Results for the first quarter 2024
On May 15, MLP presents the results for the first quarter 2024. Here you will 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 2024: MLP sets new record for revenue – successful start to the year
- Total revenue rises to a new high of EUR 284 million (Q1 2023: EUR 263 million) – broad and strategically interlinked revenue structure of the MLP Group takes full effect
- Earnings before interest and taxes (EBIT) up significantly to EUR 37.0 million (Q1 2023: EUR 32.4 million)
- Very strong revenue growth in the Wealth competence field, primarily due to wealth management and the interest rate business. Solid growth in the Property & Casualty competence field, which comprises the non-life insurance business with both corporate and private clients. Stable revenue in the Life & Health competence field, which includes old-age provision and health insurance
- Key figures for future revenue development raised to new record highs as of March 31, 2024: assets under management at EUR 59.3 billion (December 31, 2023: EUR 57.0 billion), managed premium volume in non-life insurance at EUR 719 million (December 31, 2023: EUR 687 million)
- MLP confirms EBIT forecast of EUR 75 to 85 million for 2024
- Planning for EBIT of between EUR 100 to 110 million for the end of 2025 reaffirmed – success factors: further increase in assets under management and the non-life insurance portfolio volume, sustainable growth across all competence fields
Analyst conference call, 15th May 2024
| Reinhard Loose (CFO) | To the recording |