MLP SE

Q1: Broad-based growth in revenue - EBIT more than doubled

DGAP-Media / 12.05.2021 / 07:32 Q1: Broad-based growth in revenue - EBIT more than doubled - Total revenue up 14 percent to EUR 221.4 million at the start of the year

- Growth recorded in all parts of the MLP Group and across virtually all fields of consulting

- Assets under management up 13 percent to new record level of EUR 48.2 billion (December 31, 2020: EUR 42.7 billion)

- EBIT increases significantly to EUR 21.8 (Q1 2020: EUR 10.7 million)

- MLP reaffirms its mid-term planning: EBIT in the range of EUR 75 to 85 million by the end of 2022

Wiesloch, May 12, 2021 - The MLP Group was able to continue the successful development of previous months in the opening quarter of 2021. Total revenue increased by 14 percent to EUR 221.4 million. This development was bolstered by growth in all parts of the Group and across virtually all fields of consulting. With an increase of 40 percent, wealth management enjoyed particularly dynamic development. The same is also true of the further expanded real estate brokerage business (up 16 percent) and loans and mortgages (up 12 percent). Gains were also recorded in the health insurance business (up 8 percent) and non-life insurance (up 4 percent). The key figure of assets under management in the MLP Group enjoyed a particularly strong increase and rose to a new all-time high of EUR 48.2 billion.

As already communicated, earnings before interest and taxes (EBIT) were EUR 21.8 million and thus considerably above the previous year's level (Q1 2020: EUR 10.7 million).

"We have recorded a successful start to the year. Developments in the first quarter underline the dynamism that MLP is displaying. Indeed, we have been able to continue the positive trend of the last few months, despite facing ongoing restrictions associated with the coronavirus pandemic. The close and intensive support that our clients receive in all parts of the MLP Group has been and remains the key here," comments Chief Executive Officer Dr. Uwe Schroeder-Wildberg. "At the same time, we are continuing to make extensive investments in our future and are thereby laying the foundations for a further jump in earnings in 2022."