EANS-News: OVB Holding AG /

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annual result

Köln (euro adhoc) - Annual financial statements for 2010

OVB concludes the 2010 financial year with robust results

Sales and earnings targets were achieved

Total sales commissions match the previous year´s level, at EUR197.3
million

Dividend proposal of EUR0.50 per share

Target for 2011: profitable growth

Cologne/Frankfurt am Main, 30 March 2011 - OVB Holding AG, one of the
leading financial sales organisations in Europe, achieved the targets
set for sales and earnings despite the difficult economic situation.
While the global economy recovered from the economic problems of
previous years more rapidly than expected, new uncertainties arose in
the course of 2010 from the debt situation and structural problems
affecting some euro countries. In line with general market
conditions, the course of business of OVB Holding AG presented a
mixed picture in 2010.

At EUR197.3 million (previous year: EUR201.6 million), total sales
commission reached virtually the level of the previous year. "The
2010 financial year started modestly", explains Wilfried Kempchen,
Chairman of the Executive Board of OVB Holding AG. "As the year
progressed, however, we succeeded in revitalising business, most
notably in Central and Eastern Europe." Total sales commission in the
Central and Eastern Europe segment rose by 10.6% to EUR93.2 million
in 2010, while the Germany and Southern and Western Europe segments
failed to match the previous year´s figures with a fall in total
sales commission of 7.3% to EUR71.4 million and 18.9% to EUR32.7
million respectively.

In the 2010 financial year, the Group´s earnings before interest and
taxes (EBIT) decreased year-on-year from EUR9.6 million to EUR4.8
million. The EBIT margin was 2.4% (previous year: 4.8%).

In the past financial year, consolidated net income for 2010 stood at
EUR4.0 million (previous year: EUR8.8 million), resulting in basic
earnings of EUR0.28 per share (previous year: EUR0.61 with the same
number of shares). The Executive Board and Supervisory Board will
propose to the Annual General Meeting on 10 June 2011 that its
resolves payment of a dividend that is unchanged on the previous year
of EUR0.50 in the interests of pursuing a continuous dividend policy.

The growth in the number of new clients remains gratifying. Across
Europe, OVB has some 2.8 million clients. "39,400 new clients in the
Central and Eastern Europe segment provide clear evidence of the
appreciation and confidence shown towards OVB financial consultants",
says Mario Freis, member of the Executive Board responsible for
International Sales.

The number of full-time financial advisors in 14 European countries
fell slightly, by 1.4% year-on-year, to 4,600. In 2010, OVB
introduced a new commission scheme for the sales force and
consequently made its sales remuneration more transparent and more in
line with the market.

"OVB started the current financial year full of optimism", reports
Oskar Heitz, the member of the Executive Board responsible for the
area of Finance. For 2011, OVB plans to expand the sales and earnings
figures compared to 2010. "OVB has overcome the difficult phase in
2009/2010 quite satisfactorily. Our aim for the future is to pick up
on previous growth phases", adds Wilfried Kempchen, Chairman of the
Executive Board of OVB Holding AG.

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 some 2.8 million customers
across Europe, working in cooperation with over 100 renowned product
partners. OVB is presently active in 14 countries, with 4,600
full-time financial advisors working for the Group. In 2010, OVB
Holding AG and its subsidiaries generated total sales commission of
EUR197.3 million and EBIT of EUR4.8 million. OVB Holding AG has been
listed on the Frankfurt Stock Exchange (Prime Standard, ISIN
DE0006286560) since July 2006.

This information is also available on the Internet at:

http://www.ovb.ag/PublicRelations/Pressemitteilungen/Archiv2011/Press
emitteilung30032011.aspx

A presentation and the annual report on the 2010 annual financial
statements can be downloaded from the Investor Relations section of
www.ovb.ag.

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
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