EANS-News: OVB Holding AG /
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- quarterly report Köln (euro adhoc) - Q1: OVB increases earnings significantly Total sales reach EUR54.3 million EBIT grows 12.3% Number of consultants exceeds 5,000 mark Confirmation of the annual forecast Cologne, 9 May 2012 - In the first quarter of 2012, OVB achieved total sales commission of EUR54.3 million (Q1 2011: EUR54.1 million). Operating income (EBIT) increased by a disproportionate 12.3% to EUR1.9 million. Net income climbed from EUR1.2 million to EUR1.4 million. "Earnings performance in the first quarter shows that we have made good progress on our way to increasing our earnings power," says CEO Michael Rentmeister. Sales power is also on the rise with more than 5,000 financial consultants (up 8.5%). "These are positive results, and I am confident that we will achieve our growth targets for sales and earnings for 2012," Rentmeister continues. Business in Central and Eastern Europe continues to grow at a high level; brokerage income increased 3.4% to EUR31.5 million. In the six countries of the Southern and Western Europe segment, business recovered palpably in the first three months of 2012. Sales increased to EUR7.1 million (EUR5.9 million). In Germany, total sales commission decreased to EUR15.7 million (EUR17.7 million). The Group's EBIT increased to EUR1.9 million (EUR1.7 million). This is growth of 12.3%. The EBIT contribution from Central and Eastern Europe was EUR2.7 million (EUR2.8 million). In Germany, operating income sank from EUR1.7 million to EUR1.4 million. The EBIT loss of the Southern and Western Europe segment decreased to EUR-0.1 million (EUR-0.3 million). The EBIT margin - calculated on the basis of total sales commission - was 3.6% (3.2%). Consolidated net income for January to March 2012 reached EUR1.4 million (EUR1.2 million), resulting in basic earnings of EUR0.10 per share (EUR0.09) with the same number of shares. The number of customers advised by OVB is increasing all the time and had reached 2.89 million (2.82 million) as of 31 March 2012. At the end of March 2012, 5,047 financial consultants were working full-time for OVB, 396 more than a year before. 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 2.9 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 for the Group. In 2011, OVB Holding AG and its subsidiaries generated total sales commission of EUR222.1 million and EBIT of EUR6.1 million. OVB Holding AG has been listed on the Frankfurt Stock Exchange (Prime Standard, ISIN DE0006286560) since July 2006. The presentation of the results of the first quarter and the interim report can be downloaded from the Investor Relations section of www.ovb.ag. This corporate news is also available on the Internet at http://www.ovb.ag/PublicRelations/Pressemitteilungen.aspx 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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