DGAP-News
OVB on course after nine months (news with additional features) - Seite 2
are pleased that the measures introduced in 2013 and 2014 are currently
showing results and we can thus hold our own in our home market based on
our own operating strength," said Michael Rentmeister when announcing the
nine-month results.
Despite weak markets in the Czech Republic and Poland caused by increasing
regulation, brokerage income in the Central and Eastern Europe segment rose
by 0.9% to EUR80.7 million in the reporting period (Q1-Q3 2014: EUR80.0
million). "Unfortunately, as a result of the ongoing regulation discussions
in these two countries, we have experienced a net loss of advisors. We
share this fate with the whole industry. Declining advisor numbers will
ultimately lead to an increase in inadequate retirement planning within the
population here, too. What can be achieved under stable conditions can be
seen in the rest of the Central and Eastern Europe segment, particularly in
Slovakia.
Substantial increase in earnings
Earnings increased disproportionately to sales, with all segments
contributing to an overall increase in earnings of 24.9%. The OVB Group's
operating income totalled EUR10.3 million on 30 September 2015 after EUR8.3
million in the same period of the previous year. In a year-on-year
comparison the Group's EBIT margin based on total sales commission improved
considerably from 5.3% to 6.2%. Earnings per share rose by 13.3%.
Slightly improved outlook for 2015
After nine months, OVB is raising its earnings forecast slightly for 2015
as a whole: the company expects sales to climb slightly in 2015 compared to
2014 and forecasts that operating income could rise again markedly as
against the significantly improved result for 2014. OVB had previously
anticipated stable earnings performance.
The full report on the first nine months of 2015 can be found at
www.ovb.eu/Financial reports. You can obtain further information from the
Investor Relations section at www.ovb.eu. This press release is also
available on the Internet at www.ovb.eu > in Dialogue > Press Releases
About OVB Group
OVB Group, with its holding company headquartered in Cologne, is one of the
leading European financial sales organisations. Since its founding in 1970,
customer-oriented consulting for private households with regard to asset
protection, asset building, pension plans and real estate acquisition has
been the focus of OVB's business activities. OVB currently advises some 3.3
million customers across Europe, working in cooperation with over 100
renowned product partners.
OVB is presently active in 14 countries, with more than 5,000 full-time
financial advisors working for the Group. In 2014, OVB Holding AG and its
subsidiaries generated total sales commission of EUR214.0 million and EBIT
of EUR12.3 million. OVB Holding AG has been listed on the Frankfurt Stock
Exchange (Prime Standard, ISIN DE0006286560) since July 2006.
+++++
Additional features:
Document: http://n.equitystory.com/c/fncls.ssp?u=QSKFORQFPW
Document title: Nine-Month Report 2015
---------------------------------------------------------------------
13.11.2015 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: ir@ovb.eu
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
---------------------------------------------------------------------
412763 13.11.2015
Earnings increased disproportionately to sales, with all segments
contributing to an overall increase in earnings of 24.9%. The OVB Group's
operating income totalled EUR10.3 million on 30 September 2015 after EUR8.3
million in the same period of the previous year. In a year-on-year
comparison the Group's EBIT margin based on total sales commission improved
considerably from 5.3% to 6.2%. Earnings per share rose by 13.3%.
Slightly improved outlook for 2015
After nine months, OVB is raising its earnings forecast slightly for 2015
as a whole: the company expects sales to climb slightly in 2015 compared to
2014 and forecasts that operating income could rise again markedly as
against the significantly improved result for 2014. OVB had previously
anticipated stable earnings performance.
The full report on the first nine months of 2015 can be found at
www.ovb.eu/Financial reports. You can obtain further information from the
Investor Relations section at www.ovb.eu. This press release is also
available on the Internet at www.ovb.eu > in Dialogue > Press Releases
About OVB Group
OVB Group, with its holding company headquartered in Cologne, is one of the
leading European financial sales organisations. Since its founding in 1970,
customer-oriented consulting for private households with regard to asset
protection, asset building, pension plans and real estate acquisition has
been the focus of OVB's business activities. OVB currently advises some 3.3
million customers across Europe, working in cooperation with over 100
renowned product partners.
OVB is presently active in 14 countries, with more than 5,000 full-time
financial advisors working for the Group. In 2014, OVB Holding AG and its
subsidiaries generated total sales commission of EUR214.0 million and EBIT
of EUR12.3 million. OVB Holding AG has been listed on the Frankfurt Stock
Exchange (Prime Standard, ISIN DE0006286560) since July 2006.
+++++
Additional features:
Document: http://n.equitystory.com/c/fncls.ssp?u=QSKFORQFPW
Document title: Nine-Month Report 2015
---------------------------------------------------------------------
13.11.2015 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: ir@ovb.eu
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
---------------------------------------------------------------------
412763 13.11.2015
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