Public disclosure of inside information according to article 17 MAR
OVB Holding AG: OVB Holding AG reduces EBIT forecast for the 2025 financial year
Legal costs and risks impact currently not reliably assessable
Cologne (pta027/24.07.2025/21:50 UTC+2)
OVB Holding AG ("the company") (ISIN: DE0006286560) expects a significant impact on its operating earnings (EBIT) for the 2025 financial year in connection with the insolvency of a product partner with which the OVB subsidiaries in Spain, Italy, Belgium and France had business ties. Based on the information currently available, OVB currently expects operating earnings (EBIT) of between EUR 10 and 15 million (previous forecast: between EUR 20 and 23 million) despite growth in brokerage income in all operating segments; income from brokerage transactions in the Group is likely to be in the range of EUR 430–450 million (previous forecast: EUR 420 to 440 million). The expected impact on earnings stems from increased sales expenses and provisions for legal advice and for defending claims and lawsuits, although it is not possible to assess the extent to which any lawsuits may be filed. Against this background, it is not yet possible to conclusively predict the exact amount of the charges and the financial risks for the company.
The company is monitoring developments closely and will inform the capital market of any significant changes or new findings in accordance with the legal requirements.
The composition of the operating earnings (EBIT) corresponds to the presentation on page 46 of the 2024 annual report of OVB Holding AG.
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Emitter: |
OVB Holding AG Heumarkt 1 50667 Köln Germany |
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Contact Person: | Brigitte Bonifer | |
Phone: | +49 221 20 15-288 | |
E-Mail: | bbonifer@ovb.eu | |
Website: | www.ovb.eu | |
ISIN(s): | DE0006286560 (Share) | |
Stock Exchange(s): | Regulated Market in Frankfurt; Free Market in Berlin, Dusseldorf, Hamburg, Hannover, Munich, Stuttgart |