VIB Vermoegen AG

Earnings Release • Jul 3, 2009

News Details

Corporate | 3 July 2009 07:56

VIB Vermögen AG forecasts significant increases in revenues and earnings in the Real Estate segment for fiscal year 2009

VIB Vermögen AG / Forecast

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• Managing Board lifts revenue forecast and offers a preview of earnings
• Revenues in Real Estate segment expected to lift to EUR 48.5 million
  (previous year: EUR 42.1 million)
• EBIT in the Real Estate segment to increase to EUR 35.0 million (previous
  year: EUR 28.2 million).
• EBT prior to market valuation of properties forecast to total EUR 14.3
  million (previous year: EUR 11.3 million)

Neuburg/Danube, July 3, 2009 - VIB Vermögen AG, a company specializing in
managing commercial real estate, has provided further details of its
forecast for growth in its Real Estate segment for the current fiscal year.
The Managing Board is expecting revenues to increase significantly to EUR
48.5 million. In fiscal year 2008, this figure totaled EUR 42.1 million.
EBIT in this segment is expected to rise to EUR 35.0 million (previous
year: EUR 28.2 million). In addition, VIB Vermögen AG is forecasting EBT in
its Real Estate segment to improve to EUR 14.3 million compared to EUR 11.3
million in fiscal year 2008. As the valuation result of the properties as
of the end of the fiscal year cannot be predicted yet, this information is
subject to possible changes in the portfolio's value. As a result, the
forecast earnings are generated exclusively via rental income.

Ludwig Schlosser, VIB Vermögen AG's CEO stated the reasons for the positive
outlook in the Real Estate segment as being the successful expansion of the
income base: 'Last year we increased our portfolio substantially by taking
over a total of 14 high-yield properties. These premises will contribute to
the rental income for a full fiscal year for the first time in 2009, and we
are thus forecasting a significant increase in revenues and earnings. The
anticipated rise in revenues is thus the fruit of the work we put in last
year.' In addition, the development in this segment is highly stable, added
Peter Schropp, the member of the Managing Board responsible for the Real
Estate sector. 'Half-way through the fiscal year, the vacancy rate for the
VIB Group is still less than one percent, despite the current economic
environment. Our tenants continue to enjoy excellent credit ratings, our
rental income is thus still predictable and secure. After six months we
therefore have solid foundations to add further detail to our forecast.'
The Beverages segment is expected to close 2009 with slightly positive
results.

VIB Vermögen AG will present the results of the past fiscal year to its
shareholders on July 7, 2009, at this year's Annual General Meeting in
Neuburg/Danube. As a result of the positive business growth, the Managing
Board will propose a dividend in the unchanged amount of EUR 0.20 per share
at this meeting. Of this amount, 84.25% will be distributed tax free, with
just 15.75% being subject to tax.

Profile of VIB Vermögen AG (incl. BBI Immobilien AG)

VIB Vermögen AG is a medium-sized real estate holding company, whose
investments focus on commercial properties in Southern Germany. Formed as a
partnership in 1993, VIB Vermögen AG was transformed to become an
Aktiengesellschaft (German public limited company) in 2000. Since then, the
company has developed core competences in the acquisition and management of
its own properties and participating interests in companies with real
estate portfolios. The VIB Group pursues a buy-and-hold strategy. It both
acquires properties for its own portfolio and also acquires existing
properties.
The VIB Group's real estate portfolio includes various logistics properties
and industrial facilities, shopping and specialist retail centers as well
as commercial and service centers. The VIB Group generates sustainable
rental returns with a total rental area of approx. 631,000 m².

Contact

Investor relations:

VIB Vermögen AG
Petra Riechert
Phone: + 49 (0)8431 504-952
Fax: + 49 (0)8431 504-973
E-Mail: petra.riechert@vib-ag.de
Luitpoldstr. C70
86633Neuburg/Danube
Germany

cometis AG
Dirk Stauer
Phone: +49 (0)611 205855-22
Fax: +49 (0)611 205855-66
E-Mail: dirk.stauer@vib-ag.de
Unter den Eichen 7
65195 Wiesbaden
Germany

03.07.2009 Financial News transmitted by DGAP

Language: English
Issuer: VIB Vermögen AG
Luitpoldstraße C 70
86633 Neuburg/Donau
Deutschland
Phone: +49 (0)8431 / 504-952
Fax: +49 (0)8431 / 504-973
E-mail: petra.riechert@vib-ag.de
Internet: www.vib-ag.de
ISIN: DE0002457512
WKN: 245751

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