May 10, 2017 / 5:44 AM / in 2 months

BRIEF-VIB Vermoegen Q1 consolidated net income up at EUR 10.7 mln

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May 10 (Reuters) - VIB VERMOEGEN AG:

* Guidance Confirmed for 2017 Fiscal Year as a Whole

* IN FIRST THREE MONTHS OF YEAR, COMPANY'S OPERATING REVENUE CLIMBED BY 4.6% FROM EUR 19.5 MILLION TO EUR 20.4 MILLION

* WHEN ADJUSTED FOR VALUATION EFFECTS, Q1 EARNINGS BEFORE INTEREST AND TAXES (EBIT) ROSE BY 5.3% FROM EUR 15.3 MILLION TO EUR 16.1 MILLION

* Q1 EBT ADJUSTED FOR VALUATION EFFECTS AND EXTRAORDINARY ITEMS, WHICH ROSE BY 12.9% FROM EUR 10.1 MILLION TO EUR 11.4 MILLION

* Q1 CONSOLIDATED NET INCOME IMPROVED BY 25.7% FROM EUR 8.5 MILLION TO EUR 10.7 MILLION.

* Q1 FFO, WHICH IS AN INDICATOR OF CASH INFLOW FROM OPERATING ACTIVITIES, IMPROVED BY 11.5% TO EUR 9.8 MILLION IN FIRST THREE MONTHS OF 2017, COMPARED WITH EUR 8.8 MILLION IN PREVIOUS YEAR

* VIB VERMÖGEN CONFIRMS GUIDANCE FOR 2017 FISCAL YEAR AS A WHOLE ISSUED IN 2016 ANNUAL REPORT Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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