Results for the first quarter 2023
On May 11, MLP presents the results for the first quarter 2023. Here you find the press release, report and presentation. Via the link below you can follow the analyst conference call live at 2 p.m.
Inhalt
Q1: MLP remains on course
- Total revenue rises to EUR 262.8 million (Q1 2022: EUR 254.7 million) – stable revenue structure, strong growth particularly in the interest rate business, as well as real estate development business
- Significant growth in non-life insurance, as well as gains in old-age provision and health insurance – strong negative market developments in real estate brokerage and loans and mortgages still discernible
- Ongoing net cash inflows in wealth management and slight growth in assets under management in the first quarter, although revenue below the same quarter of the previous year
- Despite still operating in challenging framework conditions due to the war in Ukraine, the turnaround in interest rates, high inflation and politically instigated uncertainties: at EUR 32.4 million, earnings before interest and taxes (EBIT) almost equalled the impressive figure recorded in the same quarter of the previous year (Q1 2022: EUR 34.6 million)
- 2023 forecast confirmed: EBIT of EUR 75 to 85 million anticipated despite operating in an environment that remains difficult
- Mid-term planning to the end of 2025 reaffirmed: EBIT of EUR 100 to 110 million with sales revenue of more than EUR 1.1 billion
Analyst conference call, 11th May 2023
| Reinhard Loose (CFO) | To the webcast |