EANS-News: OVB Holding AG /
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- 6-month report Köln (euro adhoc) - OVB continues to expand sales power Sustainable growth in financial consultants, customers and new contracts Efficient cost management: Earnings before interest and taxes (EBIT) rises by 20.1% to E4.2 million International career plan the foundation for success Cologne, 9 August 2012 - OVB Holding AG continued to strengthen its sales power in the first half of 2012 in contrast to an industry that is generally in decline. Since June 2011, OVB has increased the number of its financial consultants by 292 or 6.1% to a new high of 5,054. This growth was driven primarily by the international career opportunities offered by OVB. The financial services provider, which focuses on Europe, has expanded its client base there to 2.92 million since mid 2011 The number of new contracts concluded increased by as much as 8.0% year-on-year to 271,990. Business ran stably and almost reached the figure for the previous year with total sales commission of E106.4 million despite challenging conditions throughout Europe (previous year: E109.8 million). Sales performance improved in all countries of Southern and Western Europe with the exception of Greece. Total sales commission in the six countries of the segment climbed strongly by 14.7% to E13.5 million in the half of the year under review (previous year: E11.7 million). In Central and Eastern Europe, business development was close to the previous year's level with sales of E63.4 million (previous year: E65.0 million). Adjusted for currency effects, growth in sales of E0.5 million was generated. The business performance in Germany is a result of a difficult market environment and perceptible restraint on the part of customers. Total sales commission here fell from E33.0 million to E29.6 million. The Group's operating income (EBIT) generated in the first six months of 2012 increased strongly. The increase from E3.5 million in the first half of 2011 to E4.2 million as of 30 June 2012 equates to growth of 20.1%. The Central and Eastern Europe segment contributed E5.8 million to this result (previous year: E6.3 million), the Germany segment E2.5 million (previous year: E2.7 million). The Southern and Western Europe segment reduced its loss of E-1.1 million considerably to E-0.2 million, and the central units were also able to realise cost savings. "Our efficient cost management has allowed us to increase EBIT considerably year-on-year," says Michael Rentmeister, Chief Executive Officer of OVB Holding AG. For the first half of 2012, consolidated net income was E3.0 million, 22.2% above the previous year's figure of E2.5 million. Earnings per share increased by 23.5% on the comparable period, reaching E0.21 (previous year: E0.17). Read more http://www.ovb.ag/PublicRelations/Pressemitteilungen/Archiv2012/Pressemitteilung09082012.aspx About the OVB Group The 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 2.92 million customers across Europe, working in cooperation with more than 100 renowned product partners. OVB is presently active in 14 countries, with 5,047 full-time financial consultants working ing for the Group. In 2011, OVB Holding AG and its subsidiaries generated total sales commission of E222.1 million and EBIT of E6.1 million. OVB Holding AG has been listed on the Frankfurt Stock Exchange (Prime Standard, ISIN DE0006286560)since July 2006. Further inquiry note: Brigitte Bonifer Investor Relations Tel.: +49 (0)221 2015 288 E-Mail: bbonifer@ovb.de end of announcement euro adhoc -------------------------------------------------------------------------------- company: OVB Holding AG Heumarkt 1 D-50667 Köln phone: +49 (0)221 2015 0 FAX: +49 (0)221 2015 264 mail: ovb@ovb-holding.ag WWW: www.ovb.ag sector: Financial & Business Services ISIN: DE0006286560 indexes: CDAX, Classic All Share, Prime All Share stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart, regulated dealing/prime standard: Frankfurt language: English
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