Deutsche EuroShop AG

  • WKN: 748020
  • ISIN: DE0007480204
  • Land: Deutschland

Nachricht vom 19.03.2020 | 11:50

Deutsche EuroShop AG: Preliminary financial year figures for 2019 as planned / Suspension of dividends for financial year 2019 / As a precaution because of the corona virus pandemic

Deutsche EuroShop AG / Key word(s): Dividend/Preliminary Results
Deutsche EuroShop AG: Preliminary financial year figures for 2019 as planned / Suspension of dividends for financial year 2019 / As a precaution because of the corona virus pandemic

19-March-2020 / 11:50 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Preliminary financial year figures for 2019 as planned
Suspension of dividends for financial year 2019
As a precaution because of the corona virus pandemic


The Executive Board of EuroShop AG has made a preliminary assessment of the potential implications of the corona virus pandemic and the temporary official closures of the majority of shops in the company's shopping centers and discussed the results with the Supervisory Board.

Based on the fact that the 2019 financial year went as planned, Deutsche EuroShop AG has sufficient liquidity to pay the dividends (previously proposed at €1.55 per share). However, the implications on the 2020 financial year of the continued spread and unpredictable duration of the corona virus pandemic cannot be quantified at this stage. As a precaution to further improve the company's liquidity, the Executive Board has therefore decided to propose the suspension of the dividend payment to the general assembly (scheduled for 16 June 2020).

Based on the preliminary figures for 2019, turnover was at €225.9 million, EBIT at €197.5 million, operative result before tax (EBT not valued) at €163.1 million and FFO per share at €2.42. All figures are therefore within or above the predicted ranges.

 

This notice contains complementary financial figures that are not precisely defined by the relevant accounting standards and that (may) represent alternative performance indicators. These complementary financial figures should not be considered in isolation or as an alternative to the figures presented in the consolidated financial statements and determined in accordance with the relevant accounting standards when evaluating the assets, financial position and results of operations of Deutsche EuroShop. Such alternative performance indicators may be calculated differently but labelled similarly by other companies. For explanations regarding the financial figures used, please consult https://www.deutsche-euroshop.de/Investor-Relations/Service/Glossary

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


Information and Explanation of the Issuer to this News:

Preliminary results for 2019 financial year

Deutsche EuroShop is publishing its preliminary results for the 2019 financial year tonight at 6 p.m. CET. The English language teleconference will be broadcast live as a webcast on the internet at www.deutsche-euroshop.com/ir at 10 a.m. on Friday 20 March 2020.


19-March-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



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