Köln (pta040/02.11.2020/17:00) - Cologne, 2 November 2020 - Despite a deeply uncertain macroeconomic environment, preliminary business figures as at 30 September 2020 show that OVB Holding AG boosted brokerage income by 3.3% year on year in the first three quarters of 2020. Operating income (EBIT) for the first nine months of the 2020 financial year came to Eur11.1 million (EBIT as at 30 September 2019: Eur8.6 million).
Following the good performance in the first nine months of 2020, OVB expects brokerage income to rise slightly and EBIT to remain on par with the figure for the 2019 financial year (Eur14.1 million) in 2020 as a whole, despite market conditions remaining challenging. This comes after OVB, as communicated in the ad-hoc disclosure from 31 July 2020, had anticipated EBIT of between Eur12.5 million and Eur13.0 million for 2020 as a whole after the first two quarters of 2020.
OVB plans to release the full figures on business performance in the first nine months of 2020 on 10 November 2020.
EBIT breakdown is shown on page 36 of OVB Holding AG's 2019 annual report.(end)
|emitter:||OVB Holding AG|
|contact person:||Brigitte Bonifer|
|phone:||+49 221 20 15-288|
|stock exchanges:||regulated market in Frankfurt; free market in Dusseldorf, free market in Hamburg, free market in Hannover, free market in Munich, free market in Stuttgart; open market in Berlin|