OVB Holding AG confirms the successful development over recent years and the new strategic orientation at the Annual General Meeting

• All items on agenda approved by large majority of shareholders
• Dividend of 0.90 euros per share confirmed
• Another sales record and dynamic performance in the latest quarter provide tailwind for the "OVB Excellence 2027" strategy period

Cologne, 12 June 2024. OVB Holding AG (ISIN: DE0006286560) successfully held its Annual General Meeting today at the Dorint Hotel am Heumarkt in Cologne. The shareholders approved all items on the agenda by a large majority. In addition to the presentation of the annual financial statements, the agenda included the appropriation of net profit, the ratification of the actions of the Management Board and Supervisory Board, the election of the auditor for the financial year 2024, the approval of the remuneration report and an amendment to the Articles of Association due to the German Future Financing Act.

In his speech, Mario Freis, CEO of OVB Holding AG, looked back once again on the successful financial year 2023 and referred, among other things, to the strong sales growth, which has now reached a new high of €354.3 million. The number of clients and financial advisors was also increased and EBIT remained as planned. The CEO also took the opportunity to look back on the first quarter of 2024. Here, the company achieved significant growth in all regional segments with a further increase in the number of clients and financial advisors and a considerable overall increase in sales and earnings in the Group.

Mario Freis summarises: "OVB is heading towards its 55th anniversary year 2025 and can look back on a very successful first quarter of 2024 with a strong increase in sales and earnings. Our growth momentum increased significantly over the course of the financial year 2023 and also especially in the current year. This positive development is no doubt also due to the company's strategic orientation.”

After outlining the cornerstones of the new "OVB Excellence 2027" corporate strategy at last year's Annual General Meeting, the CEO went into greater detail this year. In addition to the customers at the heart of the strategy and the four focus topics of "Sales and Career Excellence", "Expansion and Innovation", "Operational Excellence" and "People and Organization", the specific strategic areas of action were outlined. Freis also emphasised the importance of a sustainable focus and a corporate environment characterised by equal opportunities and diversity.

Shareholders approve dividend of 0.90 euros

The shareholders approved the distribution of a dividend of 0.90 euros per share. With 14,251,314 no-par value shares entitled to dividends, this corresponds to a distribution volume of 12,826,182.60 euros.

In addition, the actions of the Management Board and Supervisory Board were approved and KPMG AG Wirtschaftsprüfungsgesellschaft, Düsseldorf, was appointed as auditor and group auditor for the financial year 2024 and as auditor for any audit review of interim financial reports to be prepared prior to the 2025 Annual General Meeting. KPMG AG was also appointed as the auditor for the 2024 sustainability report.

The shareholders also approved the remuneration report submitted for the financial year 2023 and voted in favour of amending the Articles of Association to bring the wording into line with the German Future Financing Act, which has now come into force.

Overall, 96.99% of the share capital was represented at the Annual General Meeting.

The voting results can be viewed in detail at https://www.ovb.eu/english/investor-relations-1.html. The full speech by the Chairman of the Executive Board of OVB Holding AG at the Annual General Meeting is also available at this address.

About the OVB Group

The OVB Group, with its holding company headquartered in Cologne, is one of Europe’s leading financial advisory groups. Since being founded in 1970, OVB’s business activities have focused on long-term, comprehensive and above all customer-oriented financial consulting for private households.

OVB works with more than 100 high-performance providers and uses competitive products to serve its clients’ individual needs, from ensuring subsistence and the securing of property/asset to pensions and asset building and growth.

OVB is currently active in 16 European countries. 5,939 full-time financial advisors serve 4.55 million clients. In 2023, OVB Holding AG and its subsidiaries generated brokerage income of 354.3 million euros and EBIT of 17.8 million euros. OVB Holding AG has been listed on the Frankfurt Stock Exchange (Prime Standard, ISIN DE0006286560) since July 2006.