MLP SE

Earnings Release • May 21, 2002

News Details

Ad-hoc | 21 May 2002 07:30

MLP AG english

A successful start to the 2002 business year for MLP Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– A successful start to the 2002 business year for MLP Pre-tax consolidated profits increase in first quarter by 32 percent MLP AG, the leading European Private Finance Group for discerning private clients and graduates, reports an increase in consolidated pre-tax profits by 32 percent to EUR 24.5 million in comparison with EUR 18.6 million in the same period last year. The group also reported a rise of 32 percent in annual net income. This amounted to EUR 15.0 (11.3) million. The still young MLP subsidiaries MLP Lebensversicherung AG, MLP Bank AG, MLP Vermögensverwaltung AG and MLP Versicherung AG have already contributed some 31 (18) percent to the consolidated earnings in the first three months of 2002, but were only regarded proportionately in the DVFA results, which means that the DVFA result per share only increased by 25.9 percent with EUR 0.166 (0.13). The sales revenues from the consulting and sales division increased by 36 percent to EUR 58.3 million, the insurance premiums rose by 30 percent to EUR 119.7 million while income from outward insurance business declined by 5 percent in the reporting period to EUR 42.6 million. Total group revenues climbed by a total of 21 percent to EUR 242.7 (201.1) million. As at the end of the first quarter 2002 MLP employed more than 2,730 MLP Financial Consultants, 562 more than at the end of March 2001. The Consultants serviced a total of 477,000 clients. MLP has increased the number of clients by 24,000 since the end of 2001. The number of branch offices has grown by 23 to a total of 348 since January 1st, 2002. MLP once again forecasts growth of some 30 percent for fiscal 2002 and consolidated pre-tax profit of some EUR 195 (previous year: 150.7) million. As such, the company forecasts that the number of clients will climb to some 550,000 by the end of the current business year and that these will be serviced by more than 3,000 Financial Consultants. The branch office network is also set to grow to over 400 offices. Contact: Jutta Funck and Andreas Dittmar Tel. +49 (0) 62 21 3 08 – 11 32 Fax. +49 (0) 62 21 3 08 – 11 31 investorrelations@mlp-ag.com end of ad-hoc-announcement (c)DGAP 21.05.2002 ——————————————————————————– WKN: 656990; ISIN: DE0006569908; Index: DAX Listed: Amtlicher Handel in Frankfurt und Stuttgart; Freiverkehr in Berlin, Bremen, Düsseldorf und Hamburg; EUREX 210730 Mai 02