OVB Holding AG: Brokerage income anticipated to exceed expectations in 2021
Cologne – 17 February 2022. After a very positive overall performance in 2021, OVB Holding AG expects to exceed its forecast for brokerage income (€300 million to €310 million). According to preliminary figures, OVB Holding AG expects brokerage income to amount to slightly more than €320 million in 2021 (2020: €270.6 million).
As announced in the ad hoc disclosure from 2 August 2021, OVB Holding AG had last expected operating income (EBIT) for 2021 to be between €19 million and €22 million. According to preliminary figures, OVB Holding AG expects to achieve EBIT of between €21 million and €22 million (2020: €14.9 million).
The annual press and analysts conference will take place as scheduled on 23 March 2022 – presumably in an online format.
EBIT breakdown is shown on page 52 of OVB Holding AG’s 2020 annual report.
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. 5,466 full-time financial advisors support 4.09 million clients. OVB Holding AG and its subsidiaries generated brokerage income of €270.6 million and EBIT of €14.9 million in 2020. OVB Holding AG has been listed on the Frankfurt Stock Exchange (Prime Standard, ISIN DE0006286560) since July 2006.
OVB Holding AG has been listed on the Frankfurt Stock Exchange (Prime Standard, ISIN DE0006286560) since July 2006.
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