Wiesloch, February 1, 2024 – In light of the pronounced pressures in the real estate market, which are affecting both the project business and the broker business, MLP SE is re-assessing this business within the process of drafting the financial statements and, as a result, is performing a goodwill impairment of around EUR 4 million within the Deutschland.Immobilien segment. In the income statement, the earnings before interest and tax (EBIT) of the MLP Group for the financial year 2023 will then be reduced by the same amount.
Based on provisional and unaudited projections, the EBIT of the MLP Group for the financial year 2023 is therefore around EUR 71 million. Without the goodwill impairment at Deutschland.Immobilien, the EBIT would likely be within the forecast corridor of EUR 75 to 85 million, since all other operating segments of the MLP Group recorded solid performance.
Accordingly, the longstanding policy of maintaining a consistent dividend payment shall be continued. The Executive Board at MLP SE is therefore planning a dividend distribution at the same level as the previous year for the financial year 2023, namely 30 cents per share.
"MLP once again proves to be a highly reliable dividend-paying share. This, in addition to the solid operational business development in a challenging environment in the financial year 2023, underlines the stability of the MLP Group”, comments Dr. Uwe Schroeder-Wildberg, Chief Executive Officer at MLP SE.
In the mid-term, MLP is still aiming to record a Group EBIT of EUR 100 to 110 million by the end of 2025.
The publication of the preliminary figures for the year is still planned for the annual press and analyst conference, which is to be held on March 7, 2024.