Financials - Deutsche EuroShop
Financials - Deutsche EuroShop
Financials - Deutsche EuroShop
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GRoup MAnAGeMent RepoRt outlook<br />
70<br />
60<br />
50<br />
EBT excl. measurement gains / losses € million<br />
Result<br />
86.6<br />
2011<br />
Target<br />
1,7500<br />
90 – 93<br />
Target<br />
94 – 97<br />
2012 2013<br />
FFO per share € million<br />
Result<br />
1.61<br />
2011<br />
1,6125<br />
1,4750<br />
1,3375<br />
1,2000<br />
Target<br />
1.64 – 1.68<br />
Target<br />
1.70 – 1.74<br />
2012 2013<br />
positive ffo trend<br />
Funds from operations (FFO) amounted to € 1.61 per share in the<br />
year under review. We expect this figure to be between € 1.64 and<br />
€ 1.68 in 2012 (+3%) and between € 1.70 and € 1.74 in 2013 (+4%).<br />
dividend policy<br />
We intend to maintain our long-term dividend policy geared towards<br />
continuity. We therefore aim to distribute a dividend of € 1.10 per<br />
share to our shareholders again in 2012 and 2013.<br />
24 Des Annual Report 2011<br />
Forward-looking statements<br />
This Management Report contains forward-looking statements based on estimates<br />
of future developments by the Executive Board. The statements and forecasts<br />
represent estimates based on all of the information available at the current<br />
time. If the assumptions on which these statements and forecasts are based do<br />
not materialise, the actual results may differ from those currently being forecast.
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