Deutsche Euroshop Ag · XETR:DEQ
Deutsche Euroshop — Deutsche Euroshop Ag Akt — Q3 2025 Earnings Presentation
25 slides from Deutsche Euroshop's earnings presentation, Nov 14, 2025
Slide 1: Conference Call Quarterly Statement 9M 2025
Conference Call Quarterly Statement 9M 2025 14 November 2025
Slide 2: Update on Business Activities 9M 2025 – Summary
COMPANY CONFERENCE CALL - QUARTERLY STATEMENT 9M 2025 | 14 NOVEMBER 2025 Update on Business Activities 9M 2025 – Summary Business Development Key operating figures largely in line with expectations for 9M Upward consumption trend: positive momentum in retail sales (+2.2%) despite slight decrease
Slide 3: Update on Business Activities 9M 2025 – Summary (Financing and ESG)
COMPANY CONFERENCE CALL - QUARTERLY STATEMENT 9M 2025 | 14 NOVEMBER 2025 Update on Business Activities 9M 2025 – Summary Financing and ESG Dividend of €2.65 per share for FY 2024 paid on 2 July 2025 LTV of 42.0% and significant cash position of €376.0 m, following €200.7 m dividend payments for
Slide 4: Introduction of ESG Policies
COMPANY CONFERENCE CALL - QUARTERLY STATEMENT 9M 2025 | 14 NOVEMBER 2025 Introduction of ESG Policies The new ESG Policies include: − Code of Conduct for Employees − Code of Conduct for Business Partners & Suppliers − Climate Protection & Energy Policy − Water Policy − Environmental Protection & W
Slide 5: Positive Development of Retail Turnover and Footfall
SHOPPING CENTERS CONFERENCE CALL - QUARTERLY STATEMENT 9M 2025 | 14 NOVEMBER 2025 Positive Development of Retail Turnover1 and Footfall 50,000 1,000 avg. daily footfall per center retail turnover per quarter in €m 40,000 800 CAGR +2.7% 30,000 600 20,000 400 CAGR +1.5% 10,000 200 Q1 22 Q2 22 Q3 22 Q4
Slide 6: Insight into Retail Turnover 9M 2025
SHOPPING CENTERS CONFERENCE CALL - QUARTERLY STATEMENT 9M 2025 | 14 NOVEMBER 2025 Insight into Retail Turnover 9M 20251 % change occupancy cost % of % of RETAIL SECTOR in 2025 ytd ratio (OCR) in % sales space Food/Supermarkets/Discounter +0.7 8.5 11.0 8.0 Fashion Textiles +0.2 14.6 28.0 40.8 Shoes &
Slide 7: Revenues – Rising Rents Offset by Higher Deferrals and Allocation Effects
FINANCIALS CONFERENCE CALL - QUARTERLY STATEMENT 9M 2025 | 14 NOVEMBER 2025 Revenues – Rising Rents Offset by Higher Deferrals and Allocation Effects Revenues Revenues decreased by €2.5 m to €197.4m in € million While contractual rents increased, revenue from rental income 200.0 197.4 fell sligh
Slide 8: EBIT – Lower Rental Revenue and One-Off Expenses
FINANCIALS CONFERENCE CALL - QUARTERLY STATEMENT 9M 2025 | 14 NOVEMBER 2025 EBIT – Lower Rental Revenue and One-Off Expenses EBIT EBIT below the previous year -4.5% (€-3.4m) in € million Largely due to one-off expenses related to non-apportionable 162.8 155.4 ancillary costs associated with the
Slide 9: Financial Result – Increased Interest Expenses
FINANCIALS CONFERENCE CALL - QUARTERLY STATEMENT 9M 2025 | 14 NOVEMBER 2025 Financial Result1 – Increased Interest Expenses Financial result1 Financial result decreased: €-10.0 m in € million 2024 2025 Interest expenses went up by €8.8 m due to loan increases in the prior year, higher interest r
Slide 10: EBT – Below Previous Year
FINANCIALS CONFERENCE CALL - QUARTERLY STATEMENT 9M 2025 | 14 NOVEMBER 2025 EBT1 – Below Previous Year EBT1 EBT excl. valuation below previous year by -13.9% (€-17.4m) in € million due to a downturn in EBIT mainly due to higher center operating 125.0 107.5 expenses as well as in the financial resu
Slide 11: Consolidated Result – Increase from Higher Valuation Result
FINANCIALS CONFERENCE CALL - QUARTERLY STATEMENT 9M 2025 | 14 NOVEMBER 2025 Consolidated Result – Increase from Higher Valuation Result Consolidated result Consolidated result increased by €11.1 m in € million 82.5 93.5 Decreased result from operations (EBT €-13.9 m) Positive valuation result (€
Slide 12: Funds From Operations (FFO) – Lower due to Decreased EBIT and Financial Result
FINANCIALS CONFERENCE CALL - QUARTERLY STATEMENT 9M 2025 | 14 NOVEMBER 2025 Funds From Operations (FFO) – Lower due to Decreased EBIT and Financial Result FFO FFO decreased from €124.6 m to €108.8 m in € million due to lower EBIT as well as lower financial result FFO per share decreased from €1.
