OVB (O4B) Q1 2025 earnings summary

Executive summary

• Brokerage income rose 11.9% year-over-year to €108.3 million in Q1 2025, with all segments contributing to growth.

• Client base expanded 4.5% to 4.76 million; financial advisors increased 6.9% to 6,349.

• EBIT declined 28.7% to €3.0 million, mainly due to higher expenses and capital market losses.

• Net income attributable to owners fell 68.7% to €1.4 million; EPS dropped from €0.31 to €0.10.

• Strong market position in 16 European countries, focusing on digital transformation and long-term client relationships.

Financial highlights

• Brokerage income: €108.3 million (+11.9% year-over-year); gross profit: €35.0 million (+9.3%).

• EBIT: €3.0 million (-28.7% year-over-year); EBIT margin 2.8% (down from 4.4%).

• Net income: €1.4 million (-68.7% year-over-year); EPS €0.10.

• Cash flow from operating activities: €6.5 million (down from €8.9 million); cash and cash equivalents: €62.0 million (down 7.8%).

• Total assets: €306.9 million (+3.7% since 31 Dec 2024); equity ratio 33.7%.

Outlook and guidance

• Brokerage income for 2025 expected between €420–440 million, reflecting continued growth in all segments.

• Operating income (EBIT) forecasted at €20–23 million for 2025, factoring in digital transformation and growth strategy expenses.

• Growth anticipated across all segments, despite macroeconomic uncertainties.