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MLP intensifies measures aimed at sustainably increasing earnings

In order to increase the level of earnings against a background of ongoing difficult framework conditions in old-age provision, MLP will further streamline its cost management. To this end, the Executive Board and Supervisory Board have agreed a package of measures today. The objective of the measures is to sustainably reduce costs in the financial year 2017 and the following years and to achieve a positive effect on EBIT of around EUR 15 million compared to the financial year 2015. This will incur one-off expenses of approximately EUR 15 million in the financial year 2016.

In the financial year 2015, MLP recorded earnings before interest and tax adjusted for acquisitions (pro forma EBIT) of EUR 32.5 million (2014: EUR 39.0 million, 2013: EUR 30.7 million).