Brief: Deutsche EuroShop: Significant Upturn In Business In Q3

Deutsche Euroshop AG

11/11/2021 17:16

Nov 11 (Reuters) - Deutsche EuroShop AG  DEQGn.DE :
    * SIGNIFICANT UPTURN IN BUSINESS IN 3RD QUARTER
    * CUSTOMER FOOTFALL AND TENANT REVENUE IN 3RD QUARTER HIT AN
AVERAGE OF 75% AND 90% OF PRE-CRISIS LEVELS RESPECTIVELY
    * Q3 CASH COLLECTION RATIO AT 98%
    * Q3 FFO PER SHARE: EUR 1.43 (-2.7 %)
    * Q3 REVENUE AVERAGED 90% OF PRE-CRISIS LEVELS (GERMANY:
88%)
    * BASED ON CURRENT SITUATION, EXECUTIVE BOARD CONTINUES TO
EXPECT
TOTAL FUNDS FROM OPERATIONS (FFO) OF EUR 1.70 TO EUR 1.90 PER
SHARE FOR 2021 FINANCIAL YEAR (2020: EUR 2.00)
    * 9-MONTH CONSOLIDATED PROFIT ROSE TO EUR 44.1 MILLION
(PREVIOUS
YEAR: EUR -105.5)
    * 9-MONTH REVENUE CAME IN AT EUR 157.8 MILLION (-6.4%)
    * 9-MONTH EBIT CAME IN AT AND EUR 111.5 MILLION (-5.6%)

Source text for Eikon:  ID:nEQFvGNGa 
Further company coverage:  DEQGn.DE 

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