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.
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
- 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
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