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Frank Heinemann
(Head of Group Communications)
Corporate and Market Issues
Phone: +49 6222 308 3513
Telefax: +49 6222 308 1131
Wiesloch, March 23, 2017 – Following publication of the operating results at the end of February, MLP today presented its financial statements for 2016. Like last year, MLP has once again chosen to publish the Annual Report as an online-only version. Among other things, this allows targeted information to be called up and added to a basket. The report, which automatically adapts to the respective terminal device of the user, is available at: www.mlp-annual-report.com.
As reported, the MLP Group significantly improved its key figures in the financial year 2016. Total revenue increased by 10.1 percent to EUR 610.4 million. (2015: EUR 557.2 million). Operating EBIT (before one-off expenses) was EUR 35.1 million (EUR 30.7 million). EBIT was EUR 19.7 million (EUR 30.7 million). As anticipated, net profit for the period declined to EUR 14.7 million (EUR 19.8 million). This was due to one-off exceptional costs of EUR 15.4 million for the efficiency programme announced in February 2016. On this basis, the Supervisory Board is following the recommendation of the Executive Board from February and proposes a dividend of 8 cents per share (2015: 12 cents) to the Annual General Meeting. This corresponds to a pay-out ratio of 60 percent and therefore falls within the announced corridor.
As reported, MLP will continue its strategic initiatives in the financial year 2017 – including both further broadening of the revenue base as well as cost management. These are complemented by two other key topics: further strengthening of the university segment and a new Group structure.
In terms of business development, MLP anticipates EBIT of at least EUR 36 million – taking into account the announced one-off exceptional costs of EUR 9 million for further development of the Group structure. This corresponds to an operating EBIT of at least EUR 45 million.
The Annual General Meeting will convene in Wiesloch on June 29, 2017.
An overview of key figures
| MLP Group (in EUR million) | Q4/2016 |
Q4/ 2015 |
Change in % | 12 months 2016 |
12 months 2015 |
Change in % |
|---|---|---|---|---|---|---|
| Revenue | 186.1 | 178.4 | 4.3 | 590.6 | 535.7 | 10.2 |
| Commission income | 181.2 | 173.2 | 4.6 | 570.1 | 514.3 | 10.8 |
| Interest income | 4.9 | 5.3 | -7.5 | 20.5 | 21.4 | -4.2 |
| Other revenue | 5.6 | 8.1 | -30.9 | 19.8 | 18.7 | 5.9 |
| Total revenue | 191.7 | 186.5 | 2.8 | 610.4 | 554.3 | 10.1 |
| Operating EBIT | 19.3 | 23.3 | -17.2 | 35.1 | 30.7 | 14.3 |
| Earnings before interest and tax (EBIT) | 8.2 | 23.3 | -64.8 | 19.7 | 30.7 | -35.8 |
| Earnings before tax (EBT) | 7.7 | 22.9 | -66.4 | 18.7 | 28.0 | -33.2 |
| Net profit | 5.1 | 16.1 | -68.3 | 14.7 | 19.8 | -25.8 |
| Earnings per share (diluted/ basic) in euros | 0.05 | 0.15 | -66.7 | 0.13 | 0.18 | -27.8 |
| Family clients | 517,400 | 514,600* | ||||
| Corporate, institutional clients | 19,200 | 18,600* | ||||
| Client consultants | 1,940 | 1,924* |
*) As at September 30, 2016