OVB Holding AG releases figures for the first half of 2024 and increases its forecast

Cologne, 30 July 2024. OVB group generated brokerage income of €198.6 million in the first six months of 2024 (HY 1/2023: €170.6 million). Earnings before interest and taxes (EBIT) amount to €9.3 million (HY 1/2023: €6.8 million).

The Executive Board is taking this business development as an opportunity to increase its previous forecast for brokerage income in the year 2024 as a whole and now expects this to be in the range of €380 million to €395 million (previously €360 million to €385 million; financial year 2023: €354.3 million). Earnings before interest and taxes (EBIT) is likely to reach €18 million to €21 million for the year as a whole (previously €17 million to €20 million, financial year 2023: €17.8 million).

OVB plans to release the comprehensive figures on business performance in the first half year of 2024 on 13 August 2024.

Breakdown of brokerage income corresponds to the presentation on page 19 of OVB Holding AG’s 2023 annual report, EBIT breakdown corresponds to page 20 of OVB Holding AG’s 2023 annual report.

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 subsistence and property/asset insurance to pensions and asset building and growth.  

OVB currently operates in 16 European countries. 5.939 full-time financial advisors currently advise 4.55 million clients. OVB Holding AG and its subsidiaries generated brokerage income of €354.3 million and EBIT of €17.8 million in 2023. OVB Holding AG has been listed on the Frankfurt Stock Exchange (Prime Standard, ISIN DE0006286560) since July 2006.