International position secures OVB stable results above the industry trend in 2013
|
Priorities for 2014
To consolidate and increase its own competitiveness, OVB will continue to work consistently in 2014 on implementing the core measures launched as part of “Strategy 2016”. Above all, the improvement of IT support will increase consulting quality and make internal processes more efficient. “On the basis of speculative applications, we have been noticing for some time that our innovation strategy, along with the preservation of existing strengths for the benefit of our sales partners, is increasingly making OVB an interesting address for entrepreneurial consultants. We will continue on this path consistently in 2014,” said Rentmeister. To gain greater influence within the existing structures, Thomas Hücker will move up into the Executive Board of the German subsidiary OVB Vermögensberatung AG at the beginning of April, where he will be responsible for the Operations department. Together with Lutz Richter (Sales) and Jürgen Kotulla (Marketing), he will strengthen OVB’s market position in Germany. Michael Rentmeister and Oskar Heitz will withdraw from the operational management of the German subsidiaries and henceforth concentrate on Group controlling.Key figures for the OVB business year 2013
Unit | 2012 | 2013 | Change | |
---|---|---|---|---|
Clients (31/12) | Number | 3.00 | 3.08 | + 2.7 % |
Financial advisors (31/12) | Number | 5,097 | 5,082 | - 0.3 % |
New business | Number | 587,140 | 503,136 | - 14.3 % |
Total sales commission | Euro million | 214.7 | 204.8 | - 4.6 % |
Unit | 2012 | 2013 | Change | |
---|---|---|---|---|
Earnings before intrest and taxes (EBIT) 1) | Euro million | 10.7 | 10.2 | - 4.5 % |
EBIT margin1) 2) | % | 5.0 | 5.0 | ± 0.0 %-pts. |
Conolidated net incom1) | Euro million | 8.3 | 8.0 | - 2.9 % |
Earnings per share (undiluted) 1) | Euro | 0.58 | 0.56 | - 3.4 % |
Dividend per share3) | Euro | 0.55 | 0.55 | ± 0.0 % |
Key figures by region business year 2013
| Unit | 2012 | 2013 | Change |
---|---|---|---|---|
Central and Eastern Europe |
|
|
|
|
Clients (31/12) | Number | 2.00 million | 2.10 million | + 5.0 % |
Financial advisors (31/12) | Number | 3,307 | 3,247 | - 1.8 % |
Total sales commission | Euro million | 121.1 | 110.5 | - 8.8 % |
EBIT | Euro million | 11.6 | 10.9 | - 5.9 % |
EBIT margin | % | 9.6 | 9.8 | + 0.2 %-pts. |
Germany |
|
|
|
|
Clients (31/12) | Number | 652,059 | 640,093 | - 1.8 % |
Financial advisors (31/12) | Number | 1,343 | 1,356 | + 1.0 % |
Total sales commission | Euro million | 66.8 | 61.3 | - 8.1 % |
EBIT | Euro million | 7.0 | 6.5 | - 7.2 % |
EBIT margin2) | % | 10.5 | 10.6 | + 0.1 %-pts. |
Southern and Western Europe |
|
|
|
|
Clients (31/12) | Number | 310,129 | 329,482 | + 6.2 % |
Financial advisors (31/12) | Number | 447 | 479 | + 7.2 % |
Total sales commission | Euro million | 26.8 | 33.0 | + 22.9 % |
EBIT1) | Euro million | 0.1 | 1.3 | > 100.0 % |
EBIT margin1) | % | 0.0 | 4.1 | + 4.1 %-pts. |