following capital increase
We will invest approx. €79m in the further competitiveness of our shopping centers in 2023
Further optimization and diversification of the financing structure planned
Increased dividend as liquidity position is to be reduced to a normal level again
Forecast conditional upon
– continued improvement of consumption and retail turnovers of our tenants in 2023
– No major and enduring negative effects on private consumption due to the Ukraine war
– Stabilization or lowering of the inflation rate
1 DES’ number of shares increased from 61,783,594 to a new total of 76,464,319 shares in January 2023
2021 2022 2023
Result
1.98
Result
2.11
Goal1
2.00–2.10
FFO per share
30. APPENDIX
Financial Calendar
CONFERENCE CALL - PRELIMINARY RESULTS FY 2022 | 22 MARCH 2023
30
21.03. Preliminary Results FY 2022
24.03. Bank of America EMEA Real Estate CEO Conference, London
27.04. Publication of the Annual Report 2022
11.05. Quarterly Statement 3M 2023
22.06. Annual General Meeting, Hamburg
14.08. Half-year Financial Report 2023
18.09.
Berenberg and Goldman Sachs German Corporate Conference,
Munich
19.09. Baader Investment Conference, Munich
14.11. Quarterly Statement 9M 2023
2023
31. APPENDIX
Contact
CONFERENCE CALL - PRELIMINARY RESULTS FY 2022 | 22 MARCH 2023
31
Deutsche EuroShop AG
Investor & Public Relations
Heegbarg 36
22391 Hamburg
Tel. +49 (40) 41 35 79 – 20/– 22
Fax +49 (40) 41 35 79 – 29
E-Mail: ir@deutsche-euroshop.com
Web: www.deutsche-euroshop.com
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
earnings figures, are forward-looking statements of goals and expectations based on 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 materially different from those that may be expressed or implied by such statements. Deutsche EuroShop does not intend to
update these forward-looking statements and does not assume any obligation to do so.
Rounding and rates of change
Percentages and figures stated in this report may be subject to rounding differences. The rates of change are based on economic considerations: improvements are indicated
by a plus (+); deterioration by a minus (-).
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