MLP SE
MLP SE: 9 months 2017: MLP significantly increases revenue and operating profit
9 months 2017: MLP significantly increases revenue and operating profit – 9M: Total revenue up 5 percent to EUR 440.7 million – highest level since 2008 – Operating EBIT increases by 34 percent to EUR 21.5 million – Gains in virtually all consulting areas – strongest growth recorded in the real estate brokerage (plus 59 percent) and wealth management (plus 14 percent) – Q3: Total revenue up 4 percent to EUR 140.1 million; operating EBIT slightly below previous year at EUR 5.6 million due to different cost distribution over the course of the year (Q3 2016: EUR 6.6 million) – Outlook confirmed: Operating EBIT to increase to at least EUR 45 million Wiesloch, November 14, 2017 – In the first nine months of the year, the MLP Group increased its total revenue by 5 percent to EUR 440.7 million. This represents the highest level since 2008, when the global financial crisis struck. Operating earnings before interest and taxes (operating EBIT) increased by 34 percent to EUR 21.5 million. With this development, MLP has benefited from the diversification of its business model and further refinement of its portfolio for clients in the last few years. This is reflected in the gains that have been recorded in virtually all fields of consulting. Only the old-age provision area is 4 percent below the previous year after nine months – due to market conditions. The greatest growth rates were recorded in the real estate brokerage (plus 59 percent) and wealth management area (plus 14 percent). New client acquisition also continued to display pleasing development: 15,300 new family clients represent an increase of 7 percent over the previous year. After nine months, MLP confirms its outlook for the year: MLP anticipates an operating EBIT of at least EUR 45 million. “What we achieved in the first nine months underlines our ability to adapt to market changes quickly. In the last few years, we have succeeded in expanding the wealth management, the non-life insurance, yet also the real estate brokerage into key revenue pillars. We are clearly benefiting greatly from this also in the current year,” comments Chief Executive Officer, Dr. Uwe Schroeder-Wildberg. “At the same time, we have gained significant ground in important strategic topics, such as separating the brokerage and banking business, as well as strengthening our university segment. We are looking forward to the coming weeks with confidence, yet also have a great deal of respect for our markets.” 9M: Total revenue increases by 5 percent to EUR 440.7 million Real estate brokerage, which MLP has been driving forward since 2014, recorded the highest percentage increase in the first nine months. This is recognised under “Other commission and fees”, which increased by 59 percent to EUR 14.0 million (EUR 8.8 million). The second highest growth rate recorded in the MLP Group was delivered by the wealth management area, in which revenue increased by 14 percent over the previous year to EUR 139.8 million (EUR 122.9 million). Assets under management rose to EUR 32.7 billion as at September 30, 2017 (June 30, 2017: EUR 32.0 billion). The successful development is reflected in the gains made both in MLP’s private client business and at its subsidiary FERI. With growth of 6 percent, the non-life insurance area is also significantly above the previous year’s level (increase in earnings from EUR 85.6 million to EUR 90.8 million). These three fields of consulting, which MLP has strategically developed and expanded in the last few years, together represent around 59 percent of commission income. The loans and mortgages area also recorded gains (8 percent increase to EUR 11.2 million). Following growth in the third quarter, with EUR 34.2 million the health insurance area remained at the same level as the previous year (EUR 34.0 million). With revenue of EUR 122.0 million (EUR 127.2 million), the old-age provision area remained 4 percent below the same period of the previous year in the first nine months. In this field of consulting, MLP continues to be impacted by the reservations of many consumers throughout the market when it comes to signing long-term contracts. Operating EBIT increases to EUR 21.5 million Q3: Total revenue up 4 percent to EUR 140.1 million MLP supports 526,500 family clients and 19,600 corporate clients As of September 30, 2017, 1,883 client consultants worked for MLP (June 30, 2017: 1,895). Since the summer, the realignment of the university segment has led to an upturn in recruitment figures that is likely to gather even more momentum in the coming quarters. Further optimisation of the Group structure running to schedule Outlook confirmed: Increase in operating EBIT to at least EUR 45 million An overview of key figures
*) As at June 30, 2017 About MLP: – MLP Finanzdienstleistungen AG: The dialogue partner for all financial matters – FERI AG: The investment expert for institutional investors and high net-worth individuals – DOMCURA AG: The underwriting agency focusing on private and commercial non-life insurance products – TPC GmbH: The specialist in occupational pension management for companies The views and expectations of our clients always represent the starting point in each of these fields. Building on this, we then present our clients with suitable options in a comprehensible way so that they can make the right financial decisions themselves. For the implementation, we examine the offers of all relevant product providers in the market. Our product ratings are based on scientifically substantiated market and product analyses. Manfred Lautenschläger and Eicke Marschollek founded MLP in 1971. Around 1,900 self-employed client consultants and just under 1,700 employees work at MLP. End of Media Release Issuer: MLP SE Key word(s): Finance
14.11.2017 Dissemination of a Press Release, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | MLP SE |
Alte Heerstraße 40 | |
69168 Wiesloch | |
Germany | |
Phone: | +49 (0)6222-308-8320 |
Fax: | +49 (0)6222-308-1131 |
E-mail: | investorrelations@mlp.de |
Internet: | www.mlp-se.de |
ISIN: | DE0006569908 |
WKN: | 656990 |
Indices: | SDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Tradegate Exchange |
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