VIB Vermögen AG reported earnings results for the nine months of 2014. The company generated EUR 51.7 million of revenue during the first nine months of the year against EUR 47.9 million a year ago. This 8.0% year-on-year growth arose particularly from the successful continuation of the company's acquisition and investment strategy. Total operating revenue amounted to EUR 52.3 million during the first nine months against EUR 48.2 million a year ago. Earnings before interest and tax (EBIT) were up by 10.1% to EUR 40.5 million against EUR 36.8 million a year ago. Earnings before tax (EBIT) improved by 9.3% year-on-year to reach EUR 25.2 million against EUR 23.0 million a year ago. Consolidated net income of EUR 21.3 million was 10.1% ahead of the results during the prior-year period of EUR 19.3 million. Earnings per share grew by 1.3% to EUR 0.81 against EUR 0.80 a year ago. Excluding measurement effects and extraordinary items, the company generated EUR 24.2 million of adjusted EBT during the first nine months of the current financial year EUR 20.4 million a year ago. This further increase of 18.6% reflects the operating profitability of the company's portfolio. The 8.9% growth in FFO per share (funds from operations) to EUR 0.86 against EUR 0.79 a year ago underscores the cash flow strength of the business model.

Given these good nine-month results, the company is confirming its existing forecast for the full 2014 year, anticipating revenue to lie between EUR 69.0 million and EUR 72.0 million, EBIT between EUR 50.5 million and EUR 52.0 million, and EBT between EUR 29.0 million and EUR 30.5 million (in each case before measurement effects and extraordinary items).