VIB Vermögen AG
VIB Vermögen successfully continues its profitable growth in 2019
DGAP-News: VIB Vermögen AG
/ Key word(s): 9 Month figures
Corporate News VIB Vermögen successfully continues its profitable growth in 2019 – Revenue for the first nine months increases by 5.1 per cent to EUR 67.6 million – Adjusted EBT rises sharply by 10.4 per cent to EUR 41.9 million – Guidance once again confirmed for the full year 2019
Property transactions generate further growth Significant improvement in operational KPIs In terms of implementing the strategic growth strategy, VIB Vermögen currently has a pipeline comprising plots in prime locations and a potential rentable area of some 115,000 square metres for in-house developments. In addition, the management team continuously reviews acquisition opportunities. On the basis of the results to date and the macroeconomic and industry-specific underlying conditions, the Managing Board confirms its guidance for the 2019 financial year as a whole made in the 2018 Annual Report. The full interim report for the third quarter of 2019 can be accessed at www.vib-ag.de.
VIB Vermögen AG
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.
06.11.2019 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
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: | petra.riechert@vib-ag.de |
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: | 904863 |
End of News | DGAP News Service |