HAMBURG (dpa-AFX) - Shopping center investor Deutsche Euroshop AG (DUSCF.PK) published its interim report for the first quarter of 2015 and confirmed the full-year forecasts issued on 19 March. Funds from operations or FFO improved by 4% to 0.57 euros per share from 0.55 euros in the previous year.
Earnings before taxes and measurement gains/losses increased to 31.8 million euros from 30.4 million euros in the prior year.
Consolidated profit improved by 12% to 25.3 million euros from 22.6 million euros last year. Earnings per share were 0.47 euros, 12% higher than the prior year's 0.42 euros.
Revenue for the quarter totalled 50.6 million euros, representing an increase of 1% from last year's 50.0 million euros.
Deutsche EuroShop stands by its recent forecasts for financial year 2015, and expects funds from operations (FFO) per share to be between 2.24 euros and 2.28 euros, earnings before taxes (EBT) excluding measurement gains/losses of between 126 million euros and 129 million euros, earnings before interest and taxes or EBIT of 177 million euros and 180 million euros, and revenue of 201 million euros and 204 million euros. The company envisages paying a dividend of 1.35 euros per share for 2015.
Copyright RTT News/dpa-AFX