DE EN PRIVACY IMPRINT CONTACT COMPANIES PROPERTY INVESTOR RELATIONS OVERVIEW EQUITY STORY SHARE FINANCIAL REPORTS CORPORATE NEWS FINANCIAL CALENDAR GENERAL MEETING CONVERTIBLE BOND 05/13/2015 VIB VERMÖGEN AG CONTINUES SOLID GROWTH IN SALES AND EARNINGS IN THE 1ST QUARTER OF 2015 Operating income increased by 6.6% to EUR 18.1 million Earnings before taxes (EBT) increased to EUR 9.9 million: EBT margin of 54.5% Funds from Operations (FFO) increased by 10.0% to EUR 7.9 million Neuburg / Donau, May 13, 2015 - VIB Vermögen AG, a company specializing in the development and inventory management of commercial properties, continued to grow in the 1st quarter of 2015 and increased its sales by 6.5% to EUR 18.0 million in accordance with IFRS (Q1 / 2014: EUR 16.9 million). The total of the operating income amounted to EUR 18.1 million after EUR 17.0 million in the same period of the previous year (+ 6.6%). Earnings before interest and taxes (EBIT) also developed positively, improving by 6.3% from EUR 14.1 million to EUR 15.0 million. This includes changes in the value of investment properties of EUR 1.0 million (previous year: EUR 1.1 million) for the MAN service station in Freiburg-Umkirch, which was developed in-house and added to the portfolio on February 1, 2015. Thanks to the favorable capital market environment, the interest rate on the loan portfolio was reduced further. As a result, despite renewed investment activity, the interest result in the first quarter of EUR -5.1 million was kept roughly at the level of the previous year (Q1 / 2014: EUR -5.0 million). As a result, earnings before taxes (EBT) increased disproportionately to sales revenues from EUR 9.1 million by 8.3% to EUR 9.9 million. The EBT margin of 54.5% also reflects the increased profitability (Q1 / 2014: 53.6%). Adjusted for valuation and special effects, EBT increased by 11.0% to EUR 8.9 million (Q1 / 2014: EUR 8.0 million). After deducting income taxes of EUR 1.6 million (Q1 / 2014: EUR 1.4 million), consolidated earnings increased by 7.3% to EUR 8.3 million (Q1 / 2014: EUR 7.7 million) ). Despite a higher average number of shares, earnings per share continued to be kept at a high level (EUR 0.28; Q1 / 2014: EUR 0.30). The FFO (funds from operations) improved by 10.0% to EUR 7.9 million compared to the same quarter of the previous year (Q1 / 2014: EUR 7.2 million), so that the FFO per share remains unchanged despite the increased average number of shares compared to the same period last year amounted to EUR 0.29. The prudent investment and financing strategy also increased the net asset value (NAV) per share again, rising from EUR 14.54 to EUR 14.88 (undiluted). “The acquisitions at the beginning of the year are the consistent continuation of our targeted investment policy. With the proceeds from the third successfully placed mandatory convertible bond at the end of last year, we have sufficient liquidity to successfully continue our previous growth path in the 2015 financial year. Our high-yield project developments such as the logistics center in the Interpark Ingolstadt also boost sales and earnings, ”said Ludwig Schlosser, CEO of VIB Vermögen AG. CFO Holger Pilgenröther adds: “With the fixed interest rates on various loans expiring in the next few years, we will be able to further reduce the average interest costs for the future. In addition to the planned investment activity, this is also an important driver of earnings, The complete first interim report for 2015 is available for download from today on the company website www.vib-ag.de in the Investor Relations area. Back to overview PETRA RIECHERT Tel .: +49 8431 504-952 petra.riechert@vib-ag.de VIB Vermögen AG Luitpoldstrasse C 70 86633 Neuburg on the Danube Tel .: +49 8431 - 504 951 info@vib-ag.de