March 25, 2020 / 6:45 AM / 4 days ago

BRIEF-VIB Vermoegen FY Revenue Up At EUR 91.0 Mln

March 25 (Reuters) - VIB VERMOEGEN Ag:

* IMPROVES EARNINGS AND PLANS A FURTHER DIVIDEND INCREASE

* DIVIDEND SET TO INCREASE FOR ELEVENTH TIME IN A ROW, WITH A PROPOSED DIVIDEND OF EUR 0.70 PER SHARE

* FY REVENUE INCREASES BY 4.8 PER CENT TO EUR 91.0 MILLION

* OUTLOOK 2020: REVENUE OF BETWEEN EUR 91.0 MILLION AND EUR 97.0 MILLION IS EXPECTED

* OUTLOOK 2020: EBT IS EXPECTED TO REACH A LEVEL BETWEEN EUR 55.0 MILLION AND EUR 59.0 MILLION

* FY ADJUSTED EARNINGS BEFORE TAX (EBT) RISE SHARPLY BY 8.2 PER CENT TO EUR 56.0 MILLION

* OUTLOOK 2020: FFO (FUNDS FROM OPERATING ACTIVITIES) IS EXPECTED TO RISE TO BETWEEN EUR 48.0 MILLION AND EUR 52.0 MILLION

* POSSIBLE NEGATIVE EFFECTS DUE TO SPREAD OF CORONA VIRUS CAN NOT BE FORECASTED, ARE NOT PART OF THIS GUIDANCE Source text for Eikon: Further company coverage: (Gdansk Newsroom)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below