OVB Holding AG

EANS-News: OVB Holding AG /

OVB concludes the 2009 financial year with sound results

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annual result

Subtitle: OVB concludes the 2009 financial year with sound results

Köln (euro adhoc) - - Sales of EUR 201.6 million exceed forecast

- EBIT reaches EUR 9.6 million

- Dividend of EUR 0.50 per share proposed

Cologne/Frankfurt am Main, 30 March 2010  -  OVB  Holding  AG  closed the  2009 financial year with sound results despite a difficult market environment.  Total sales commission reached EUR201.6 million (previous  year:  EUR 260.2 million).  "We have come through the financial and economic crisis well to date and  were able to limit the decline in sales  and  earnings,"  said  Wilfried  Kempchen, Chief Executive Officer of OVB Holding AG. "We achieved the targets   we forecast  for 2009 as a whole."

The Central and Eastern Europe segment contributed EUR 84.3 million to total sales commission  (previous  year:  EUR 122.7 million).   Germany  generated total  sales commission of EUR 77.0 million (previous year: EUR 85.2 million). In  2009,  sales  in Southern and Western Europe were down on the previous year´s  volume  at  EUR 40.3 million (EUR 52.3 million).

Although earnings before interest and taxes  (EBIT)  were  within   the  forecast range at  EUR 9.6 million,  they  decreased  by   two-thirds  (-66.6%) year-on-year (previous year: EUR 28.8 million).

In absolute terms, EBIT declined most heavily in  Central  and   Eastern  Europe, falling from EUR 22.2 million to EUR 9.2 million (-58.6%). The  Southern  and WesternEurope segment reported an 81.6% reduction in EBIT  to  EUR 1.2  million (previous year: EUR 6.5 million). Operating income in  the  Germany  segment only   decreased modestly  in  comparison,  falling  by  4.0%  to  EUR 7.1 million  (previous  year: EUR 7.4 million).

Consolidated net  income  for  2009  was  well  within  the  positive range  at EUR 8.8 million (previous year: EUR 24.4 million). Basic earnings per  share amounted to EUR 0.61 (previous year: EUR 1.71).

OVB´s client base continues to number around 2.8 million clients   across  Europe - an indication that OVB´s financial consultants enjoy the confidence  of  their customers, even in a difficult economic environment.

At year-end 2009, 4,664 financial advisors  worked  full  time  for   OVB  in  14 European countries. This figure is 4.1% or 198 sales representatives lower  than at the  previous  year-end,  when  4,862 independent  financial  advisors  were selling the provision and financial products of  OVB´s  product  partners.  This process corresponds to the reduction in business  volume  due  to  the   economic conditions. However, it took place significantly more slowly than  the  decrease in sales.

In view of the muted earnings performance in the financial year just ended,  the Executive Board and Supervisory Board propose a dividend of EUR0.50 per  share to the Annual General Meeting to be held on 11 June 2010.  This  corresponds  to  a dividend total of EUR 7.1 million.

OVB expects the situation to stabilise gradually in 2010,  despite   the  ongoing gloomy macroeconomic environment. "The 2010 financial year  will  not  be  easy, but we are well positioned internationally and have  already  adapted  processes and costs and will continue to do so rigorously,"  said  Oskar  Heitz,  the  OVB Holding AG Executive Board member responsible for Finances, when presenting  the figures. As regards  sales  performance  in  the  current  financial year,  OVB expects to achieve approximately the level of the previous year. For  2011,  OVB plans to increase the sales and earnings figures compared to 2010.

About OVB Group

OVB Group, with its holding company headquartered in  Cologne,  is   one  of  the leading European financial sales  organisations.  Since the  formation  of  OVB Vermögensberatung AG  in  Germany  in  1970, customer-oriented  consulting  for private households in the  areas   of  insurance  coverage,  asset  building  and appreciation, pension provision and real  estate  acquisition  have  formed  the focus of OVB´s business  activities.  OVB  currently  advises  some   2.8 million customers across Europe, working in cooperation with over 100  renowned  product partners. OVB  is  presently  active  in  14   countries,  with  4,664  full-time financial advisors working for the Group. In 2009, OVB Holding AG  -  which  has been listed on the Frankfurt Stock Exchange (Prime Standard, ISIN  DE0006286560) since July 2006 - and its  subsidiaries  generated  total  sales   commission  of EUR 201.6 million and EBIT of EUR 9.6 million.

A presentation and the annual report on the  2009  annual  financial statements can be downloaded from the Investor Relations section of www.ovb.ag.

