OVB in its 50th anniversary year: highest sales in the company's history
Brokerage income rises to €270.6 million
EBIT improves to €14.9 million
Considerable growth in clients and financial advisors
Stable dividend of €0.75 plus €0.25 anniversary bonus
2019
2020
Change
Clients
3.76 million
3.96 million
+ 5.5 %
Financial advisors
5,069
5,248
+ 3.5 %
Brokerage income
€257.8 million
€ 270.6 million
+ 4.9 %
EBIT
€ 14.1 million
€ 14.9 million
+ 5.7 %
Consolidated net income after non-controlling interests
€ 11.0 million
€ 10.5 million
- 4.8 %
Earnings per share
€ 0.77
€ 0.74
- 4.8 %
Dividend per share (proposal)
€ 0.75
€ 0.75 + € 0.25
+ 33.3 %
Presentation to the 2021 Annual General Meeting of OVB Holding AG - 9 June 2021
Slide 2
Brokerage income, 2010 to 2020*
300
250
257.8
270.6
200
222.1
224.7
231.8
225.3
231.3
214.7
214.0
204.8
197.3
150
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
* in € million, rounded; previously total sales commissions
Presentation to the 2021 Annual General Meeting of OVB Holding AG - 9 June 2021
Slide 3
Consolidated sales hit historic high in 2020
Considerable year-on-year growth of 6.0% in Central and Eastern Europe
Germany close to previous year's level at -0.4%
Southern and Western Europe also see substantial growth of 7.6% against previous year
Group
+ 4.9 %
257.8
270.6
2019
2020
Central and Eastern Europe
+ 6.0 %
122.9
130.4
2019
2020
Germany
- 0.4 %
61.6
61.3
2019
2020
Southern and Western Europe
+ 7.6 %
73.3
78.9
2019
2020
(in € million, rounded)
Presentation to the 2021 Annual General Meeting of OVB Holding AG - 9 June 2021
Slide 4
EBIT higher than forecast
14.9
▪
14.1
4.2
4.8
8.1
▪
7.9
14.2
11.1
- 9.7
- 11.6
2019
2020
(in € million, rounded)
Group EBIT essentially reflects good performance in the Central and Eastern Europe and Germany regions
Development of EBIT in the Southern and Western Europe segment influenced by COVID-19 and digitization expenses
Southern and Western Europe
Germany
Central and Eastern Europe
Central units and consolidation
Presentation to the 2021 Annual General Meeting of OVB Holding AG - 9 June 2021
Slide 5
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OVB Holding AG published this content on 10 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 June 2021 14:54:00 UTC.
OVB Holding AG is a Germany-based provider of financial consulting services. Its service portfolio comprises basic protection, asset protection and asset generation and wealth management: basic protection focuses on the protection against existential risks, such as health care, income support and retirement provision; asset protection comprises insurance coverage, including personal liability insurance, household contents insurance and residential building insurance, among others; asset generation specializes in the generation of assets, such as real estate properties, and wealth management provides general wealth management services. The Company operates through subsidiaries in Germany, Austria, Switzerland, Greece, Italy, Spain, the Czech Republic, Slovakia, Poland, Hungary, Croatia, Romania and the Ukraine.