MLP SE

Latest Results (20.08.2024):

Total Revenue Increased to EUR 514 Million

In the first half of 2024, MLP SE achieved a significant increase in total revenue, reaching EUR 514 million, up from EUR 475 million in H1 2023. This growth was primarily driven by the Wealth competence field, which saw a 26 percent increase in revenue to EUR 240 million. The Property & Casualty and Life & Health competence fields also contributed to this positive development, maintaining consistently high revenue levels.

EBIT Reached EUR 48.7 Million

MLP SE reported a substantial rise in earnings before interest and taxes (EBIT) for H1 2024, amounting to EUR 48.7 million compared to EUR 37.4 million in H1 2023. This increase was largely attributed to strong revenue growth in the Wealth competence field, as well as stable performance in the Property & Casualty and Life & Health fields. The Group's net profit for the first half of 2024 was EUR 37.8 million, up from EUR 23.6 million in the same period last year.

Record Assets Under Management

As of June 30, 2024, MLP SE set a new record for assets under management, reaching EUR 60.5 billion. This milestone reflects the company's successful strategy in expanding its wealth management services. Additionally, the managed premium volume in non-life insurance rose to EUR 729 million, further contributing to the Group's robust financial performance.

Positive Client and Consultant Growth

MLP SE saw an increase in both family and corporate clients in the first half of 2024. The number of family clients rose to 583,600, while corporate and institutional clients increased to 27,800. The number of consultants also grew, reaching 2,080 as of June 30, 2024. This growth is partly due to the successful trainee program introduced in mid-2023, which prepares trainees for their future roles as self-employed MLP consultants.

2024 EBIT Forecast Confirmed

Following its strong performance in H1 2024, MLP SE confirmed its EBIT forecast for the full year, expecting to reach the upper half of the EUR 75 to 85 million range. The company also reaffirmed its plan to achieve EBIT of EUR 100 to 110 million by the end of 2025. This outlook is supported by anticipated growth in assets under management, the non-life insurance portfolio, and sustainable growth across all competence fields.