Tous Actualités
Suivre
Abonner OVB Holding AG

OVB Holding AG

EANS-News: OVB Holding AG /

Köln (euro adhoc) -

OVB with stable business development in the first half of 2010
  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
6-month report
Subtitle: OVB with stable business development in the first half of 
2010
OVB publish its results for the second quarter of
2010
Consolidated sales reach EUR95.2 million
Central and Eastern Europe on the upswing
Consolidated net operating income of EUR2.9 million
Cologne, 12 August 2010 - OVB Holding AG can look back on stable 
overall business development in the first half of 2010. Total sales 
commission reached EUR95.2 million (previous year: EUR100.7 million).
"Although there is not yet a common growth trend emerging in our 14 
European markets, we are nevertheless sensing the general economic 
recovery and on a good track with our results," says Wilfried 
Kempchen, CEO of OVB Holding AG. "It is particularly the positive 
sales performance in the Central and Eastern Europe segment which 
makes us feel optimistic."
Total sales commission in Central and Eastern Europe rose in the 
first half of 2010 to EUR43.4 million - representing growth of 3.6% 
in comparison with the previous year´s period (EUR41.9 million). In 
the domestic market of Germany salesremained largely constant. Here 
total sales commission of EUR35.5 million wasachieved from January to
June 2010 (previous year: EUR37.5 million). Owing to thestrained 
economic situation in markets such as Greece and non-recurring 
effectsin the national companies of Switzerland and France, business 
development in Southern and Western Europe is still lagging behind 
that in the other two regions. This segment contributed EUR16.3 
million to consolidated sales in the first half of 2010 (previous 
year: EUR21.3 million).
The Group´s operating income (EBIT) in the first six months of 2010 
amounted to EUR2.9 million in the period under review and was 
therefore below the previous year´s EUR4.9 million. Central and 
Eastern Europe contributed EUR4.3 million (previous year: EUR5.7 
million) to consolidated net operating income. The Germany segment 
expanded its EBIT from EUR3.0 million to EUR3.7 million. Operating 
income in Southern and Western Europe amounted to EUR-0.4 million as 
against positive EBIT of EUR0.9 million in the same period of the 
previous year. Consolidated net income in the first half of the year 
came to EUR2.0 million (previous year: EUR3.7 million). Earnings per 
share amounted to EUR0.14 (previous year: EUR0.26).
The number of financial consultants developed positively: In the 
second quarter some 200 sales representatives were acquired so that 
at the end of June 4.607 financial consultants were working for OVB -
the signs are therefore pointing towards growth again. With some 2.8 
million customers, the client base remained largely unchanged. As in 
the previous year, fund-linked pension products, which in the first 
half of 2010 accounted for 55% of new business, attracted the most 
demand from customers.
Above all since the start of the second quarter there are distinct 
sign of a business recovery. As the economy gradually recovers, 
private households increasingly seem able to invest in their pension 
provision again. "Following the slump brought about by the financial 
and economic crisis in 2008 and 2009, the 2010 financial year will be
a transition year before the long-term growth trend prevails again in
2011," says Wilfried Kempchen. "We have carried out a sustained 
strengthening of our sales units at home and abroad over the past few
months and are confident that the economic upturn will have a 
positive impact on our business." OVB expects overall sales in 2010 
to reach around the same level as the previous year.
About the 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. Currently OVB advises some 2.8 million customers
across Europe and works together with more than 100 renowned product 
partners. OVB is presently active in 14 countries, with some 4,400 
full-time financial consultants working for the Group. In 2009, OVB 
Holding AG and its subsidiaries generated total sales commission of 
EUR201.6 million and EBIT of EUR9.6 million. OVB Holding AG has been 
listed on the Frankfurt Stock Exchange (Prime Standard, ISIN 
DE0006286560) since July 2006.
OVB will publish its results for the third quarter on 5 November 
2010.
A presentation and the Half-Year Report 2010 can be downloaded from 
the Investor Relations section of www.ovb.ag.
This Corporate News is also available on the Internet at:
www.ovb.ag/Investor Relations/IR Releases
Key figures for the OVB Group 6M/2010
|Key operating figures|Unit       |01/01 -    |01/01 -    |Change     |
|                     |           |30/06/2009 |30/06/2010 |           |
|Clients (30/06)      |Number     |2.79       |2.79       |± 0.0 %    |
|                     |million    |           |           |           |
|Financial consultants|Number     |4,920      |4,607      |- 6.4 %    |
