Corporate | 1 August 2006 09:52

VIB Vermögen AG: Interim semi-annual figures

Corporate news transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. —————————————————————————— Neuburg / Donau, 1st August, 2006 – Interim results show that the VIB Vermögen has grown considerably in the first six months of 2006 compared to the same period in the previous year. The company’s net revenues, which consist mainly of rental revenue and pre-payments for ancillary costs, rose from EUR 3.71 million to EUR 5.83 million. This increase of 57.2% has resulted primarily from the new investments made last year. At the same time, the VIB Vermögen AG generated earnings before interest and taxes (EBIT) in the first six months of 2006 to the amount of EUR 2.99 million (period of the preceding year: EUR 1.81 million). Thus, the EBIT margin amounts to 51.4%. Moreover, earnings before taxes (EBT) increased by around 80% as against the comparison period and rose from EUR 0.86 million to EUR 1.55 million. This corresponds to an EBT margin of 26.5%. The cash flow also climbed by 61.2% from EUR 1.48 million to EUR 2.39 million in the last six months. It is to be taken into consideration in the results reported that they do not contain the figures for the BBI AG, which was taken over in May 2006. ‘We are very pleased with the development in the first six months,’ said CEO Ludwig Schlosser and added: ‘The recent capital increase will contribute to making continued dynamic growth possible in future, too.’ The company is adhering to the forecasts for the year as a whole. These include net revenues of more than EUR 11 million, an EBIT of around EUR 6 million, earnings before taxes of about EUR 3 million and an increase in cash flow to approximately EUR 4.5 million. The final semi-annual figures will be published on 31st August 2006 within the scope of the semi-annual report. Profile of the VIB Vermögen AG The VIB Vermögen AG is a medium-sized real estate holding company that focuses its investments on commercial real estate in the South Bavarian region. Founded in 1993 as a business partnership, the VIB was converted into a public company in the year 2000. Since then the company has developed its core competency in the fields of acquisition and administration of its own real estate and of investing in companies with real estate assets. The real estate portfolio of the VIB Group comprises over 40 different properties including both an industrial plant and an industrial estate in Neuburg/Donau, a commercial park in Günzburg and the DonauCityCenter in Ingolstadt. A Burger King Restaurant near Pfaffenhofen on the A9 and a retail and services centre in the commercial area of Memmingen-Nord are also part of the company’s holdings. With a total rentable area of over 198,000 m², the company achieves sustainable rental yields of over 8%. Investor Relations: cometis AG Ulrich Wiehle Unter den Eichen 7 65195 Wiesbaden Tel: +49 (0)611 / 205855-11 Fax: +49 (0)611 / 205855-66 E-mail: ulrich.wiehle@vib-ag.de (c)DGAP 01.08.2006 ————————————————————————— Language: English Issuer: VIB Vermögen AG Luitpoldstraße C 70 86633 Neuburg/Donau Deutschland Phone: 08431 / 504-955 Fax: 08431 / 504-747 E-mail: rainer.hettmer@vib-ag.de WWW: www.vib-ag.de ISIN: DE0002457512 WKN: 245751 Indices: End of News DGAP News-Service —————————————————————————