TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
OVB Holding ( (DE:O4B) ) has issued an update.
OVB Holding AG has revised its EBIT forecast for the 2025 financial year due to the insolvency of a product partner affecting its subsidiaries in several European countries. The company now expects operating earnings to be between EUR 10 and 15 million, down from the previous forecast of EUR 20 to 23 million, despite a projected increase in brokerage income. The revision is attributed to increased sales expenses and legal costs, with the full extent of financial risks still uncertain. OVB is closely monitoring the situation and will update stakeholders as required.
More about OVB Holding
OVB Holding AG is a financial services company operating in the brokerage industry, providing financial advisory and brokerage services across various European markets. The company focuses on offering financial products and services through its subsidiaries in countries such as Spain, Italy, Belgium, and France.
Average Trading Volume: 176
Technical Sentiment Signal: Buy
Current Market Cap: €305M
For a thorough assessment of O4B stock, go to TipRanks’ Stock Analysis page.