DGAP-News: VIB Vermögen AG / Key word(s): Annual Results Finanical results 2021 VIB Vermögen achieves top figures for sales and earnings – Sales increase by 10.2 per cent to EUR 103.8 million – Adjusted EBT increases by 15.6 per cent to EUR 66.7 million – Dividend proposal at EUR 0.85 per share – Forecast for 2022 confirmed Neuburg/Danube, April 27, 2022 – VIB Vermögen AG, a company specializing in the development, acquisition and portfolio management of commercial real estate, has confirmed its previously published preliminary figures for fiscal year 2021. At EUR 103.8 million, revenues reached the highest level in the company’s 27-year history despite the once again challenging market environment against the backdrop of the ongoing Corona pandemic. Rental income rises to over EUR 100 million for the first time The balance of changes in the value of investment properties increased to EUR 108.2 million (previous year: EUR 22.3 million). Expenses for investment properties decreased to EUR 16.6 million (previous year: EUR 17.4 million). Group personnel expenses increased from 4.2 million to EUR 4.5 million. Other operating expenses increased slightly to EUR 2.1 million (previous year: EUR 1.9 million). Earnings and equity at record levels Equity grew by EUR 136.8 million to EUR 762.0 million as of December 31, 2021 (December 31, 2020: EUR 625.2 million). The equity ratio increased by 440 basis points to 47.4 per cent as of the reporting date 2021 (December 31, 2020: 43.0 per cent). Value of real estate portfolio increased Increase in dividend planned “Fiscal 2021 was a very successful year – despite the challenging environment due to the ongoing Corona pandemic. With its solid business model, our company is well equipped to continue growing. Our next lighthouse project “Next Horizon” in Erding will contribute to this development as a further milestone,” said Martin Pfandzelter, CEO of VIB Vermögen AG. Guidance for 2022 foresees further growth The 2021 Annual Report and a current corporate presentation are available for download at www.vib-ag.de. Contact Investor Relations: VIB Vermögen AG
Profile of the VIB Vermögen AG VIB Vermögen AG is a medium-sized company specializing in the management of commercial real estate portfolios, which has been operating successfully for 25 years. The focus is on properties in 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: On the one hand, VIB acquires properties that have already been let, and on the other hand, it develops new properties from scratch in order to take them over permanently into its own portfolio and generate rental income from them. In addition, VIB holds interests in companies with real estate assets. 27.04.2022 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | VIB Vermögen AG |
Tilly-Park 1 | |
86633 Neuburg/Donau | |
Germany | |
Phone: | +49 (0)8431 / 9077 952 |
Fax: | +49 (0)8431 / 9077 973 |
E-mail: | ed.ga-biv@trehceir.artep |
Internet: | www.vib-ag.de |
ISIN: | DE000A2YPDD0 |
WKN: | A2YPDD |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Munich (m:access), Stuttgart, Tradegate Exchange |
EQS News ID: | 1335609 |
End of News | DGAP News Service |