OVB (O4B) Q1 2026 earnings summary

Executive summary

• Revenue reached an all-time high in Q1 2026, growing 7.9% year-over-year to €114.5 million, driven by strong growth in Central and Eastern Europe despite declines in Germany and Southern/Western Europe.

• Number of clients increased by 3.9% to 4.94 million, and financial advisors rose 3.3% to 6,558, both at all-time highs.

• EBIT declined 22.7% to €2.3 million due to a temporary extraordinary item in Southern and Western Europe.

• Net income attributable to shareholders dropped 68.8% to €0.4 million; EPS fell to €0.03.

Financial highlights

• Brokerage income reached €114.5 million (+7.9% YoY); gross profit increased 3.8%.

• EBIT margin declined to 2.0% (down from 2.9% YoY).

• Net income: €0.4 million (-68.8% YoY); EPS: €0.03 (-68.8% YoY).

• Cash flow from operating activities increased to €7.3 million (prior year: €6.5 million).

• Total assets rose to €378.7 million (+1.6% from year-end 2025); equity ratio at 25.6%.

Outlook and guidance

• Forecasts consolidated brokerage income for 2026 between €430 million and €470 million.

• Operating profit expected in the range of €10 million to €15 million for the full year.

• Management confirms guidance despite macroeconomic uncertainties and expects further growth.

• Ongoing macroeconomic uncertainties acknowledged in guidance.