OVB improves consolidated net profit by 15% in the first quarter of 2008

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companies/First Quarter 2008

Cologne (euro adhoc) - - Sales up by 9% to EUR69.4 million
- EBIT reaches an all-time high at EUR10 million
- Earnings per share of EUR0.55 (15% increase)
- Number of consultants rises by 16%
- Customer base grows by 7%

Cologne, 15 May 2008 - OVB Holding AG (Prime Standard, ISIN
DE0006286560) has closed the first quarter of 2008 on a successful
note and further improved its key figures. Total sales commission
rose by 9% as against the already excellent previous year´s quarter
and reached the highest quarterly value yet at EUR69.4 million
(previous year: EUR63.8 million). The sales increase in Southern and
Western Europe was particularly strong, with total sales commission
increasing by 18% over the last year (EUR2.1 million) to EUR13.8
million as against the first quarter of 2007. In Central and Eastern
Europe, total sales commission grew by 14% (EUR4.0 million) to
EUR32.4 million. In the Germany segment total sales commission was
slightly below the previous year´s value of EUR23.7 million at
EUR23.2 million (down 2%). New German policies were not significantly
influenced by the impact of the so-called "Riester steps". Earnings
before interest and taxes (EBIT) of EUR10.0 million, after EUR9.6
million in the previous year´s quarter, also represented the best
value yet achieved at the beginning of a year. The EBIT margin -
based on total sales commission - was 14.5%. In the financial year
2007 as a whole, the EBIT margin amounted to 11.8% as against 15.0%
in the same quarter of the previous year. With the EBIT generated in
the first three months, OVB has already achieved a third of its
target figure for 2008. Consolidated net income rose from EUR6.8 to
7.8 million, an increase of 15% as against the first quarter of 2007.
Basic earnings per share rose from EUR0.48 to EUR0.55 per share
quarter-on-quarter. The number of customers advised by OVB in 14
European countries rose by 170,000 customers or 7% as against the
previous year to currently 2.65 million. OVB increased its number of
full-time advisors by 16% as against the previous year to 4,939. One
positive factor is that the number of advisors has also grown by 4%
as against year-end (31 December 2007: 4,765). In view of its
continued favourable development, OVB expects to be able to achieve
the target for the year 2008 as a whole - growth of up to 10% in the
parameters of sales, EBIT and consolidated net profit.

About OVB Group OVB Group, with its holding company headquartered in
Cologne, is one of the leading European financial sales
organisations. Since the founding of OVB Vermögensberatung AG in
Germany in 1970, customer-oriented consulting for private households
with regard to insurance coverage, asset building and growth, pension
plans and real estate acquisition have been the focus of OVB´s
business activities. Currently OVB advises more than 2.65 million
customers across Europe and works together with more than 100
renowned product partners. OVB is presently active in 14 countries,
with nearly 4,900 full-time financial consultants working for the
Group. In 2007 OVB Holding AG, which has been listed on the Frankfurt
Stock Exchange (Prime Standard) since July 2006, generated overall
sales commissions together with its subsidiaries in the amount of
EUR246.2 million and an EBIT of EUR29.0 million.

The Annual General Meeting of OVB Holding AG will be held in Cologne
on 3 June 2008.

end of announcement euro adhoc
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ots Originaltext: OVB Holding AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Brigitte Bonifer

Investor Relations

phone: +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: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / free trade