VIB Vermögen AG: VIB Vermögen continues to grow

Neuburg an der Donau (pta012/11.05.2016/07:30 UTC+2) Q1 2016 quarterly report

* Operating revenue rises by 7.9 per cent to EUR 19.5 million in Q1/2016
* Adjusted earnings before tax (EBT) increases by 13.1 per cent to EUR 10.1 million
* Forecast confirmed for the year as a whole

Neuburg/Danube, May 11, 2016 - VIB Vermögen AG, a company specialising in the develop-ment, acquisition and portfolio management of commercial properties, has continued to grow in line with expectations in the first quarter. The company, which today unveiled its figures for the first three months of 2016, increased its operating revenue by 7.9 per cent from EUR 18.0 million to EUR 19.5 million. This positive development is chiefly attributable to rental proceeds from new properties that were not in the company's property portfolio in the prior-year period or that were not in the portfolio for the entire duration of the prior-year period. The company also witnessed an indexing of rental agreements and a further decrease in the vacancy rate.

With a similar cost situation as in the previous year, earnings before interest and tax (EBIT) adjusted for value effects climbed by 8.7 per cent to EUR 15.3 million, compared with EUR 14.0 million in the previous year. Adjusted earnings before tax (EBT) outperformed operating revenue and increased by 13.1 per cent on the previous year's figure of EUR 8.9 million to come in at EUR 10.1 million. Following the deduction of income taxes totalling EUR 1.6 million, consolidated net income is up slightly on the previous year at EUR 8.5 million.

"We have continued to chart a successful course in the first quarter. This is due both to our portfolio management work and the targeted expansion of our project development activities. Furthermore, we have laid the foundation for continued future growth by acquiring additional properties at the Interpark site," explains Holger Pilgenröther, CFO of VIB Vermögen AG.

FFO (funds from operations), which is an indicator of cash inflow from operating activities, improved by 11.3 per cent to EUR 8.8 million in the first three months of 2016. Undiluted NAV (net asset value), i.e. the value of total assets less liabilities, increased by 2.1 per cent compared to the end of the 2015 financial year to reach EUR 421.6 million.

"With the strong start that our company has made to 2016, we feel that our forecast for the year as a whole is justified," added Pilgenröther

The complete Q1/2016 quarterly report of VIB Vermögen AG is available at www.vib-ag.de.

Contact

Investor Relations:

VIB Vermögen AG
Petra Riechert
Luitpoldstr. C70
86633 Neuburg/Donau
Tel. +49 (0)8431 504 952
Fax: +49 (0)8431 504 973
Email: petra.riechert@vib-ag.de

About VIB Vermögen AG

VIB Vermögen AG is a medium-sized company specialising in commercial real estate management that has now been operating successfully for more than 20 years. Its focus lies on logistics/light industry and retail properties in the economically strong region of southern Germany. 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. On the one hand, the company acquires properties that are already rented and, on the other, completely develops new properties with a view to permanently incorporating them into its portfolio and generating rental income from them. VIB also holds investments in companies with real estate assets.

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Emitter:	VIB Vermögen AG Luitpoldstraße C 70 86633 Neuburg an der Donau Germany
Contact Person:	Petra Riechert
Phone:	+49 8431 504-952
E-Mail:	petra.riechert@vib-ag.de
Website:	www.vib-ag.de
ISIN(s):	DE0002457512 (Share)
Stock Exchange(s):	Free Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Munich (m:access), Stuttgart