PTA-Adhoc: OVB Holding AG: OVB Holding AG releases preliminary figures for the first half of 2021 and provides detailed guidance for the whole year

8/2/2021, 12:25 PM (Source: pressetext)
Cologne (pta028/02.08.2021/12:25) - Cologne, 2 August 2021 - According to preliminary figures, the OVB Group anticipates operating income (EBIT) of around Eur12.4 million in the first half of 2021 (H1 2020: Eur7.5 million). OVB increased its brokerage income by 21.8% year-on-year to Eur159.2 million in the first six months.

Public disclosure of inside information according to article 17 MAR

Cologne (pta028/02.08.2021/12:25) - Cologne, 2 August 2021 - According to preliminary figures, the OVB Group anticipates operating income (EBIT) of around Eur12.4 million in the first half of 2021 (H1 2020: Eur7.5 million). OVB increased its brokerage income by 21.8% year-on-year to Eur159.2 million in the first six months.

The Executive Board is taking this business performance as an opportunity to flesh out its previous guidance for the year as a whole and now anticipates EBIT between Eur19 million and Eur22 million for 2021 as a whole (2020: Eur14.9 million). Brokerage income is likely to reach Eur300 million to Eur310 million for the year as a whole (2020: Eur270.6 million).

OVB plans to release the final figures on business performance in H1 2021 on 11 August 2021.

EBIT breakdown is shown on page 29 of OVB Holding AG's 2020 annual report.

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emitter: OVB Holding AG
address: Heumarkt 1, 50667 Köln
country: Germany
contact person: Brigitte Bonifer
phone: +49 221 20 15-288
e-mail: bbonifer@ovb.de
website: www.ovb.eu

ISIN(s): DE0006286560 (share)
stock exchanges: regulated market in Frankfurt; free market in Stuttgart, free market in Munich, free market in Hamburg, free market in Dusseldorf, free market in Hannover; open market in Berlin

[ source: http://www.pressetext.com/news/20210802028 ]