You might also be interested in:

2018 financial statements: another substantial jump in the Sedus Stoll Group's revenue

Waldshut-Tiengen (ots) - With an annual surplus of EUR9.8 million, 2018 - just like 2017 - proved to be another ...

Hamburg welcomes Rotary members from across the world: 2019 Rotary International Convention in Northern Germany

Hamburg (ots) - Over the coming days, Hamburg/Germany will be transformed into "Rotary City" as more than ...

All Releases
Subscribe to OVB Holding AG

27.03.2012 – 07:31

OVB Holding AG

EANS-News: OVB Holding AG /

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
Financial Figures/Balance Sheet/Annual financial statements for 2011

Köln (euro adhoc) - OVB Group concludes the 2011 finan-cial year with good

-Considerable sales and earnings growth
-Solid growth in consultant base and steady expansion of customer numbers 
-Dividend proposal of EUR0.35 per share
-Target for 2012: Sales growth with improved margin

Cologne/Frankfurt am Main, 27 March 2012 - OVB closed the 2011 financial year
with a strong increase in sales and earnings. At EUR222.1 million (previous
year: EUR197.3 million), total sales commission was 12.6% above the previous
year´s figure. "2011 was a good year for OVB", states Michael Rentmeister, CEO
of the Group since January 2012. "It was particularly important that we
succeeded in bringing the upturn of the past financial year into 2012." 

In Central and Eastern Europe, total sales commission increased almost 35.3% to
EUR126.2 million, with Germany recording moderate growth of 2.0% to EUR72.8
million. The six countries of OVB´s Southern and Western Europe segment suffered
in part under considerable macroeconomic problems.At EUR23.1 million, total
sales commission here fell short of the previous year´s result by 29.3%. 

The Group generated earnings before interest and taxes (EBIT) of EUR6.1 million,
equating to growth of 27.3% (previous year: EUR4.8 million). Central and Eastern
Europe contrib-uted EUR10.6 million to EBIT (previous year: EUR8.2 million),
Germany EUR6.1 million (previous year: EUR5.6 million). The EBIT loss of the
Southern and Western Europe segment amounted to EUR2.4 million (previous year:
EUR - 0.5 million). The Group´s EBIT margin was 2.7% (previous year: 2.4%).

In the past financial year, consolidated net income climbed to EUR4.2 million
(previous year: EUR4.0 million), resulting in basic earnings of EUR0.29 per
share (previous year: EUR0.28 with the same number of shares). The Executive
Board and Supervisory Board will propose to the Annual General Meeting on 5 June
2012 that it adopts a dividend of EUR0.35 for the 2011 financial year (previous
year: EUR0.50).

The number of customers increased by 2.1% year-on-year, across Europe, OVB
advises approximately 2.9 million customers. The number of full-time financial
consultants working for OVB across Europe increased from 4,600 to 4,908 sales
representatives over the course of 2011, up 6.7%. 

"In the current financial year, we are planning to continue increasing sales and
improving our results", says Michael Rentmeister, Group CEO, describing the
objectives for 2012 as a whole. 

About OVB Group

OVB Group, with its holding company headquartered in Co-logne, is one of the
leading European financial sales organ-isations. Since its founding in 1970,
customer-oriented con-sulting for private households with regard to asset
protec-tion, asset building, pension plans and real estate acquisi-tion has been
the focus of OVB´s business activities. OVB currently advises some 2.9 million
customers across Europe, working in cooperation with over 100 renowned product
part-ners. OVB is presently active in 14 countries, with 4,908 full-time
financial consultants working for the Group. In 2011, OVB Holding AG and its
subsidiaries generated total sales commission of EUR222.1 million and EBIT of
EUR6.1 million. OVB Holding AG has been listed on the Frankfurt Stock Ex-change
(Prime Standard, ISIN DE0006286560) since July 2006.

The presentation of the annual results and the annual report 2011 can be
downloaded from the Investor Relations section of

This corporate news is also available on the Internet at:

Further inquiry note:
Brigitte Bonifer
Investor Relations
Tel.: +49 (0)221 2015 288

end of announcement                               euro adhoc 

company:     OVB Holding AG
             Heumarkt  1
             D-50667 Köln
phone:       +49 (0)221 2015 0
FAX:         +49 (0)221 2015 264
sector:      Financial & Business Services
ISIN:        DE0006286560
indexes:     CDAX, Classic All Share, Prime All Share
stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
             regulated dealing/prime standard: Frankfurt 
language:   English

Original content of: OVB Holding AG, transmitted by news aktuell

All Releases
Subscribe to OVB Holding AG
  • Printable version
  • PDF version

Places in this release

Topics in this relase

Additional press releases: OVB Holding AG