Q1 2024: MLP Shatters Revenue Records, Kicks Off Year with Success

• MLP SE achieved a record total revenue in Q1 2024, with total revenue rising to a new high of EUR 284 million, up from EUR 263 million in Q1 2023.
• Earnings before interest and taxes (EBIT) also increased significantly to EUR 37.0 million, up from EUR 32.4 million in Q1 2023.
• There was strong revenue growth in the Wealth competence field, primarily due to wealth management and the interest rate business, and solid growth in the Property & Casualty competence field.
• Key figures for future revenue development were raised to new record highs as of March 31, 2024, with assets under management at EUR 59.3 billion and managed premium volume in non-life insurance at EUR 719 million.
• MLP confirmed its EBIT forecast of EUR 75 to 85 million for 2024 and reaffirmed its planning for EBIT of between EUR 100 to 110 million for the end of 2025.
• The company served 581,200 family clients and 27,700 corporate and institutional clients as of March 31, 2024, with the number of consultants in the MLP Group at 2,069.

The next important date, Publication of the business results for the 1st quarter of 2024, at MLP is on 15.05.2024.

The price of MLP at the time of the news was 5,7650EUR and did not change compared to the previous day.
19 minutes after the article was published, the price was 5,7600EUR this corresponds to a minus of -0,09 % since publication.
At this time, the index SDAX was at 15.073,21PKT (+1,35 %).

MLP

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+641.900,00 %

ISIN:DE0006569908WKN:656990

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