Slide 13: Balance Sheet – Solid and Robust
FINANCIALS CONFERENCE CALL - QUARTERLY STATEMENT 9M 2025 | 14 NOVEMBER 2025 Balance Sheet1 – Solid and Robust Balance sheet structure Equity ratio 44.9%2, LTV at 42.0% (EPRA LTV 44.2%3) in € million Green bond of €500.0 m with a coupon of 4.5 % issued in June Loans for Norderstedt and Hameln f
Slide 14: Financing Structure
FINANCIALS CONFERENCE CALL - QUARTERLY STATEMENT 9M 2025 | 14 NOVEMBER 2025 Financing Structure1 Key credit metrics Maturity profile Share of LTV Secured LTV ICR financial 0% 7% 2% 7% 8% 33% 14% 16% 11% 2% 100% liabilities 42.0% 29.2% 4.3x 800,000 6.0% Average interest rate Weighted maturity Net Deb
Slide 15: Key Data of the €500 Million Green Bond Maturing in 2030 (4.50%)
FINANCIALS CONFERENCE CALL - QUARTERLY STATEMENT 9M 2025 | 14 NOVEMBER 2025 Key Data of the €500 Million Green Bond Maturing in 2030 (4.50%) Issuer Deutsche EuroShop AG Issue date 18 June 2025 Stock exchange admission / listing Euro MTF Market of the Luxembourg Stock Exchange (unregulated) Issue vol
Slide 16: Green Finance Framework
FINANCIALS CONFERENCE CALL - QUARTERLY STATEMENT 9M 2025 | 14 NOVEMBER 2025 Green Finance Framework Renewable Energy EU Taxonomy activity number 7.6 Installation, maintenance and repair of renewable energy technologies Green Buildings EU Taxonomy activity number 7.1 Construction of new buildings
Slide 17: Main-Taunus-Zentrum: Food Garden attracts 17% more visitors to the center
SHOPPING CENTERS CONFERENCE CALL - QUARTERLY STATEMENT 9M 2025 | 14 NOVEMBER 2025 Main-Taunus-Zentrum: Food Garden attracts 17% more visitors to the center Major investment significantly expanding and broadening the center's gastronomy offering High sustainability standards for the five new buil
Slide 18: Rhein-Neckar-Zentrum: Food & Fun Park @RNZ
SHOPPING CENTERS CONFERENCE CALL - QUARTERLY STATEMENT 9M 2025 | 14 NOVEMBER 2025 Rhein-Neckar-Zentrum: Food & Fun Park @RNZ Rhein-Neckar-Zentrum expanded with attractive retailtainment, featuring tenants in gastronomy, sports and entertainment L'Osteria, pizza and pasta in a new modern restaura
Slide 19: Forecast
FINANCIALS CONFERENCE CALL - QUARTERLY STATEMENT 9M 2025 | 14 NOVEMBER 2025 Forecast REVENUE EBT EXCL. VALUATION FFO €m €m €m 169.5 171.3 273.3 271.4 268 - 273 165.2 157.1 146 - 151 144 - 149 15.01 15.01 154.5 156.3 2023 2024 2025 2023 2024 2025 2023 2024 2025 EBIT NUMBER OF SHARES2 FFO PER SHARE €m
Slide 20: Key Data of the Share
APPENDIX CONFERENCE CALL - QUARTERLY STATEMENT 9M 2025 | 14 NOVEMBER 2025 Key Data of the Share Listed since 02.01.2001 Nominal capital €75,743,854.00 Outstanding shares 75,743,854 Class of shares Registered shares Dividend for 2024 (paid on 2 July 2025) €2.65 52W High €23.65 52W Low €16.34 Share pr
Slide 21: Consolidated Income Statement 9M 2025
APPENDIX CONFERENCE CALL - QUARTERLY STATEMENT 9M 2025 | 14 NOVEMBER 2025 Consolidated Income Statement 9M 2025 € thousand 01.01. – 30.09.2025 01.01. – 30.09.2024 Revenue 197,432 199,964 Property operating costs -25,170 -19,979 Property management costs -11,415 -11,076 Write-downs and disposals of f
Slide 22: Consolidated Balance Sheet 9M 2025
APPENDIX CONFERENCE CALL - QUARTERLY STATEMENT 9M 2025 | 14 NOVEMBER 2025 Consolidated Balance Sheet 9M 2025 € thousand 30.09.2025 31.12.2024 € thousand 30.09.2025 31.12.2024 ASSETS LIABILITIES Intangible assets 51,745 51,731 Subscribed capital 76,464 76,464 Property, plant and equipment 371 Capital
Slide 23: Financial Calendar
APPENDIX CONFERENCE CALL - QUARTERLY STATEMENT 9M 2025 | 14 NOVEMBER 2025 Financial Calendar 2025 13.11. Quarterly Statement 9M 2025 20.11. Kepler Cheuvreux Pan-European Real Estate Conference, London 11.12. CIC Forum by Market Solutions (virtual) 2026 21.01. Kepler Cheuvreux German Corporate Confer
Slide 24: Contact
APPENDIX CONFERENCE CALL - QUARTERLY STATEMENT 9M 2025 | 14 NOVEMBER 2025 Contact Deutsche EuroShop AG Investor & Public Relations instagram.com/deutscheeuroshop Heegbarg 36 youtube.com/DeutscheEuroShop 22391 Hamburg facebook.com/euroshop Tel. +49 (40) 41 35 79 – 20/– 22 slideshare.net/desag Fax +49
Slide 25: A happy and peaceful end to the year
APPENDIX CONFERENCE CALL - QUARTERLY STATEMENT 9M 2025 | 14 NOVEMBER 2025 A happy and peaceful end to the year 25
Deutsche Euroshop Ag Akt — Q3 2025 Earnings Presentation on 6ix