24.06.2013
OVB Holding AG DE0006286560
OVB Holding AG: Into a common future with OVB
(DGAP-Media / 24.06.2013 / 18:00)
Annual General Meeting of OVB Holding AG:
Into a common future with OVB
- High stability due to international Group alignment and continuity in
business model
- Additional growth potential due to new strategic approaches
- Partnership culture for entrepreneurs in the company
The shareholders of OVB Holding AG approved all
items on the agenda with a large majority at the company's Annual General
Meeting. The actions of the members of the Executive Board and the
Supervisory Board were approved for financial year 2012. In addition, the
shareholders voted on the new line-up of the Supervisory Board. Each of the
proposals of the Nomination and Remuneration Committee for the line-up was
followed by a larger majority on the part of the shareholders present.
Thus, Michael Johnigk, Wilfried Kempchen, Jan De Meulder and Winfried Spies
were confirmed in their office.
Markus Jost, a member of the Board of Directors of Basler Versicherungen,
Bad Homburg, and Dr. Thomas A. Lange, Chairman of the Board of Directors of
National-Bank AG, Essen, were newly appointed to the Supervisory Board.
Moreover, the shareholders resolved the payment of a dividend increased to
55 eurocents per share.
Previously, OVB Holding AG CEO Michael Rentmeister presented to the
shareholders the 2012 business performance as well as the company's
strategic alignment.
With its 'Strategy 2016', OVB is strengthening its profile as a
high-quality company. At the Annual General Meeting of the financial
services provider in Cologne, Rentmeister emphasised the high level of
stability and the growth potential resulting from the Group's international
alignment. At the same time, Rentmeister also outlined the direction for
the next few years: 'We will develop OVB into the leading system sales
company for financial services in Europe. In this way, we will improve the
foundations for organic growth in the individual markets, systematically
advance the opening up of new markets and assume an active role in market
consolidation.'
The Group had already set the course for this path in the last financial
year. In order to identify opportunities, particularly in the area of new
markets and inorganic growth, the structures were renewed. Furthermore, the
newly established management team us to ensure organic growth. 'Those who
are familiar with the reliability of OVB and the superiority of the OVB
career system must, as working financial consultants, ask themselves why
they have not always been at OVB', said Lutz Richter, a new member of the
Board of Directors of OVB Vermögensberatung AG, at the Annual General
Meeting. With the new mission statement 'Simply Better One-Stop Finance'
and the 'Strategy 2016', OVB has defined the guideline that further expands
the already market-leading attractiveness of the company for
entrepreneurially-minded financial consultants.
'Strategy 2016' shows initial successes
The comprehensive corporate development programme 'Strategy 2016'
incorporates a total of nine topics, in which OVB wants to set a new
course. True to the motto 'thinking of later earlier', the consulting
quality is to be expanded further with technically improved support. At the
same time, awareness in the industry is to be increased that, against the
background of demographic development, OVB offers its financial consultants
work with the company that is not limited by the retirement age. 'The
advantages for our financial consultants and our customers are huge.
Adhering to this system, which has remained unchanged for 43 years, is part
of our strategy of modernising only where we can improve and maintaining
what is tried and tested where we want to be perceived as a reliable and
fair partner,' said Michael Rentmeister. It goes without saying that growth
along with improved profitability is thus the objective of the listed
Group, Rentmeister continued.
With a view to the results for 2012, it again became clear that in spite of
an environment that remains challenging, 2012 was positive for OVB overall.
Sales remained stable, while consolidated net income was almost doubled.
The first quarter of 2013 also began solidly for OVB, with sales, EBIT and
consolidated net income rising compared to the same quarter of the previous
year. From a current perspective, OVB expects EBIT to be slightly higher
than the previous year and anticipates sales to be stable overall for 2013
as a whole.
About the OVB Group
The OVB Group, with its holding company headquartered in Cologne, is one of
the leading European financial sales organisations. Since its founding in
1970, customer-oriented consulting for private households with regard to
asset protection, asset building, pension plans and real estate acquisition
has been the focus of OVB's business activities. OVB currently advises some
3.0 million customers across Europe, working in cooperation with over 100
renowned product partners. OVB is presently active in 14 countries, with
approximately 5,000 full-time financial consultants working for the Group.
In 2012, OVB Holding AG and its subsidiaries generated total sales
commission of EUR214.7 million and EBIT of EUR10.5 million. OVB Holding AG
has been listed on the Frankfurt Stock Exchange (Prime Standard, ISIN
DE0006286560) since July 2006.
Internet: www.ovb.ag
The OVB Holding AG Chief Executive Officer's complete speech at the Annual
General Meeting as well as the detailed voting results on the agenda items
of the Annual General Meeting can be found at www.ovb.ag - Investor
Relations - Annual General Meeting 2013 (german only).
End of Media Release
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Issuer: OVB Holding AG
Key word(s): Enterprise
24.06.2013 Dissemination of a Press Release, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: OVB Holding AG
Heumarkt 1
50667 Köln
Germany
Phone: +49 221 2015 - 0
Fax: +49 221 2015 - 264
E-mail: [email protected]
Internet: www.ovb.ag
ISIN: DE0006286560
WKN: 628656
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart
End of News DGAP-Media
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