OVB Holding AG

O4B

Equity

ISIN DE0006286560 / Valor 2629932

Xetra (2024-12-23)

EUR 19.40%

OVB Holding AG
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About company

t's insurance, pensions, or asset building and growth, OVB Holding AG, as the management holding company of the OVB Group, is a leading financial brokerage group in Europe. With a focus on long-term, customer-oriented financial consulting for private households, OVB works with over 100 product partners to provide tailored solutions for its 4 million clients through a network of more than 5,000 financial agents. By analyzing clients' financial situations and goals, OVB ensures that its services are personalized, affordable, and flexible, with regular reviews and adjustments to meet changing needs. As OVB continues to expand its presence in 16 European markets, the company remains committed to sustainable growth and improvement in the finance and insurance industry.

Summarized from source with an LLMView SourceSector: Finance

Revenue Growth

In the first quarter of 2024, OVB Holding AG reported a significant increase in brokerage income, which rose by 16.1% to €96.8 million compared to the same period in the previous year. This growth was driven by robust sales performance across all three of the Group's segments, with particularly strong increases in the Southern and Western Europe segment.

Profit Increase

OVB Holding AG's consolidated net profit after non-controlling interests saw a substantial rise of 87.2% in Q1 2024, reaching €4.4 million. This improvement in profitability reflects the effective management and operational efficiency within the company. Earnings per share also nearly doubled from €0.16 to €0.31.

Client and Advisor Growth

During the first quarter of 2024, OVB Holding AG expanded its client base by 6.5%, reaching 4.55 million clients. Additionally, the number of full-time financial advisors grew by 2.7%, totaling 5,939 advisors. This expansion underscores OVB's ongoing commitment to broadening its market reach and enhancing client service capabilities.

Financial Outlook

For the full year 2024, OVB Holding AG projects brokerage income to be between €360 million and €385 million. The company anticipates operating income to range from €17 million to €20 million, despite the ongoing investments into the "OVB Excellence 2027" strategy. This outlook is set against a backdrop of macroeconomic uncertainties but reflects a continued positive sales trend.

Dividend Proposal

OVB Holding AG has proposed a dividend of €0.90 per share for the financial year 2024, which will be discussed at the upcoming Annual General Meeting on 12 June 2024. This proposal translates to a total dividend payout of €12.83 million, demonstrating the company's strong financial health and commitment to returning value to shareholders.

Summarized from source with an LLMView Source

Key figures

4.30%1Y

-22.4%3Y

16.2%5Y

Performance

20.7%1Y

23.0%3Y

23.9%5Y

Volatility