VIB Vermoegen AG

Earnings Release • May 31, 2007

News Details

Corporate | 31 May 2007 08:35

VIB Vermögen AG lifts annual forecast and publishes final figures for 2006

VIB Vermögen AG / Final Results/Results Forecast

Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.

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Neuburg/Donau, May 31, 2007 – The real estate holding company VIB Vermögen
AG published its final figures for 2006 today. Revenues and earnings were
both up again slightly, in contrast to the provisional figures. Total
operating income was up to € 21.82 million (previous year: € 10.70
million). This includes the one off extraordinary factor from the
acquisition of a 94.45% interest in Bürgerliches Brauhaus Immobilien AG
(BBI AG) in the amount of around € 8.2 million.

According to the final results, VIB Vermögen AG recorded EBIT totaling €
13.77 million (previous year: € 3.46 million). The profit before tax (EBT)
was up to € 10.97 million (previous year: € 1.42 million). As a result, the
consolidated profit for fiscal year 2006 totals € 9.77 million. This
corresponds to earnings per share of € 0.90. As a result of the significant
increase in profit, the Managing Board is proposing to the General Meeting
to increase the dividend payment from € 0.06 to € 0.20 for fiscal year
2006.

As a result of the extensive investment activities since the start of the
year, the Managing Board has increased its forecast: Total operating income
(excluding extraordinary items) in 2007 is scheduled to total € 20 million,
with the profit before tax (EBT) up to at least € 9 million.

The measured investment properties totaled € 175 million as of December 31,
2006. As a result of the € 105 million already invested in additional
properties, and the capital expenditure schedule for the remainder of 2007,
the Managing Board believes that it will be able to increase its investment
properties to around € 350 million by the end of 2007.

The complete annual report for 2006 can be downloaded from the company’s
Web site (www.vib-ag.de).

VIB Vermögen AG - profile

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 was converted into a public 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’s real estate portfolio includes more than 30 different
properties, including an industrial zone and industrial park in
Neuburg/Donau, a commercial park in Günzburg and DonauCityCenter in
Ingolstadt. The VIB Group’s properties also include the parcel of logistics
properties acquired in November 2006 and a retail and service center in the
Memmingen-Nord commercial zone. The company records sustainable rental
yields of more than 8% p. a. with a total rental area of approx. 310,000
m².

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

DGAP 31.05.2007

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: cornelia.eissmann@vib-ag.de
www: www.vib-ag.de
ISIN: DE0002457512
WKN: 245751
Indices:

End of News DGAP News-Service

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