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RNS - Deutsche EuroShop: text of CEO Wilhelm Wellner's speech to the virtual Annual General Meeting published in advance - update on the coronavirus pandemic

Company: Deutsche EuroShop AG Date: 2020-06-11 Language: English Register to download

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 News Details

Corporate | 11 June 2020 12:00

#   

Deutsche EuroShop: text of CEO Wilhelm Wellner’s speech to the virtual Annual General Meeting published in advance – update on the coronavirus pandemic

DGAP-News: Deutsche EuroShop AG / Key word(s): AGM/EGM  

11.06.2020 / 12:00  

The issuer is solely responsible for the content of this announcement.  

**Deutsche EuroShop: text of CEO Wilhelm Wellner’s speech to the virtual Annual General Meeting published in advance – update on the coronavirus pandemic**

-   **Ordinary (virtual) Annual General Meeting to be held on 16 June 2020**
-   **Dialogue with shareholders supported by publishing the CEO’s speech in advance**
-   **Update on the coronavirus pandemic with selected key figures**

Hamburg, 11 June 2020 – Deutsche EuroShop (DES) will hold its ordinary and entirely virtual Annual General Meeting next Tuesday, 16 June 2020. Shopping center investor DES attaches particular importance to ensuring the best possible dialogue with shareholders, including by holding the Annual General Meeting (AGM) in virtual format.

This morning, Thursday, 11 June 2020, the text of the speech by DES CEO Wilhelm Wellner was published on the Deutsche EuroShop AG website. Publishing the speech before the AGM enables shareholders to submit questions about it in advance to the virtual Annual General Meeting – the deadline for this is Saturday, 13 June 2020 at 12.00 midnight. Advance publication by Deutsche EuroShop is intended to facilitate the dialogue with its shareholders.

The text of the speech (German only) and details of the conduct of the virtual Annual General Meeting can be found at [www.deutsche-euroshop.de/HV](https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=bec5781f5b67db2d74f17b9e89ad8d8c&application_id=1068063&site_id=news_data&application_name=news)

**Update on the coronavirus pandemic**

In his speech, Mr. Wellner will not just report on financial year 2019 but also provide information on current developments at the 21 shopping centers in the DES portfolio since the start of the coronavirus pandemic. The following key figures are presented in an updated form (as at 7 June 2020):

-   Opening status of shops in individual countries:  
    
    Germany: 97%  
    
    Austria: 96%  
    
    Poland: 89%  
    
    Czech Republic: 96%  
    
    Hungary: 94%
-   Visitor numbers compared with the previous year are at a level of 73% (centers range from 55% to 100%)
-   Performance of retail sales in German centers compared with the previous year:  
    
    March: -48%  
    
    April: -69%  
    
    May: -34%
-   Trend in the collection ratio:  
    
    March: 92%  
    
    April: 33%  
    
    May: 38%
-   Percentage of rental income from tenants in insolvency/protection proceedings: 6%

**Virtual 2020 Annual General Meeting**

The ordinary (virtual) Annual General Meeting of Deutsche EuroShop AG will take place next Tuesday, 16 June 2020 at 10:00 a.m. CET. The speech by CEO Wilhelm Wellner will be broadcast live and publicly on the internet at [www.deutsche-euroshop.de/hv2020live](https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=fe524ab2f7a3a5b20958a8268f9023dd&application_id=1068063&site_id=news_data&application_name=news) from around 10:15 a.m. CET.

**Deutsche EuroShop – The shopping center company**

Deutsche EuroShop is the only public company in Germany to invest solely in shopping centers in prime locations. The SDAX-listed company currently has investments in 21 shopping centers in Germany, Austria, Poland, the Czech Republic and Hungary. The portfolio includes the Main-Taunus-Zentrum near Frankfurt, the Altmarkt-Galerie in Dresden and the Galeria Baltycka in Gdansk, among many others.

  

- - -

11.06.2020 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.  

The issuer is solely responsible for the content of this announcement.  

  

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.  

Archive at www.dgap.de  

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|     |     |
| --- | --- |
| Language: | English |
| Company: | Deutsche EuroShop AG |
|     | Heegbarg 36 |
|     | 22391 Hamburg |
|     | Germany |
| Phone: | +49 (0)40 413 579-0 |
| Fax: | +49 (0)40 413 579-29 |
| E-mail: | ir@deutsche-euroshop.de |
| Internet: | www.deutsche-euroshop.de |
| ISIN: | DE0007480204 |
| WKN: | 748020 |
| Indices: | SDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1068063 |

  

|     |     |
| --- | --- |
|     |     |
| End of News | DGAP News Service |

![show this](https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1068063&application_name=news&site_id=news_data)