EANS-News: OVB Holding AG /

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

Köln (euro adhoc) - OVB generated total sales commission of EUR145.2 million in
the first nine months of 2010

Sales growth of 6.1% in the Central and Eastern Europe region

Number of customers increased to 2.80 million

Consolidated sales almost at the level of the previous year

Cologne, 5 November 2010 - in the period from January to September 2010, the
OVB Group, which operates in 14 countries and is one of the leading European
financial services sales organisations, generated total sales commission of
EUR145.2 million, meaning that it almost matched the previous year´s figure of
EUR147.4 million.

In the Central and Eastern Europe segment, the growth in sales gained momentum:
total sales commission of EUR65.9 million was achieved here, 6.1% more than in
the corresponding period last year (EUR62.1 million).

In Germany, total sales commission came to EUR52.1 million in the reporting
period (previous year: EUR55.2 million).

In the Southern and Western Europe segment, business has stabilised in recent
months. Despite a number of negative factors, OVB achieved total sales
commission of EUR27.2 million in this segment; this figure is 9.6% down on the
previous year´s figure of EUR30.1 million. Halfway through the year, the decline
was still almost 25%.

In the first nine months of the 2010 financial year, the OVB Group generated
earnings before interest and taxes (EBIT) of EUR3.5 million. Operating income is
therefore EUR2.7 million, or 43.5%, down year-on-year. The Central and Eastern
Europe segment contributed EUR5.6 million to EBIT (previous year:
EUR7.7 million).

Germany increased its EBIT contribution from EUR4.2 million to EUR4.5 million.
The Southern and Western Europe region, which was still reporting a loss halfway
through the year, achieved a plus of EUR0.2 million (previous year:
EUR0.8 million). The reasons for the delayed upturn in earnings are persistently
weak markets in some European countries and the increase in the proportion of
current commissions attributable to field sales.

The EBIT margin, calculated on the basis of total sales commission, stood at
2.5% (previous year: 4.2%). "We recorded a business recovery in the first nine
months of the year", comments Oskar Heitz, Chief Financial Officer of OVB
Holding AG on the figures. "However, this still lacks the sustained character
and momentum to pick up on levels of previous years in terms of sales and
income."

Other operating expenses were reduced by 10.9% to EUR30.8 million from January
to September, which was attributable to the first results of the cost-cutting
programme.

There have been few changes to the composition of new business by product
group. Funds-based pension provision products dominate with a share of 57%
(previous year: 56%), followed by other pension provision products, accounting
for an unchanged 16%; these include traditional life and annuity policies, in
particular.

The number of customers increased year-on-year by 0.4% to 2.8 million
customers; more than 7,000 new customers have been acquired since mid-2010.

The number of financial advisors working for OVB across Europe decreased by 139
from 4,715 to 4,576 sales representatives over the same period. In Central and
Eastern Europe, the number of financial advisors increased by 1.8% to 2,778
sales representatives. A slight plus of 0.7% to 1,345 was also recorded in
Germany. In Southern and Western Europe alone, the size of the sales team shrank
by some 30% to 453 financial advisors.

"In terms of total sales commission, we are confident of being able to come
close to the previous year´s figure of some EUR200 million through the joint
efforts of all our financial consultants and employees in the last few weeks of
the year", the CEO Wilfried Kempchen explains the outlook for the year as a
whole. "In terms of earnings, we expect growth in EBIT in the direction of EUR5
million for the year as a whole."

About the OVB Group
OVB Group, with its holding company headquartered in Cologne, is one of the
leading European financial sales organisations. Since the formation of OVB
Vermögensberatung AG in Germany in 1970, customer-oriented consulting for
private households in the areas of insurance coverage, asset building and
appreciation, pension provision and real estate acquisition have formed the
focus of OVB's business activities. OVB currently advises 2.8 million customers
across Europe, working in cooperation with over 100 renowned product partners.
OVB is presently active in 14 countries, with 4,576 full-time financial
advisors working for the Group. OVB is presently active in 14 countries, with
4,576 full-time financial consultants working for the Group. In 2009, OVB
Holding AG and its subsidiaries generated total sales commission of EUR201.6
million and EBIT of EUR9.6 million. OVB Holding AG has been listed on the
Frankfurt Stock Exchange (Prime Standard, ISIN DE0006286560) since July 2006.

