on Deutsche EuroShop AG (ETR:DEQ)
Deutsche EuroShop Reports First Quarter Performance with Strategic Highlights
Deutsche EuroShop AG (DES) has announced its first-quarter results for 2025, which align with expectations despite a slight decline in key figures. The company attributes the seasonal decline in footfall and tenant sales, down by 3.4% and 0.4% respectively, to the late Easter holiday, expecting recovery in the upcoming quarter.
Sales increased slightly by 0.4% to €66.3 million due to improved occupancy rates. However, operating expenses rose, leading to a 1.2% decrease in net operating income and a 1.7% fall in EBIT. EBT decreased by 6.4% due to higher interest expenses.
A key event was the opening of the "Food Garden" in Main-Taunus-Zentrum, which received a positive reception. DES confirms its annual forecast, with projected turnover between €268 to €276 million.
At the Annual General Meeting in June, a dividend of €1.00 per share is proposed, subject to adjustments based on liquidity.
R. E.
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