However, the valuation loss amounted to only 14.6 million euros after a minus of 209 million euros in the previous year, as the company announced on Friday. Turnover fell by 0.7 percent to 271.4 million euros. FFO, a key figure for operating business in the real estate sector, fell by 8.3 percent to EUR 157.1 million. Shareholders are to receive a dividend of 1.00 euro per share.
"Although the market environment remained challenging in 2024, Deutsche EuroShop is on a very good path. The operating business developed positively in our shopping centers," said CEO Hans-Peter Kneip. Euroshop is targeting revenue of between EUR 268 million and EUR 276 million for 2025, while the company expects FFO to be between EUR 145 million and EUR 153 million due to a planned lower financial result.
(Report by Myria Mildenberger; edited by Ralf Banser; If you have any questions, please contact our editorial team at berlin.newsroom@thomsonreuters.com (for politics and the economy) or frankfurt.newsroom@thomsonreuters.com (for companies and markets)).
