OVB achieves a dynamic start to the year in 2015
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A further increase in the number of OVB financial advisors and customers
In the first quarter of 2015, OVB again increased the number of customers it advises. The customer base has grown by 4.5% within a year to stand at 3.24 million customers. At the end of March, 5,204 financial advisors were working for OVB throughout Europe, 86 more than a year before.Sales and earnings forecast for 2015 confirmed
"After the first three months, we are optimistic about the rest of the year and are on track", says Michael Rentmeister. In view of the Q1/2015 results, OVB confirms its expectation of matching operating earnings achieved in 2014 in 2015, if sales revenues rise slightly.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 3.2 million customers across Europe, working in cooperation with over 100 renowned product partners. OVB is presently active in 14 countries, with 5,204 full-time financial advisors working for the Group. In 2014, OVB Holding AG and its subsidiaries generated total sales commission of €214.0 million and EBIT of €12.3 million. OVB Holding AG has been listed on the Frankfurt Stock Exchange (Prime Standard, ISIN DE0006286560) since July 2006.Key figures of the OVB Group for Q1/2015
Unit | 01/01– | 01/01- | Change | |
---|---|---|---|---|
Clients (31 Mar.) | Million | 3.10 | 3.24 | + 4.5 % |
Financial advisors (31 Mar.) | Number | 5,118 | 5,204 | + 1.7 % |
Total sales commission | € million | 49.7 | 54.5 | + 9.7 % |
| Unit | 01/01– | 01/01- | Change |
---|---|---|---|---|
Earnings before interest and taxes (EBIT) | € million | 1.6 | 2.2 | + 36.0 % |
EBIT margin* | % | 3.3 | 4.1 | + 0.8 %-pts. |
Consolidated net income | € million | 1.4 | 1.6 | + 14.5 % |
Earnings per share (basic) | € | 0.10 | 0.11 | + 10,0 % |
| Unit | 01/01– | 01/01- | Change |
---|---|---|---|---|
Central and Eastern Europe | ||||
Clients (31 Mar.) | Number | 2.13 million | 2.22 million | + 4.2 % |
Financial advisors (31 Mar.) | Number | 3,215 | 3,260 | + 1.4 % |
Total sales commission | € million | 25.6 | 26.6 | + 3.7 % |
EBIT | € million | 1.4 | 1.8 | + 31.1 % |
EBIT margin* | % | 5.3 | 6.7 | + 1.4 %-pts. |
Germany | ||||
Clients (31 Mar.) | Number | 633,996 | 645,371 | + 1.8 % |
Financial advisors (31 Mar.) | Number | 1,358 | 1,329 | - 2.1 % |
Total sales commission | € million | 14.1 | 15.2 | + 7.6 % |
EBIT | € million | 1.3 | 1.3 | + 3.7 % |
EBIT margin* | % | 8.9 | 8.5 | - 0.4 %-pts. |
Southern and Western Europe | ||||
Clients (31 Mar.) | Number | 337,944 | 372,776 | + 10.3 % |
Financial advisors (31 Mar.) | Number | 545 | 615 | + 12.8 % |
Total sales commission | € million | 9.9 | 12.7 | + 28.1 % |
EBIT | € million | 1.0 | 1.3 | + 33.2 % |
EBIT margin* | % | 9.9 | 10.2 | + 0.3 %-pts. |