EANS-Adhoc: OVB Holding AG /
ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement.
6-month report
28.07.2009
OVB Holding AG
Heumarkt 1, 50667 Cologne
ISIN DE0006286560 / WKN 628656 Ad hoc announcement in accordance with Section 15 of the Securities Trading Act
. Muted demand for financial products
. Full-year forecast adjustedCologne, July 28, 2009 - In response to the protracted restraint in sales of
financial products in the second quarter of 2009, particularly in Central and Eastern Europe, financial services provider OVB has adjusted its full-year targets for 2009. Originally, it had be expecting to more or less achieve the total commission (EUR 246 million) and operating profit/EBIT (EUR 29 million) recorded in 2007 in the current year. However, OVB is now looking for total commission in a corridor of between EUR 190 and 200 million, while operating profit/EBIT should come to at least EUR 10 million in 2009.
In the first half of 2009, OVB recorded total commission of EUR 100.7 million (previous year EUR 132.5 million) in tandem with operating profit/EBIT of EUR 4.9 million (previous year EUR 16.7 million).
OVB will be publishing detailed information on its business performance in the first half of 2009 on Thursday, August 13, 2009.
End of the ad hoc announcement
For further information, please contact: OVB Holding AG, Investor Relations Tel. +49 (0) 221 2015 288 Fax +49 (0) 221 2015 325 ir@ovb.ag
end of announcement euro adhoc
Further inquiry note:
Brigitte Bonifer
Investor Relations
Tel.: +49 (0)221 2015 288
E-Mail: bbonifer@ovb.de
Branche: Financial & Business Services
ISIN: DE0006286560
WKN: 628656
Index: CDAX, Classic All Share, Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade