17.03.2016
OVB Holding AG DE0006286560
DGAP-News: OVB Holding AG: Successful financial year in 2015: OVB Group grows profitably (news with additional features)
DGAP-News: OVB Holding AG / Key word(s): Final Results
OVB Holding AG: Successful financial year in 2015: OVB Group grows
profitably (news with additional features)
17.03.2016 / 11:00
The issuer is solely responsible for the content of this announcement.
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- Strongest year since the financial crisis
- Total sales commission and earnings up sharply
- Dividend increased by 5 euro cents to 65 euro cents
Cologne/Frankfurt am Main, 17 March 2016 - OVB can look back on a
successful year in 2015. The European financial advisory group increased
total sales commis-sion by 5.0% to EUR224.7 million. Operating income
climbed considerably to EUR14.0 million, a rise of 14.5% year on year.
"In view of the very challenging environment for our services throughout
Europe, this is a very good result. This demonstrates once again that OVB's
international positioning is an important factor of our economic success. I
am particularly pleased that we also generated sales growth in our home
market of Germany, despite more difficult market conditions," explains
Mario Freis, CEO of OVB Holding AG.
Business development in the national segments
The Southern and Western Europe segment, which has been a growth driver for
some years, increased its total sales commission by 17.8% to EUR51.6
million (previous year: EUR43.8 million). In addition to Austria, Italy and
Switzerland, the sharp rise in sales is to be credited, above all, to
Spain. Operating income in the segment rose by 49.1% to EUR6.7 million. In
the Germany segment, total sales commission increased by 3.3% to EUR64.9
million (previous year: EUR62.8 million). With a slight increase in
investments, EBIT remained stable at EUR6.5 million. Total sales commission
also climbed in the Central and Eastern Europe segment, amounting to
EUR108.2 million (previous year: EUR107.4 million). Sales were particularly
successful in Slovakia, as well as in Poland, Hungary, Romania, Croatia and
Ukraine.
"We are especially pleased that OVB recorded profitable growth overall. We
in-creased our operating margin markedly to 6.2% and also improved
consolidated net income by 7.5% to EUR9.4 million," commented CFO Oskar
Heitz with regard to the annual results.
The shareholders will also participate in the successful performance of the
busi-ness over the past year. The CEO announced the proposal to the Annual
General Meeting on 3 June 2016 of the payment of a dividend from the annual
results generated in 2015 of 0.65 euro cents per share, which is an
increase of 5 euro cents on the previous year.
2016 priorities and outlook
OVB intends to further consolidate and develop the strengths of the proven
OVB business model. Here, it will also continue to focus on successfully
developing sales and income. Moreover, the Executive Board will align the
corporate strategy with future market requirements.
OVB issued a cautious assessment of the prospects for business performance
in 2016: "The long-term business potential for private insurance and
pension provi-sion remains unchanged. However, in the current financial
year we find ourselves confronted with a difficult environment in
individual markets, particularly due to further regulatory changes. In
addition to this, people's willingness to make provi-sion for pensions is
further declining in this ongoing low-interest phase. Neverthe-less, we are
confident that we can keep earnings stable, even with a moderate decline in
sales," said CEO Mario Freis.
About OVB Group
The OVB Group, with its holding company headquartered in Cologne, is one of
Europe's leading financial advisory groups. Since being founded in 1970,
OVB's business activities have focused on long-term, comprehensive and
above all cus-tomer-oriented allfinanz consulting for private households.
OVB works with more than 100 high-performance providers and uses
competitive products to serve its clients' individual needs for subsistence
and pensions, asset building, asset protec-tion and increasing assets. OVB
currently operates in a total of 14 countries.
Over 5,000 full-time financial advisors currently advise approximately 3.24
million clients.
In 2015, OVB Holding AG and its subsidiaries generated total sales
commission of EUR224.7 million and EBIT of EUR14.0 million. OVB Holding AG
has been listed on the Frankfurt Stock Exchange (Prime Standard, ISIN
DE0006286560) since July 2006.
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Additional features:
Document: http://n.eqs.com/c/fncls.ssp?u=MFFOFGXLTD
Document title: Press Release 3/17/2016
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17.03.2016 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
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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.eu
ISIN: DE0006286560
WKN: 628656
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart
End of News DGAP News Service
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