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EANS-News: OVB Holding AG /

Geschrieben am 09-08-2012

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Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
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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/Press
emitteilung09082012.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
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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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