MLP anticipates EBIT for 2021 to significantly exceed market expectations

Wiesloch, January 26, 2022 – Based on preliminary unaudited figures, MLP SE expects EBIT for the financial year 2021 of at least € 90 million and thus significantly exceeds the mean value of the current analyst estimates (so-called consensus) of € 74 million EBIT. These preliminary unaudited figures could possibly further increase due to final assessments, particularly in the real estate project business.

In addition to old-age provision and real estate brokerage, wealth management in particular – also through significantly higher performance-based compensation than planned for the fourth quarter of 2021 – contributed to the overall positive business performance. Performance-based compensation is accrued for the performance of investment concepts in wealth management and is largely recognised in income. The sales revenue effect from performance-based compensation in the fourth quarter of 2021 amounted to approximately € 25 million.

"Our preliminary figures, together with the sustainable earnings growth of recent years, are strong evidence that the strategic development of our Group is proceeding successfully – we are consistently pursuing this path" says Dr Uwe Schroeder-Wildberg, Chief Executive Officer of MLP SE.

The online annual press and analyst conference will take place as scheduled on March 10, 2022.

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