Annual Report 2022

Contents

Contents

03 |

04

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10

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14

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16

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46 |

52 |

  1. |
  2. |

110 |

Welcome

Strategy

Interview

Capital market

Combined management report 2022

Consolidated financial statements 2022

Notes to the consolidated financial statements

Responsibility statement

Independent auditor's report

Report of the

Supervisory Board

03 Welcome

  1. »OVB Evolution 2022«
  1. Megatrends
  1. »OVB Excellence 2027«
  1. Interview of the Executive Board
  1. OVB on the capital market
  1. Basic information on the Group
  1. Business report
  1. Report on opportunities and risks
  1. Outlook
  2. Statement on corporate governance
  1. Remuneration report
  1. Separate non-financial consolidated management report
  1. Information pursuant to sections 289a (1), 315a (1) HGB and explanatory report
  1. Statement of the Executive Board pursuant to Section 312 (3) AktG
  1. Consolidated statement of financial position
  1. Consolidated income statement
  1. Consolidated statement of comprehensive income
  2. Consolidated statement of cash flows
  3. Consolidated statement of changes in equity

52 General information

72 Notes to the consolidated statement of financial position

  1. Notes to the consolidated income statement
  1. Other information
  1. Responsibility statement
  2. Independent auditor's report

110 Report of the Supervisory Board

116 Company boards and board memberships

  1. Financial Calendar/Contact
  2. Imprint

Key figures for the regions

Central and Eastern Europe

Clients (31/12)

Financial advisors (31/12)

Brokerage income

Earnings before interest and taxes (EBIT)

EBIT margin

Unit

Number

Number

Euro million

Euro million

%

2021

2022

2.82 m

2.92 m

3,276

3,461

157.9

174.4

20.4

18.8

12.9

10.8

Change

+3.5 %

+5.6 %

+10.5 %

-7.8 %

-2.1%-pts

Germany

Clients (31/12)

Financial advisors (31/12)

Brokerage income

Earnings before interest and taxes (EBIT)

EBIT margin

Southern and Western Europe

Clients (31/12)

Financial advisors (31/12)

Brokerage income

Earnings before interest and taxes (EBIT)

EBIT margin

Unit

Number

Number

Euro million

Euro million

%

Unit

Number

Number

Euro million

Euro million

%

2021

613,386

1,240

64.5

8.2

12.7

2021

700,606

1,087

98.4

9.1

9.2

2022

616,224

1,219

61.2

7.2

11.8

2022

738,712

1,092

96.3

5.2

5.4

Veränderung

+0.5 %

-1.7 %

-5.1 %

-11.7 %

-0.9%-pts

Veränderung

+5.4 %

+0.5 %

-2.1 %

-42.9 %

-3.9%-pts

Percentages and figures may be subject to rounding differences. Percentages are calculated on the basis of EUR thousand.

OVB profile

With close to 4.3 million clients, more than 5,700 full-time financial advisors and business operations in 16 national markets, OVB is one of the leading financial intermediary groups in Europe.

Key figures for the OVB Group 2022

Key operating figures

Clients (31/12)

Financial advisors (31/12)

Brokerage income

Key financial figures

Earnings before interest and taxes (EBIT)

EBIT margin

Consolidated net income after non-controlling interests

Key figures for OVB shares

Share capital (31/12)

Number of shares (31/12)

Earnings per share (undiluted/diluted)

Dividend per share

  1. 2022 proposed dividend

Unit

Number

Number

Euro million

Unit

Euro million

%

Euro million

Unit

Euro million

Shares million

Euro

Euro

2021

2022

4.13 m

4.27 m

5,603

5,772

320.7331.9

2021

2022

21.822.0

6.86.6

15.714.7

2021

2022

14.25

14.25

14.25

14.25

1.10

1.03

0.90

0.901)

Change

+3.4 %

+3.0 %

+3.5 %

Change

+1.1 %

-0.2%-pts

-6.6 %

Change

±0.0 %

±±0.0 %

-6.6 %

±0.0 %

Diversity paves the way to success

OVB has successfully completed the strategic period »OVB Evolution 2022« and evolved significantly in many areas. We would like to share this development with you in this Annual Report.

Our success is based on the diversity of our Company, among other factors. We offer an extensive partner and product portfolio and provide advisory service according to the comprehensive »allfinanz« approach in 16 European countries - a clear unique selling proposition in the industry.

What also makes us strong is the diversity of our financial advi-

1

sors and employees. People from different nations with the most different biographies and personalities work for us.This helps us not only to ensure a balanced know-how and expertise across all generations and regions but also to address large parts of the population with our high-quality services.

We have the ambition to keep improving. In 2023 we will therefore launch our new five-year strategy period »OVB Excellence 2027«. We will introduce the focal topics of our growth strategy to you in this Annual Report.

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Disclaimer

OVB Holding AG published this content on 21 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 May 2023 15:03:05 UTC.