DGAP-News

MLP SE: 'Q1: MLP Group significantly increases revenue and earnings'

DGAP-News: MLP SE / Key word(s): Quarter Results MLP SE: 'Q1: MLP Group significantly increases revenue and earnings' 12.05.2022 / 07:33 The issuer is solely responsible for the content of this announcement. Q1: MLP Group significantly increases revenue and earnings

- Significant increase in total revenue to EUR 254.7 million at the start of the year (up 15 percent)

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

- EBIT rises significantly to EUR 34.6 (Q1 2021: EUR 21.8 million) – in particular due to the first-time earnings contribution of the Industrial Broker segment in a first quarter and a pronounced increase in the real estate business

- Forecast for 2022 confirmed: Despite increased risks in the markets, MLP still anticipates recording EBIT of EUR 75 to 85 million

- Medium term planning of reaching EBIT of EUR 100 to 110 million and sales revenue of more than EUR 1.1 billion by the end of 2025 reaffirmed

Wiesloch, May 12, 2022 – The MLP Group was able to continue its successful development of previous quarters in Q1 2022. Total revenue increased by 15 percent to EUR 254.7 million. The company was able to record gains across all fields of consulting and in virtually all parts of the MLP Group. Real estate revenue enjoyed a particularly strong increase (up 131 percent), followed by non-life insurance revenue (up 23 percent) and loans and mortgages revenue (up 17 percent). At EUR 34.6 million, earnings before interest and tax (EBIT) were substantially above the previous year's level (Q1 2021: EUR 21.8 million). Alongside successful operational development, other contributing factors were the first-time earnings contribution of the Industrial Broker segment in a first quarter and a positive valuation-effect at MLP Banking AG. As anticipated, the profit contribution from performance-based compensation was lower than in the same period of the previous year in light of the weak development of the capital markets.