OVB will publish the results for the 2010 financial year on 30 March 2011.

A presentation and the interim report on the first nine months of 2010 can be
downloaded from the Investor Relations section of www.ovb.ag.

This IR release is also available on the Internet at:
www.ovb.ag->Investor Relations->IR Releases

Key figures of the OVB Group for the first three quarters of 2010

|Key operating figures|Unit |01.01. - |01.01. - |Change |
| | |30.09.2009 |30.09.2010 | |
|Customers (30 |Number in |2.79 |2.80 |+ 0.4% |
|September) |million | | | |
|Financial advisors |Number |4,715 |4,576 |- 2.9% |
|(30 September) | | | | |
|New policies |Number |372,439 |335,914 |- 9.8% |
|Total sales |EUR |147.4 |145.2 |- 1.5% |
|commission |million | | | |

|Key financial figures|Unit |01.01. - |01.01. - |Change |
| | |30.09.2009 |30.09.2010 | |
|Earnings before |EUR |6.2 |3.5 |- 43.5% |
|interest and taxes |million | | | |
|(EBIT) | | | | |
|EBIT margin* |% |4.2 |2.5 |- 1.7%-pts.|
|Consolidated net |EUR |4.7 |2.5 |- 46.8% |
|income |million | | | |
|Earnings per share |EUR |0.33 |0.18 |- 45.5% |
|(basic) | | | | |

* on the basis of total sales commission

Key figures by region for the first three quarters of 2010

| |Unit |01.01. - |01.01. - |Change |
| | |30.09.2009 |30.09.2010 | |
|Central and Eastern | | | | |
|Europe | | | | |
|Customers (30 |Number in |1.77 |1.80 |+ 1.6% |
|September) |million | | | |
|Financial advisors |Number |2,729 |2,778 |+ 1.8% |
|(30 September) | | | | |
|Total sales |EUR |62.1 |65.9 |+ 6.1% |
|commission |million | | | |
|EBIT |EUR |7.6 |5.6 |- 26.3% |
| |million | | | |
|EBIT margin* |% |12.3 |8.5 |- 3.8%-pts.|
|Germany | | | | |
|Customers (30 |Number |694,883 |684,250 |- 1.5% |
|September) | | | | |
|Financial advisors |Number |1,335 |1,345 |+ 0.7% |
|(30 September) | | | | |
|Total sales |EUR |55.2 |52.1 |- 5.6% |
|commission |million | | | |
|EBIT |EUR |4.2 |4.5 |+ 7.1% |
| |million | | | |
|EBIT margin* |% |7.6 |8.6 |+1.0%-pts. |
|Southern and Western | | | | |
|Europe | | | | |
|Customers (30 |Number |324,340 |307,843 |- 5.1% |
|September) | | | | |
|Financial advisors |Number |651 |453 |- 30,4% |
|(30 September) | | | | |
|Total sales |EUR |30.1 |27.2 |- 9.6% |
|commission |million | | | |
|EBIT |EUR |0.8 |0.2 |- 75.0% |
| |million | | | |
|EBIT margin* |% |2.5 |0.7 |- 1.8%-pts.|

* on the basis of total sales commission

Further inquiry note:
Brigitte Bonifer
Investor Relations
Tel.: +49 (0)221 2015 288
E-Mail: bbonifer@ovb.de
end of announcement euro adhoc
--------------------------------------------------------------------------------

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: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf, München
language: English

OTS-ORIGINALTEXT PRESSEAUSSENDUNG UNTER AUSSCHLIESSLICHER INHALTLICHER VERANTWORTUNG DES AUSSENDERS - WWW.OTS.AT | CNE

print