This IR release is also available on the Internet at: www.ovb.ag ( Investor Relations ( IR Releases Key figures of the OVB Group for financial year 2009

@@start.t2@@|Key operating figures|Unit          |2008          |2009          |Change        |
|Clients (31 Dec.)      |Number in  |2.78          |2.77          |- 0.4 %      |
|                                 |million      |                 |                 |                 |
|Financial advisors    |Number        |4,862         |4,664         |- 4.1 %      |
|(31 Dec.)                  |                 |                 |                 |                 |
|New policies              |Number        |585,817      |495,946      |- 15.3 %    |
|Total sales                |EUR million|260.2         |201.6         |- 22.5 %    |
|commission                 |                 |                 |                 |                 |

|Key financial figures|Unit          |2008          |2009          |Change        |
|Earnings before         |EUR million|28.8          |9.6            |- 66.6 %    |
|interest and taxes    |                 |                 |                 |                 |
|(EBIT)                        |                 |                 |                 |                 |
|EBIT margin*              |%                |11.1          |4.8            |- 6.3%        |
|                                 |                 |                 |                 |points        |
|Consolidated net        |EUR million|24.4          |8.8            |- 64.0%      |
|income                        |                 |                 |                 |                 |
|Earnings per share    |EUR            |1.71          |0.61          |- 64.3%      |
|(basic)                      |                 |                 |                 |                 |

* Based on total sales commission

Key figures by region for financial year 2009

|                                 |Unit          |2008          |2009          |Change        |
|Central and Eastern  |                 |                 |                 |                 |
|Europe                        |                 |                 |                 |                 |
|Clients (31 Dec.)      |Number in  |1.76          |1.77          |+ 0.6%        |
|                                 |million      |                 |                 |                 |
|Financial advisors    |Number        |2,994         |2,697         |- 9.9%        |
|(31 Dec.)                  |                 |                 |                 |                 |
|Total sales                |EUR million|122.7         |84.3          |- 31.3%      |
|commission                 |                 |                 |                 |                 |
|EBIT                          |EUR million|22.2          |9.2            |- 58.6%      |
|EBIT margin*              |%                |18.1          |10.9          |- 7.2%        |
|                                 |                 |                 |                 |points        |
|Germany                      |                 |                 |                 |                 |
|Clients (31 Dec.)      |Number        |693,600      |693,100      |- 0.1%        |
|Financial advisors    |Number        |1,105         |1,323         |+ 19.7%      |
|(31 Dec.)                  |                 |                 |                 |                 |
|Total sales                |EUR million|85.2          |77.0          |- 9.6%        |
|commission                 |                 |                 |                 |                 |
|Brokerage income        |EUR million|61.4          |55.5          |- 9.6%        |
|EBIT                          |EUR million|7.4            |7.1            |- 4.0%        |
|EBIT margin*              |%                |8.7            |9.2            |+ 0.5%        |
|                                 |                 |                 |                 |points        |
|Southern and Western |                 |                 |                 |                 |
|Europe                        |                 |                 |                 |                 |
|Clients (31 Dec.)      |Number        |318,950      |308,150      |- 3.4%        |
|Financial advisors    |Number        |763            |644            |- 15.6%      |
|(31 Dec.)                  |                 |                 |                 |                 |
|Total sales                |EUR million|52.3          |40.3          |- 22.8%      |
|commission                 |                 |                 |                 |                 |
|EBIT                          |EUR million|6.5            |1.2            |- 81.6%      |
|EBIT margin*              |%                |12.4          |3.0            |- 9.4%        |
|                                 |                 |                 |                 |points        |

* Based on total sales commission

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OVB Holding AG Heumarkt 1 50667 Cologne Germany

IR Contact:

Brigitte Bonifer Investor Relations

Phone: +49(0)221 / 2015-288 Fax: +49(0)221 / 2015-325

bbonifer@ovb.de ir@ovb.ag Internet: www.ovb.ag

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ots Originaltext: OVB Holding AG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Brigitte Bonifer
Investor Relations
Tel.: +49 (0)221 2015 288
E-Mail: bbonifer@ovb.de

Branche: Financial & Business Services
ISIN:      DE0006286560
WKN:        628656
Index:    CDAX, Classic All Share, Prime All Share
Börsen:  Frankfurt / regulated dealing/prime standard
              Berlin / free trade
              Hamburg / free trade
              Stuttgart / free trade
              Düsseldorf / free trade
              München / free trade



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