13.08.2014 OVB Holding AG  DE0006286560

DGAP-News: OVB shows strength in Europe (news with additional features)

DGAP-News: OVB Holding AG / Key word(s): Half Year Results/Interim Report OVB shows strength in Europe (news with additional features) 13.08.2014 / 07:45 --------------------------------------------------------------------- OVB shows strength in Europe - Significant earnings increase based on strategic measures - Further growth in sales power and number of clients Cologne, 13 August 2014 - The European financial service provider OVB increased its total sales by 2.3% to EUR103.7 million in the first half of 2014. After an anticipated modest performance in the first quarter of 2014, the Group's sales rose strongly by around 16% year-on-year in the second quarter of 2014. Despite these successes, Michael Rentmeister, CEO of OVB Holding AG, expressed concern over private pensions in Europe: "We are currently seeing an emotionally charged discussion of life insurance and remuneration models for financial consultants making headlines. And this is happening even though it is clear and has been largely accepted by clients that good advice has its price. So it should be much more important to pillory the devastating effects of the targeted low interest policy on pensions: It really is the same as dispossessing pension savers and is doing substantial harm to people's notions about their own pensions, which they urgently need. Those who draw false conclusions could end up paying a high price: poverty when they are old." Growth in client numbers, financial consultant numbers and new contracts The fact that the need for comprehensive consulting on financial and pension issues exists can be seen by the growth achieved by OVB in clients, consultants and the number of new contracts brokered: Since the middle of 2013, the OVB Group has expanded its client base to currently 3.14 million clients. The number of new contracts concluded rose by 5.7% year-on-year to 247,349. The number of financial consultants working full-time for OVB climbed by 3.5% in the past twelve months to 5,134. "We are clearly seeing how crucial it is to systematically continue the core measures initiated in 2012 on our way to becoming Europe's leading system sales company. Measures such as BOOST(Best of OVB Success Teams), with which OVB supports successful entrepreneurship in Europe with transparent best practices that can be multiplied throughout a company are now having a sustainable effect and are boosting our new business in a demanding field," said Rentmeister of the positive development in the Group's key operating figures. Clearly positive business performance on many national markets In the first half of 2014, the OVB Group posted a highly positive sales performance in Spain, Hungary, Poland, Italy and Switzerland. Business in Germany was stable. Sales losses in the Czech Republic at the start of the year were offset by a good performance on almost all other markets of the Central and Eastern Europe segment; for example, OVB Slovakia's sales growth was nearly 5%. The dynamic business development of the first quarter in Southern and Western Europe continued in the second. Overall, total sales commission in this segment rose by 30.5% in the first six months of the year from EUR16.2 million in the previous year to EUR21.1 million in the reporting period. "This shows once again how clever and prescient the decision at the start of the 1990s was to transplant OVB's winning business model to 13 international markets to date. Today we are the only one-stop financial services provider established throughout Europe offering its consultants a unique business model with international career opportunities," commented Rentmeister on the high stability afforded by the Group's international outlook. Dynamic earnings development In the period from January to June 2014, the OVB Group generated EBIT of EUR4.7 million, up 22.7% on the prior-year figure of EUR3.9 million. The main stimulus for this positive development came from the Southern and Western Europe segment, where operating earnings tripled to EUR2.2 million (previous year: EUR0.7 million). While some of OVB's national markets are currently enjoying dynamic growth, the strategic focus in countries such as Germany, the Czech Republic and Slovakia is currently essentially on stable earnings contributions, which these countries are delivering in a challenging environment as well. In the first half of 2014, the Group's EBIT margin based on total sales commission improved to 4.6% after 3.8% in the same period of the previous year. The rise in operating earnings and earnings per share is even more significant: EBIT surged by 84.9% quarter-on-quarter and by 22.7% year-on-year. The earnings per share generated by OVB for its shareholders in the period from January to June climbed by 35% from 20 euro cents to 27 euro cents. Outlook for 2014 confirmed OVB is reiterating its forecast of a slight increase in sales for 2014 as a whole as against 2013 with stable operating earnings on this basis. "In the quarters ahead, we will focus on profiting further from our strengths, such as our far-reaching European presence and our comprehensive OVB ACS (Analysis - Consulting - Service) system. In addition, we wish the maelstrom of increasing market impediments and regulation mania would steadily calm down a little, so that business can finally concentrate on the demographic challenges," said Michael Rentmeister of the seemingly never-ending flood of regulation. About the OVB Group The OVB Group, with its holding company headquartered in Cologne, is one of Europe's leading financial service providers. Since being founded in 1970, OVB's business activities have focused on comprehensive consulting for private households. OVB works with more than 100 high-performance providers and uses competitive products to serve its clients' individual needs for retirement provision, asset and proberty protection as well a asset generation and wealth management. OVB currently operates in a total of 14 countries. Around 5,100 full-time financial consultants currently advise approximately 3.1 million clients. In 2013, OVB Holding AG and its subsidiaries generated total sales commission of EUR204.8 million and EBIT of EUR10.2 million. OVB Holding AG has been listed on the Frankfurt Stock Exchange (Prime Standard, ISIN DE0006286560) since July 2006. The presentation and the interim report on the first six months of 2014 can be downloaded from the Investor Relations section of www.ovb.eu. This press release is also available on the Internet at: www.ovb.eu > Press > Press Releases +++++ Additional features: Document: http://n.equitystory.com/c/fncls.ssp?u=WVHKCSMFBP Document title: Press Release 08/13/2014 --------------------------------------------------------------------- 13.08.2014 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: OVB Holding AG Heumarkt 1 50667 Köln Germany Phone: +49 221 2015 - 0 Fax: +49 221 2015 - 264 E-mail: [email protected] Internet: www.ovb.ag ISIN: DE0006286560 WKN: 628656 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 281995 13.08.2014

Die wichtigsten Finanzdaten auf einen Blick
  2016 2017 2018 2019 2020 2021 2022e
Umsatzerlöse1 227,54 231,31 242,74 269,06 280,72 3.070,00 0,00
EBITDA1,2 20,13 20,08 17,43 20,96 21,84 0,00 0,00
EBITDA-Marge3 8,85 8,68 7,18 7,79 7,78 0,00 0,00
EBIT1,4 16,52 15,97 13,16 14,08 14,89 21,40 0,00
EBIT-Marge5 7,26 6,90 5,42 5,23 5,30 0,70 0,00
Jahresüberschuss1 12,69 12,34 9,73 11,25 10,72 0,00 0,00
Netto-Marge6 5,58 5,33 4,01 4,18 3,82 0,00 0,00
Cashflow1,7 17,86 13,75 15,47 21,59 30,06 0,00 0,00
Ergebnis je Aktie8 0,88 0,85 0,67 0,77 0,74 0,91 0,95
Dividende8 0,75 0,75 0,75 0,75 1,00 0,75 0,75
Quelle: boersengefluester.de und Firmenangaben

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1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: PricewaterhouseCoopers

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OVB Holding
WKN Kurs in € Einschätzung Börsenwert in Mio. €
628656 25,200 Halten 359,13
KGV 2023e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
24,47 26,50 0,92 35,39
4,77 11,95 1,28 16,44
Dividende '20 in € Dividende '21e in € Div.-Rendite '21e
in %
1,00 0,75 2,98 15.06.2022
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
11.05.2022 10.08.2022 09.11.2021 23.03.2022
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
1,61% 10,03% 0,80% 39,23%
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