MLP presents its annual report 2012

• Total revenue rises by 4 percent to EUR 568.0 million
• Operating EBIT increases by 46 percent to EUR 74.1 million – the highest figure since 2007
• Group net profit climbs to EUR 52.7 million (2011: EUR 11.5 million)
• Executive and Supervisory Boards propose a dividend of 32 cents per share

Wiesloch, 27th March 2013 – Following the publication of its business figures at the end of February, MLP today presented its financial statements for 2012. Under the heading “Stability through continuous development”, the annual report focuses on the further development of MLP in recent years into a broad-based consulting house - particularly through the build-up of occupational pension provision business and the expansion of its wealth management operations.

In the financial year 2012 MLP significantly benefited from this broad-based approach: Supported by a very balanced revenue mix, total revenue grew by 4 percent to EUR 568.0 million (2011: EUR 545.5 million). Earnings before interest and taxes (EBIT) rose to EUR 74.1 million (EUR 17.3 million). As one-off exceptional costs of EUR 33.4 million were incurred in the previous year, the increase in operating EBIT amounts to 46 percent (from EUR 50.7 million to EUR 74.1 million). The EBIT margin rose by around 40 percent to 13.0 percent (operating EBIT margin 2011: 9.3 percent) – the highest figure since 2007. Group net profit climbed to EUR 52.7 million (EUR 11.5 million).

In view of this successful business development, MLP is continuing its reliable dividend policy. In this respect, the Executive and Supervisory Boards are proposing a dividend of 32 cents per share, corresponding to a pay-out ratio of 65 percent. In the previous year MLP paid a dividend of 30 cents per share from the operating business and a further 30 cents based on surplus liquidity not required for the operating business. “Our dividend proposal shows that MLP is continuing to adopt a consistent and attractive dividend policy,” comments Chief Financial Officer, Reinhard Loose.

Depending on the respective market development, MLP expects to achieve annual EBIT in a range between EUR 65 and 78 million in the coming three financial years.

The Annual General Meeting is scheduled for 6th June 2013 in Mannheim.

Continuing operations(in EUR million)	Q4/ 2012	Q4/ 2011*	Change in %.	12 months 2012	12 months 2011*	Change in %.
Revenue	204.4	183.0	12	544.6	526.7	3
Revenue from commissions and fees	198.4	175.6	13	518.0	498.5	4
Interest income	6.0	7.3	-18	26.6	28.2	-6
Other revenue	8.4	6.0	40	23.5	18.8	25
Total revenue	212.8	189.0	13	568.0	545.5	4
Operating EBIT (before one-off exceptional costs)	47.4	32.0	48	74.1	50.7	46
Earnings before interest and tax (EBIT)	47.4	12.7	>100	74.1	17.3	>100
Earnings before tax (EBT)	47.7	13.1	>100	74.6	17.3	>100
Net profit	34.1	9.8	>100	52.7	11.2	>100
Group net profit (including discontinued operations)	34.1	9.5	>100	52.7	11.5	>100
Earnings per share in EUR	0.32	0.09	>100	0.49	0.11	>100
Clients				816,200	807,600**	1
Consultants				2,081	2,099**	-1

*) previous year's figures adjusted
**) 30th September 2012

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