MLP SE

Earnings Release • Aug 2, 2002

News Details

Ad-hoc | 2 August 2002 17:43

MLP AG english

Business Development in the first half of 2002 Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Business Development in the first half of 2002 Heidelberg, 2 August 2002 – An initial rough analysis of business figures of the first half of 2002 has shown that the MLP Group will report a pre-tax profit not exceeding the one reported for the same period last year (EUR 53.7 million). However, new business growth in the broking of life and health insurance is at around 15 percent compared to the same period last year. MLP sees the reason for this development on one hand in the unjustifiable negative media coverage of the company and on the other hand on the weak condition of capital markets. The presumably further weak capital markets as well as possible consequential damage due to negative media coverage during the last months lead to the fact that the company, from today’s view, will not be able to reach its originally projected pre-tax profit growth of some 30 percent for 2002. The detailed half-year results and business development will be published on 15 August 2002. Contact: Michael Pfister Tel. +49 (0) 62 21-3 08-11 30 Fax: +49 (0) 62 21-3 08-11 31 publicrelations@mlp-ag.com end of ad-hoc-announcement (c)DGAP 02.08.2002 ——————————————————————————– WKN: 656990; ISIN: DE0006569908; Index: DAX Listed: Amtlicher Markt in Frankfurt und Stuttgart; Freiverkehr in Berlin, Bremen, Düsseldorf und Hamburg; EUREX 021743 Aug 02