HAMBURG (dpa-AFX) - Deutsche EuroShop (DUSCF.PK) reported that its first-quarter consolidated profit fell by 2% to 24.9 million euros from 25.3 million euros, prior year. Earnings per share decreased to 0.46 euros from 0.47 euros. Earnings per share calculated according to EPRA increased to 0.49 euros from from 0.48 euros. FFO per share improved to 0.58 euros from from 0.57 euros.
'The slightly lower profit is attributable to investment costs being higher than they were last year,' explains Wilhelm Wellner, Deutsche EuroShop's CEO.
Revenue in the first three months of 2016 totalled 50.7 million euros, representing a small year-on-year rise of 0.3% from 50.6 million euros.
Deutsche EuroShop confirmed its recent forecasts for financial 2016, and expects: revenue of between 200 million and 204 million euros; EBIT of between 175 million and 179 million euros; EBT excluding measurement gains/losses of between 127 million and 130 million euros; FFO per share of between 2.26 and 2.30 euros. The company envisages paying a dividend of 1.40 euros per share for 2016.
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