DGAP-News: VIB Vermögen AG / Key word(s): Preliminary Results 2019 preliminary results VIB Vermögen improves earnings and plans a further dividend – Revenue increases by 4.8 per cent to EUR 91.0 million – Adjusted earnings before tax (EBT) rise sharply by 8.2 per cent to EUR 56.0 million – Dividend set to increase for the eleventh time in a row, with a proposed dividend of EUR 0.70 per share Neuburg/Danube, March 25, 2020 – VIB Vermögen AG, a company specialising in the The annual valuation of the property portfolio, which is carried out by a surveyor, resulted in total positive changes in value for investment properties of EUR 22.3 million (previous year: EUR 19.5 million). Expenses for investment properties climbed to EUR 16.1 million (previous year: EUR 15.0 million). Personnel expenses at the Group rose slightly from EUR 3.7 million to EUR 3.9 million. Other operating expenses remained stable at EUR 1.8 million (previous year: EUR 1.8 million). Sharp climb in earnings Equity increased by EUR 49.7 million to EUR 577.3 million in the period to December 31, 2019 (31/12/2018: EUR 527.6 million). The equity ratio remained more or less stable and now stands at 42.5 per cent (31/12/2018: 42.7 per cent). Further improvement in key property portfolio figures Eleventh dividend increase in a row planned “Our company has established itself as an extremely reliable payer of dividends. Thanks to the continuous and, most importantly, profitable expansion of our portfolio, we make it possible every year for our shareholders to share in the success of the company. Therefore, the Managing and Supervisory Boards will be proposing a dividend increase to the Annual General Meeting for the eleventh time in a row,” explains Holger Pilgenröther, CFO of VIB Vermögen. Continuation of the growth strategy through in-house developments The company will publish its final results for the 2019 fiscal year together with the 2019 Annual Report on April 30, 2020. A company presentation with details of the 2019 interim results can be found at www.vib-ag.de. Contact Investor Relations: VIB Vermögen AG About VIB Vermögen AG VIB Vermögen AG is a medium-sized company specialising in commercial real estate management that has been operating successfully for 25 years. It focuses on properties from the logistics/light industry and retail sectors in the economically strong southern German region. VIB’s shares have been listed on the Munich (m:access) and Frankfurt (Open Market) stock exchanges since 2005. VIB’s business model is based on a “develop-or-buy-and-hold” strategy. Firstly, VIB acquires properties that are already rented. Secondly, it completely develops new properties in order to transfer them to its own portfolio on a long-term basis and generate rental income from them. VIB also holds investments in companies with real estate assets.
25.03.2020 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | VIB Vermögen AG |
Tilly-Park 1 | |
86633 Neuburg/Donau | |
Germany | |
Phone: | +49 (0)8431 / 9077 952 |
Fax: | +49 (0)8431 / 9077 973 |
E-mail: | ed.ga-biv@trehceir.artep |
Internet: | www.vib-ag.de |
ISIN: | DE0002457512 |
WKN: | 245751 |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Munich (m:access), Stuttgart, Tradegate Exchange |
EQS News ID: | 1005803 |
End of News | DGAP News Service |