OVB Holding AG releases preliminary figures for the first half of 2021 and provides detailed guidance for year as a whole
According to preliminary figures, the OVB Group anticipates operating income (EBIT) of around €12.4 million in the first half of 2021 (H1 2020: €7.5 million). OVB increased its brokerage income by 21.8% year-on-year to €159.2 million in the first six months.
OVB Holding AG reports provisional figures as of 31 March 2021 and increases its full-year forecast
OVB Holding AG (O4B, ISIN DE0006286560) managed to increase its sales income significantly in the first quarter of 2021. According to preliminary calculations, brokerage income for the first quarter of 2021 amounts to between Euro 75 million and Euro 80 million (first quarter of 2020: Euro 66.8 million). The operating result (EBIT) will probably be considerably above the prior-year amount of comparison (first quarter of 2020: Euro 3.9 million).
OVB Holding AG’s proposal for the appropriation of net profit for the 2020 financial year provides for an anniversary bonus of €0.25 in addition to the stable dividend of €0.75
As part of the discussion regarding the financial statements during the Supervisory Board meeting on 17 March 2021, the Executive Board and the Supervisory Board decided, given the still positive outlook for the 2021 financial year that will seamlessly continue the good performance of 2020, to pay special attention to OVB’s 50th anniversary and to propose to the Annual General Meeting the distribution of an anniversary bonus of €0.25 for the 2020 financial year in addition to the dividend per share of €0.75.
OVB Holding AG expects to surpass its previous full-year forecast for 2020
After overall positive business performance for the year as a whole, OVB Holding AG anticipates on the basis of preliminary figures for the 2020 financial year to record operating income (EBIT) of €14.9 million (2019 financial year: €14.1 million), plus €270.6 million in brokerage income (2019 financial year: €257.8 million).