- WKN: 656990
- ISIN: DE0006569908
- Land: Deutschland
Nachricht vom 12.08.2021 | 07:31
MLP SE: H1: MLP continues growth course
H1: MLP continues growth course
Wiesloch, August 12, 2021 - The MLP Group was able to continue the growth trend it has enjoyed over the past quarters and increased total revenue by 17 percent in the first half of 2021 to its highest ever level of EUR 421.8 million. In the second quarter, revenue was up 21 percent. This is the strongest growth in a quarter since the realignment of MLP starting in 2005. MLP recorded growth across all fields of consulting. An important contribution to this positive development in particular made real estate brokerage with an increase of 39 percent in the first six months and wealth management with an increase of 33 percent. As an important key figure, assets under management in the MLP Group rose once again and reached a new all-time high of EUR 51.4 billion. Old-age provision, which recorded a decline last year due to the effects of the coronavirus pandemic, showed a 12 percent increase to EUR 88.2 million in the first half of the year. At EUR 31.4 million, earnings before interest and tax (EBIT) are again significantly higher than in previous years. Despite several opposing effects, this figure also recorded an increase in the second quarter from EUR 8.1 million to EUR 9.6 million. In light of the successful development in the first half of the year, MLP now expects to reach the upper end of the forecast EBIT range of EUR 55 to 61 million for the full year.
"We are very satisfied with the first half of the year. The broad-based growth across all fields of consulting and all companies serves to underline our effectiveness within the MLP Group at generating added value for our clients and thereby also for the company using diverse perspectives and areas of expertise," comments Chief Executive Officer Dr. Uwe Schroeder-Wildberg. "At the same time, we continue to invest extensively and thereby continuously strengthen the basis for our planned increase in earnings level in 2022."
H1: Total revenue rises to EUR 421.8 million
The breakdown by consulting fields for the first half of the year shows the strongest growth rates in the real estate sector with a rise of 39 percent (revenue increased from EUR 16.1 million to EUR 22.3 million). With growth of 33 percent to EUR 159.4 million (H1 2020: EUR 120.2 million), wealth management also recorded a significant increase. This can be attributed to highly successful new business at both FERI and MLP Banking AG, as well as performance-linked compensation that is significantly above the previous year's level after six months. Taking the second quarter on its own, performance-linked compensation is only slightly below the already high level recorded in the same quarter of the previous year. In terms of assets under management, MLP was able to break through the EUR 50 billion barrier, recording a new high of EUR 51.4 billion as of June 30, 2021 (March 31, 2021: EUR 48.2 billion). Assets under management have therefore enjoyed an EUR 11.8 billion increase within just one year. The portfolio value in the field of non-life insurance also rose further to EUR 547.0 million (March 31, 2021: EUR 434.4 million). The key effect here is the first-time consolidation of RVM at EUR 98.7 million. Non-life insurance revenue rose to EUR 94.3 million (EUR 88.2 million). MLP increased health insurance revenue by 12 percent to EUR 28.2 million (EUR 25.2 million). In old-age provision, MLP recorded a recovery following the declines caused by the coronavirus pandemic throughout 2020. Here, revenue was up 12 percent to EUR 88.2 million after the first six months of 2021, compared to EUR 78.9 million in the same period of the previous year. Taking the second quarter on its own growth was 24 percent (increasing from EUR 39.5 million to EUR 49.0 million). This growth was driven by both private and occupational pension provision.
Number of family clients increases to 557,100
Planning for 2022 confirmed
An overview of key figures
*) As at March 31, 2021
- MLP: The dialogue partner for all financial matters
- FERI: The investment expert for institutional investors and high net-worth individuals
- DOMCURA: The underwriting agency focusing on private and commercial non-life insurance products
- TPC: The specialist in occupational pension provision management for companies
- DEUTSCHLAND.Immobilien: Market place for investment properties
- RVM: The industrial insurance broker with a focus on SMEs
The views and expectations of our clients always represent the starting point in each of these fields. Building on this, we then present them with suitable options in a comprehensible way so that they can make the right financial decisions themselves. In advising and supporting our clients, 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. Just under 2,100 self-employed client consultants and around 2,000 employees work at MLP.
End of Media Release
Issuer: MLP SE
Key word(s): Finance
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