MLP SE: Following a very strong closing quarter 2020, MLP SE records EBIT of around EUR 59 million for the financial year 2020
January 29, 2021 at 08:37 pm IST
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DGAP-Ad-hoc: MLP SE / Key word(s): Preliminary Results/Annual Results
MLP SE: Following a very strong closing quarter 2020, MLP SE records EBIT of around EUR 59 million for the financial year 2020
29-Jan-2021 / 16:03 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Wiesloch, January 29, 2021 - On the basis of preliminary figures for the financial year 2020, MLP SE achieved earnings before interest and tax (EBIT) of around EUR 59 million (FY 2019: EUR 47.1 million) and thus significantly exceeded its own expectations (exceeding the upper end of the range of EUR 34 to 42 million), which had been adjusted upwards in an ad hoc announcement on January 4, 2021.
Background for this development is a very strong fourth quarter in 2020 with EBIT of around EUR 32 million (Q4 2019: EUR 28.2 million). Alongside overall positive development of operation, this was due in particular to the high level of performance fees collected in wealth management. In addition to this, there was a very positive development in wealth management overall. Furthermore, the corona-related burdens on old-age provision and real estate brokerage were less severe than expected.
MLP will publish the full set of results for business development of the fourth quarter of 2020 and the financial year 2020 as planned on February 25, 2021.
Performance fees and EBIT represent alternative KPIs, which are described in further detail at:
29-Jan-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Language:
English
Company:
MLP SE
Alte Heerstraße 40
69168 Wiesloch
Germany
Phone:
+49 (0)6222-308-8320
Fax:
+49 (0)6222-308-1131
E-mail:
investorrelations@mlp.de
Internet:
www.mlp-se.de
ISIN:
DE0006569908
WKN:
656990
Listed:
Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Tradegate Exchange
MLP SE is a Germany-based holding company engaged in the investment management and fund operators industries. Through its subsidiaries, the Company operates as a financial services company which offers financial products and solutions. The Company operates four business segments. The Financial Services segment provides consulting services, insurance, investments, pension provision schemes and loans, as well as contract brokering concerning these financial services, among others. In addition, this segment includes portfolio management, trustee credit business and credit card business. The Feri segment covers wealth and investment consulting. The Holding business segment covers the Companyâs internal services and activities. The Non-Life Insurance segment covers underwriting. All segments are active in Germany, whereas the Feri segment also operates in Luxembourg. The Company operates MLP Finanzdienstleistungen AG, FERI AG, TPC GmbH and the DOMCURA Group as wholly owned subsidiaries.
MLP SE 
