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Andreas Herzog
Teamhead Investor Relations & Financial Communications
Phone: +49 6222 308 2272
Telefax: +49 6222 308 1131
Wiesloch, 24th March 2016 – Following the publication of the operating results at the end of February, MLP has today presented its financial statements for 2015. In doing so, MLP has switched to a purely online version. Among other things, this allows users to call up specific information and compile their own individual download package. The report, which adapts to the respective terminal device of the user, is available at www.mlp-annual-report.com .
As reported, in the financial year 2015 MLP increased its total revenue by 4.9 percent to EUR 557.2 million (2014: EUR 531.1 million). Earnings before interest and tax adjusted for acquisitions (pro forma EBIT) were EUR 32.5 million (EUR 39.0 million). The main reason for this decline is the market environment in the field of old-age provision, which remains very difficult. The EBIT was EUR 30.7 million (EUR 39.0 million), while net profit amounted to EUR 19.8 million (EUR 29.0 million). The supervisory Board concurs with the proposal of the Management Board in February, and proposes a dividend of 12 cents per share (2014: 17 cents) to the Annual General Meeting.
MLP will further accelerate its strategic restructuring in the financial year 2016. To this end, the company will continue its growth initiatives: the recruitment of new consultants, the implementation of the digitalisation strategy and the further broadening of the revenue basis. As previously communicated, MLP will also further tighten its efficiency measures. The aim of the measures is to significantly reduce costs once again in the financial year 2017 and the following years and to achieve a positive EBIT effect of around EUR 15 million compared to the financial year 2015. This will incur one-off expenses of around EUR 15 million in 2016. As of the financial year 2017, MLP expects a significant increase in the EBIT over the year 2015.
The Annual General Meeting will convene in Wiesloch on June 16, 2016.
Overview of the key figures
| MLP Group (in EUR million) |
Q4/ 2015 |
Q4/ 2014 |
Change in % |
12 months 2015 |
12 months 2014 |
Change in % |
|---|---|---|---|---|---|---|
| Revenue | 178.4 | 177.8 | 0 | 535.7 | 509.7 | 5 |
| Commission income | 173.2 | 172.0 | 1 | 514.3 | 486.9 | 6 |
| Revenue from the interest rate business | 5.3 | 5.8 | -9 | 21.4 | 22.9 | -7 |
| Other revenue | 9.3 | 8.6 | 8 | 21.5 | 21.4 | 0 |
| Total revenue | 187.7 | 186.4 | 1 | 557.2 | 531.1 | 5 |
| Earnings before interest and tax (EBIT) | 23.3 | 29.6 | -21 | 30.7 | 39.0 | -21 |
| Earnings before tax (EBT) | 22.9 | 28.4 | -19 | 28.0 | 37.6 | -26 |
| Net profit for the period | 16.1 | 21.8 | -26 | 19.8 | 29.0 | -32 |
| Earnings per share (diluted/ basic) in euros | 0.15* | 0.20 | -25 | 0.18* | 0.27 | -33 |
| Clients | 858,700 | 854,900** | 0 | |||
| Client consultants | 1,935 | 1,914** | 1 |
*) Based on the average number of shares in the financial year of 108,484,800
**) As at September 30, 2015