Germany · Delayed Price · Currency is EUR Deutsche EuroShop AG Earnings Call Transcripts
Fiscal Year 2025
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FY2025 saw stable revenues and EBIT, with higher tenant sales but lower FFO due to incentives and financing costs. Major investments and a green bond strengthened the balance sheet, while guidance for 2026 anticipates slight revenue and EBIT growth but lower FFO.
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Revenue and EBIT declined year-over-year due to higher costs and rental incentives, but tenant sales and occupancy improved. A EUR 500 million green bond was successfully issued, and major investment projects were completed, supporting optimism for year-end performance.
Fiscal Year 2024
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Operational results slightly exceeded forecasts, with EBIT up 1.7% and FFO down 8.3% year-over-year. Portfolio occupancy rose to 95.4%, and a EUR 1 per share dividend is proposed. 2025 guidance expects stable revenue and EBIT, but a slight FFO decline.
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Revenue declined 1.6% to €200M, but EBIT rose 4.7% and tenant sales increased 1.9% year-over-year. Guidance for 2024 was raised for EBIT, EBT, and FFO, with optimism for continued improvement amid stable financing and major investment completions.