Deutsche Euroshop up pre-market after FY beat

Deutsche Euroshop AG

23/03/2022 07:24

** Deutsche Euroshop  DEQGn.DE  shares rise 4% in pre-market
trade after the German investor in shopping malls and retail
center reported better-than-expected full year results
    ** Deutsche Euroshop's revenue came in at EUR 211.8 mln
($233.72 million) compared to a consensus of EUR 210 mln, and
EBIT at EUR 152.5 mln versus EUR 135 mln seen in consensus
    ** "Several figures came in above estimates. We expect a
positive share price reaction, although EAT and FY22 FFO
guidance are below consensus," a local trader commented
    ** Deutsche Euroshop tops Germany's smallcaps  .SDAXI  index
in Lang & Schwarz pre-market trade

($1 = 0.9062 euros)

 (Reporting by Tristan Chabba)
 ((Tristan.chabba@thomsonreuters.com))