DGAP-News
OVB Holding AG: Successful financial year in 2015: OVB Group grows profitably (news with additional features) - Seite 2
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.
+++++
Additional features:
Document: http://n.eqs.com/c/fncls.ssp?u=MFFOFGXLTD
Document title: Press Release 3/17/2016
---------------------------------------------------------------------------
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: 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
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446401 17.03.2016
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.
+++++
Additional features:
Document: http://n.eqs.com/c/fncls.ssp?u=MFFOFGXLTD
Document title: Press Release 3/17/2016
---------------------------------------------------------------------------
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
---------------------------------------------------------------------------
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
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446401 17.03.2016
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