OVB Holding AG reports provisional figures as of 31 March 2021 and increases its full-year forecast
Cologne, 19 April 2021 – 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).
Subject to the further impact of the persistent COVID-19 pandemic that cannot be estimated yet, the Company is currently expecting a significant increase in brokerage income and operating result (EBIT) for the full year 2021. So far OVB had anticipated for the 2021 financial year that brokerage income would increase slightly compared to the 2020 financial year (Euro 270.6 million) and that the EBIT would show a stable performance at the level of the 2020 financial year (Euro 14.9 million).
OVB Holding AG will release the full results for the first quarter 2021 on 11 May 2021.
The breakdown of the EBIT corresponds to the presentation on page 52 of the 2020 Annual Report of OVB Holding AG.
About the 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 customer-oriented financial consulting for private households.
OVB works with more than 100 high-performance providers and uses competitive products to serve its clients’ individual needs, from subsistence and property/asset insurance to pensions and asset building and growth. OVB currently operates in 15 European countries. More than 5,000 full-time financial advisors advise more than 3.90 million clients. In 2020, OVB Holding AG and its subsidiaries generated brokerage income of €270.6 million and EBIT of €14.9 million.
OVB Holding AG has been listed on the Frankfurt Stock Exchange (Prime Standard, ISIN DE0006286560) since July 2006.