Alle Storys
Folgen
Keine Story von OVB Holding AG mehr verpassen.

OVB Holding AG

OVB improves consolidated net profit by 15% in the first quarter of 2008

Cologne (euro adhoc) -

  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.
companies/First Quarter 2008
- Sales up by 9% to EUR69.4 million
- EBIT reaches an all-time high at EUR10 million
- Earnings per share of EUR0.55 (15% increase)
- Number of consultants rises by 16%
- Customer base grows by 7%
Cologne, 15 May 2008 - OVB Holding AG (Prime Standard, ISIN 
DE0006286560) has closed the first quarter of 2008 on a successful 
note and further improved its key figures. Total sales commission 
rose by 9% as against the already excellent previous year´s quarter 
and reached the highest quarterly value yet at EUR69.4 million 
(previous year: EUR63.8 million). The sales increase in Southern and 
Western Europe was particularly strong, with total sales commission 
increasing by 18% over the last year (EUR2.1 million) to EUR13.8 
million as against the first quarter of 2007. In Central and Eastern 
Europe, total sales commission grew by 14% (EUR4.0 million) to 
EUR32.4 million. In the Germany segment total sales commission was 
slightly below the previous year´s value of EUR23.7 million at 
EUR23.2 million (down 2%). New German policies were not significantly
influenced by the impact of the so-called "Riester steps". Earnings 
before interest and taxes (EBIT) of EUR10.0 million, after EUR9.6 
million in the previous year´s quarter, also represented the best 
value yet achieved at the beginning of a year. The EBIT margin - 
based on total sales commission - was 14.5%. In the financial year 
2007 as a whole, the EBIT margin amounted to 11.8% as against 15.0% 
in the same quarter of the previous year. With the EBIT generated in 
the first three months, OVB has already achieved a third of its 
target figure for 2008. Consolidated net income rose from EUR6.8 to 
7.8 million, an increase of 15% as against the first quarter of 2007.
Basic earnings per share rose from EUR0.48 to EUR0.55 per share 
quarter-on-quarter. The number of customers advised by OVB in 14 
European countries rose by 170,000 customers or 7% as against the 
previous year to currently 2.65 million. OVB increased its number of 
full-time advisors by 16% as against the previous year to 4,939. One 
positive factor is that the number of advisors has also grown by 4% 
as against year-end (31 December 2007: 4,765). In view of its 
continued favourable development, OVB expects to be able to achieve 
the target for the year 2008 as a whole - growth of up to 10% in the 
parameters of sales, EBIT and consolidated net profit.
About OVB Group OVB Group, with its holding company headquartered in 
Cologne, is one of the leading European financial sales 
organisations. Since the founding of OVB Vermögensberatung AG in 
Germany in 1970, customer-oriented consulting for private households 
with regard to insurance coverage, asset building and growth, pension
plans and real estate acquisition have been the focus of OVB´s 
business activities. Currently OVB advises more than 2.65 million 
customers across Europe and works together with more than 100 
renowned product partners. OVB is presently active in 14 countries, 
with nearly 4,900 full-time financial consultants working for the 
Group. In 2007 OVB Holding AG, which has been listed on the Frankfurt
Stock Exchange (Prime Standard) since July 2006, generated overall 
sales commissions together with its subsidiaries in the amount of 
EUR246.2 million and an EBIT of EUR29.0 million.
The Annual General Meeting of OVB Holding AG will be held in Cologne 
on 3 June 2008.
end of announcement                               euro adhoc

Further inquiry note:

Brigitte Bonifer
Investor Relations
phone: +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: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / free trade

Weitere Storys: OVB Holding AG
Weitere Storys: OVB Holding AG
  • 11.02.2008 – 07:19

    euro adhoc: OVB Holding AG / other / programme for the management

    Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. Company Information 11.02.2008 The Executive Board of OVB Holding AG intends to make available for purchase via the stock exchange by the management of the OVB Group companies and individual national subsidiaries an anticipated total of 150,000 company shares financed by credits from a ...

  • 21.01.2008 – 11:11

    IR Release

    OVB: On a stable growth course ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for the content of this announcement. companies Cologne (euro adhoc) - Cologne, 21 January 2008 - OVB, a leading financial services provider throughout Europe, continued its stable growth course in the closing weeks of the 2007 financial year. Chief Executive Officer of OVB Holding AG, Michael Frahnert, once again confirmed the appraisal according to which ...

  • 24.09.2007 – 17:27

    euro adhoc: OVB Holding AG / Directors' Dealings Notification concerning transactions by persons performing managerial responsibilities pursuant to section 15a of the WpHG

    Notification concerning transactions by persons discharging managerial responsibilities pursuant to section 15a of the WpHG, transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement. 20.09.2007 Xetra (euro adhoc) - Details of the ...