PRESS RELEASE : VIB Vermögen AG: VIB Vermögen once again increases earnings and proposes dividend increase

DGAP-News: VIB Vermögen AG / Key word(s): Preliminary Results 
VIB Vermögen AG: VIB Vermögen once again increases earnings and proposes dividend increase 
2021-03-24 / 07:30 
The issuer is solely responsible for the content of this announcement. 
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2020 interim results 
VIB Vermögen once again increases earnings and proposes 
dividend increase 
- Revenue increases by 3.5 per cent to EUR 94.2 million 
- Adjusted earnings before tax (EBT) rise by 3.1 per cent to EUR 57.7 million 
- Dividend proposal set to increase for the twelfth time in a row to EUR 0.75 per share 
Neuburg/Danube, March 24, 2021 - VIB Vermögen AG, a company specialising in the development, acquisition and portfolio 
management of commercial properties, closed the 2020 fiscal year with a further increase in earnings according to 
interim calculations. By virtue of additional rental income, revenue climbed by 3.5 per cent from EUR 91.0 million to 
EUR 94.2 million. 
The annual valuation of the property portfolio, which is carried out by an external surveyor, resulted in total 
positive changes in value for investment properties of EUR 22.3 million (previous year: EUR 22.3 million). Expenses for 
investment properties climbed to EUR 17.4 million (previous year: EUR 16.1 million). Personnel expenses at the Group 
rose from EUR 3.9 million to EUR 4.2 million. Other operating expenses remained stable at EUR 1.8 million (previous 
year: EUR 1.8 million). 
Further increase in earnings 
On account of the ongoing favourable financing conditions, expenses for the financing of the portfolio fell to EUR 14.1 
million (previous year: EUR 15.0 million). When adjusted for valuation effects, earnings before tax (EBT) climbed by 
3.1 per cent to EUR 57.7 million (previous year: EUR 56.0 million). Consolidated net income therefore increased 
accordingly by 2.8 per cent to EUR 67.3 million in 2020 (previous year: EUR 65.4 million). Given the 27.6 million 
shares, it also corresponds to earnings per share of EUR 2.39 (previous year: EUR 2.29). 
Equity increased by EUR 47.9 million to EUR 625.2 million in the period to December 31, 2020 (31/12/2019: EUR 577.3 
million). As of the 2020 balance sheet date, the equity ratio stood at 43.0 per cent (31/12/2019: 42.5 per cent). 
Further growth in the value of the property portfolio 
As of year end, the portfolio of the VIB Group comprised 113 properties, with a balance sheet value of EUR 1.4 billion. 
The net asset value (NAV) of the company climbed to EUR 666.3 million as of December 31, 2020 (31/12/2019: EUR 613.0 
million). Given the number of outstanding shares, it increased by 8.7 per cent to EUR 24.16 per share (31/12/2019: EUR 
22.23 per share). Funds from operations (FFO), as an indicator of the company's operating cash inflow, improved in the 
year under review, rising by 3.4 per cent from EUR 1.77 per share to EUR 1.83 per share. 
Twelfth dividend increase in a row planned 
On account of the strong results, the Managing and Supervisory Boards of VIB Vermögen AG intend to propose the twelfth 
dividend increase in a row to the Annual General Meeting. For the year under review, it is planned to pay out a 
dividend of EUR 0.75 per share, which is EUR 0.05, or 7.1 per cent higher than in the previous year (previous year: EUR 
0.70 per share). 
"We are delighted that we have generated such a positive result despite the challenging economic environment associated 
with the coronavirus pandemic and that we can once again propose a dividend increase at this year's Annual General 
Meeting," explains Holger Pilgenröther, Chief Financial Officer of VIB Vermögen AG. 
"In particular, the successful rental contract renewals for our major logistics properties indicate the effectiveness 
of our business model, which seeks to generate sustainably profitable results through in-house developments and 
in-house administration," adds Martin Pfandzelter, Chief Executive Officer of VIB Vermögen AG. "As our site pipeline is 
healthy and given that the current development projects are progressing according to plan, we also anticipate further 
increases in earnings this year." 
Continuation of the growth strategy through in-house developments 
In conjunction with the ongoing construction projects in the current fiscal year, the major in-house developments 
completed in the previous year will lead to an increase in rentable area and therefore rising rental incomes. 
It is expected that revenue of between EUR 99 million and EUR 105 million will be achieved in the 2021 fiscal year. 
When adjusted for valuation effects and extraordinary items, EBT is expected to reach a level between EUR 61 million 
and EUR 65 million. FFO (funds from operating activities) is expected to rise to between EUR 54 million and EUR 58 
million in the 2021 fiscal year. 
Potential adverse effects due to the spread of coronavirus have been included in the planning at the level of the 
prior-year effects. It is not currently possible to anticipate effects above and beyond this level, which is why such 
effects do not form part of the forecast. 
The company will publish its final results for the 2020 fiscal year together with the 2020 Annual Report on April 28, 
2021. A company presentation with details of the 2020 interim results can be found at www.vib-ag.de. 
Contact 
Investor Relations: 
VIB Vermögen AG 
Petra Riechert Tel.: [phone] 
Tilly-Park 1 Fax: [phone] 
86633 Neuburg/Danube, Germany Email: [e-mail] 
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. 
 
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2021-03-24 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
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Language:     English 
Company:      VIB Vermögen AG 
              Tilly-Park 1 
              86633 Neuburg/Donau 
              Germany 
Phone:        [phone] 
Fax:          [phone] 
E-mail:       [e-mail] 
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:  1177737 
 
End of News   DGAP News Service 
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1177737 2021-03-24

(END) Dow Jones Newswires

March 24, 2021 02:32 ET (06:32 GMT)