|(30/06)              |           |           |           |           |
|New business         |Number of  |252,934    |225,811    |- 10.7 %   |
|                     |contracts  |           |           |           |
|Total sales          |Euro       |100.7      |95.2       |- 5.5 %    |
|commission           |million    |           |           |           |
|Key financial figures|Unit       |01/01 -    |01/01 -    |Change     |
|                     |           |30/06/2009 |30/06/2010 |           |
|Earnings before      |Euro       |4.9        |2.9        |- 41.7 %   |
|interest and taxes   |million    |           |           |           |
|(EBIT)               |           |           |           |           |
|EBIT margin*         |%          |4.9        |3.0        |- 1.9      |
|                     |           |           |           |%-pts.     |
|Consolidated net     |Euro       |3.7        |2.0        |- 47.4 %   |
|income               |million    |           |           |           |
|Earnings per share   |Euro       |0.26       |0.14       |- 46.2 %   |
|(undiluted)          |           |           |           |           |
* Based on total sales commission
Key figures by region 6M/2010
|                     |Unit       |01/01 -    |01/01 -    |Change     |
|                     |           |30/06/2009 |30/06/2010 |           |
|Central and Eastern  |           |           |           |           |
|Europe               |           |           |           |           |
|Clients (30/06)      |Number     |1.77       |1.79       |+ 1.1 %    |
|                     |million    |           |           |           |
|Financial consultants|Number     |2,918      |2,801      |- 4.0 %    |
|(30/06)              |           |           |           |           |
|Total sales          |Euro       |41.9       |43.4       |+ 3.6 %    |
|commission           |million    |           |           |           |
|EBIT                 |Euro       |5.7        |4.3        |- 23.6 %   |
|                     |million    |           |           |           |
|EBIT margin*         |%          |13.6       |10.0       |- 3.6      |
|                     |           |           |           |%-pts.     |
|Germany              |           |           |           |           |
|Clients (30/06)      |Number     |694,400    |688,200    |- 0.9 %    |
|Financial consultants|Number     |1,301      |1,329      |+ 2.2 %    |
|(30/06)              |           |           |           |           |
|Total sales          |Euro       |37.5       |35.5       |- 5.3 %    |
|commission           |million    |           |           |           |
|EBIT                 |Euro       |3.0        |3.7        |+ 22.1 %   |
|                     |million    |           |           |           |
|EBIT margin*         |%          |8.0        |10.5       |+ 2.5      |
|                     |           |           |           |%-pts.     |
|Southern and Western |           |           |           |           |
|Europe               |           |           |           |           |
|Clients (30/06)      |Number     |322,900    |310,630    |- 3.8 %    |
|Financial consultants|Number     |701        |477        |- 32.0 %   |
|(30/06)              |           |           |           |           |
|Total sales          |Euro       |21.3       |16.3       |- 23.4 %   |
|commission           |million    |           |           |           |
|EBIT                 |Euro       |0.9        |- 0.4      |-          |
|                     |million    |           |           |           |
|EBIT margin*         |%          |4.2        |-2.4       |- 6.6      |
|                     |           |           |           |%-pts.     |
* Based on total sales commission
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
end of announcement                               euro adhoc

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

Plus de actualités: OVB Holding AG
Plus de actualités: OVB Holding AG
  • 12.05.2010 – 07:16

    EANS-News: OVB Holding AG / Signs of business recovery at OVB after cautious start to 2010

    Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. 3-month report Köln (euro adhoc) - Consolidated sales reach EUR47.6 million in first quarter of 2010 - Central and Eastern Europe as most stable segment - EBIT of EUR1.3 million - more customers, more financial advisors, more ...

  • 30.03.2010 – 07:02

    EANS-News: OVB Holding AG /

    OVB concludes the 2009 financial year with sound results Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. 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 ...

  • 28.01.2010 – 22:53

    EANS-Adhoc: OVB Holding AG /

    ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. Departure of financial advisors in Switzerland and France 28.01.2010 OVB Holding AG Heumarkt 1, 50667 Cologne ISIN DE0006286560 / WKN 628656 Ad hoc announcement in accordance with Section 15 of the Securities Trading Act Departure of financial advisors in Switzerland ...