Deutsche Euroshop: Shares drop on FY negative valuation outlook

Deutsche Euroshop AG

08/01/2020 09:52

** Shares in shopping centre investor Deutsche Euroshop
 DEQGn.DE  drop 6%, on track for their worst day since 2009
    ** The company said on Tuesday that it sees a negative
pre-tax valuation result of around 123 million euros for 2019
 urn:newsml:reuters.com:*:nFWN29C0B2
    ** Baader Helvea says it had already expected a negative
result of 73 million euros for the year
    ** "However, investments in the modernization of the
existing portfolio and the rent development led to a more
negative result, in our view," the broker adds

 ((Linda.pasquini@tr.com))