VIB Vermögen AG

VIB Vermögen: Significant increase in revenue and profitability in FY 2014 - Seite 2

On the debt side, VIB Vermögen AG finances itself predominantly through annuity loans. The company has also facilitated its growth on the equity side through mandatory convertible bond issues over the past three years. Given EUR 33.2 million of issue proceeds from the mandatory convertible bond that was issued in December 2014 and the positive consolidated income in the period under review, the company's equity ratio increased to 39.4 % on the reporting date (previous year: 37.0 %). Thanks to a combination of a sustainable financing structure and solid equity backing, loan-to-value (LTV) as well as net asset value (NAV) saw a further marked enhancement from 56.6 % to 53.7 % respectively to EUR 360.5 million on the balance sheet date (previous year: EUR 307.6 million). Basic NAV per share stood at EUR 14.54 on the reporting date (previous year: EUR 13.88), and diluted NAV per share amounted to EUR 14.52 (previous year: EUR 13.52).

In the 2015 fiscal year, the company aims to continue to chart its growth course and leverage further economies of scale, as explained by Martin Pfandzelter, Managing Board member responsible for the Real Estate area: "We develop growth - for our tenants and for our shareholders. During the coming business year, we will continue to focus on purchases in the attractive sectors of wholesale and retail, as well as logistics and light industry, and we are positioning ourselves as a strong partner to SMEs in the Southern German region with our high-yielding development projects.

With a look to the 2015 fiscal year, the Managing Board of VIB Vermögen AG is assuming growth in all significant Group figures: "With regard to the full fiscal year, we anticipate total operating revenue of between EUR 74.0 million and EUR 77.0 million, EBIT between EUR 53.5 million and EUR 56.0 million, and EBT between EUR 33.0 million and EUR 35.0 million, in each case before valuation effects", notes Pilgenröther.

The 2014 annual report can be downloaded as from today at www.vib-ag.de.

Contact

VIB Vermögen AG Petra Riechert Luitpoldstrasse C70 86633 Neuburg/Danube Tel: + 49 (0)8431 504-952 Fax: + 49 (0)8431 504-973 Email: [e-mail]

cometis AG Ulrich Wiehle / Mark Appoh Unter den Eichen 7 65195 Wiesbaden Tel: [phone] Fax: [phone] Email: [e-mail]

Profile of VIB Vermögen AG (including BBI Immobilien AG)

VIB Vermögen AG is a medium-sized real estate holding company with an investment focus on commercial properties in Southern Germany. It has operated successfully on the market for more than 20 years. Founded as an unincorporated firm in 1993, VIB Vermögen AG converted into a public stock corporation in 2000. Since then, the company has been further developing its core competencies in the acquisition and management of its own properties, as well as acquiring participating interests in companies with real estate assets.

VIB Vermögen AG pursues a "develop-or-buy-and-hold" strategy. Along with acquiring existing properties to transfer to the company's own portfolio, the focus in this context is on project development and real estate design. The real estate portfolio of the VIB Group includes logistics properties, industrial real estate, shopping centres and retail parks, as well as commercial and service centres.



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emitter: VIB Vermögen AG address: Luitpoldstraße C 70, 86633 Neuburg an der Donau country: Germany contact person: Petra Riechert phone: [phone] e-mail: [e-mail] website: www.vib-ag.de

ISIN(s): DE0002457512 (share) stock exchanges: open market (free market) in Frankfurt, free market in Stuttgart, M:Access in Munich, free market in Hamburg, free market in Dusseldorf; open market in Berlin

[ source: http://www.pressetext.com/news/20150422006 ]