MLP SE

Earnings Release • Aug 14, 2001

News Details

Ad-hoc | 14 August 2001 07:31

MLP AG english

Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– MLP AG increases consolidated group results for the first half-year 2001 by 32.5 Consolidated group revenues rise by 38.0 precent. Clear growth across all sectors,also payments into mutual funds remain unaffected by weak markets. The Heidelberg-based financial services company MLP has grown significantly in the first half of 2001, quite against the overall market trend. The Private Finance company, leading across Europe for services to sophisticated clients and graduates, increased consolidated total revenues in the group by 38.0 percent to 438.9 million euro. The comparative figure adapted for same period last year amounted to 318.1 million euro. The consolidated profits before tax on income grew from 40.6 million euro by 32.5 percent to 53.8 million euro. MLP has exceeded budget figures set for the first half of 2001 with these results. A growth in profit of 30 precent had been forecasted for the period. This underlines both the reliability of MLP forecasting as well as the abilitiy to generate constant dynamic growth and remain largely resistant to external influences. MLP also forecasts growth of 30 percent for the second half of the year. end of ad hoc announcement (c) DGAP 14.08.2001 Issuer’s information/explanatory remarks concerning this ad hoc announcement: MLP Finanzdienstleistungen AG The consulting company MLP Finanzdienstleistungen AG supported 412,000 clients at the end of the reporting period (compared to 335,000 in 2000) with 2,302 (1,700) consultants in 280 (180) offices. The means that the annual objective set for 2001 regarding the number of new branch offices has already been achieved in the first half of the year. The number of branch offices is one of the most important indicators of future growth for the MLP group. The sales revenues at MLP Finanzdienstleistungen AG increased in comparsion with the first six-month period of 2000 from 114.1 million euro by 27.8 percent to 145.8 million euro. The profits before profit transfers and tax on income climbed from 27.0 million euro by 23.0 percent to 33.2 million euro. In the insurance coverage and provisions sector the new life assurance business increased from 2.15 billion euro by 27.0 percent to 2.73 billion euro total premiums. In comparison to this the new business in the industry as a whole only increased by some 13 percent. The new health insurance business at MLP climbed from 23.0 million euro by some 31 percent to 30.1 million euro annual premiums. In the mutual fund sector MLP was able to increase the payments-in by 20.9 percent from 450 million euro to 544 million euro. In comparison, the inflow fo funds for mutual funds in the industry as a whole fell on average by some 70 percent. In the loans sector the new business reached a volume of 452.7 million euro after 334.0 million euro in the same period last year. As a result MLP realised an increase of 35.5 percent. Compared to the overall sector which reported a decline in new business of some 15 percent. MLP Lebensversicherung AG The life assurance company MLP Lebensversicherung AG reported an increase in premium income from 109.5 million euro by 38.6 percent to 151.8 million euro. In comparison to this the life assurance industry as a whole forecasts growth of only 4 percent for the whole year. The profits before tax on income increased by 105.1 percent from 3.9 million euro to 8.0 million euro. MLP Vermögensverwaltung AG Aganist the obviously negative market trend MLP Vermögensverwaltung AG, the asset management company, increased the funds under management by 85.1 percent from 1.45 billion euro to 2.68 billion euro. The total assets managed for clients by the group as a whole increased by 22.4 percent to 3.0 billion euro compared with 2.45 billion euro at the end of the same period last year. The profits before tax on income rose by 106.7 percent from 1.5 million euro to 3.1 million euro. MLP Bank AG As a full-service online bank the MLP Bank AG caters for MLP group clients. The number of clients grew significantly since the end of July 2000 by 62.5 percent form 112,000 to 182,000. This is a clear indication that the MLP clients are both accepting of, and increasingly taking advantage of, the still relatively young MLP banking services. The MLP Bank AG doubled ist profit before taxes on income to 200,000 euro. MLP Versicherung AG The non-life insurance company MLP Versicherung AG reported premium income of 11.3 million euro in the first six months of ist operating business year. The profits before tax on income increased to 1.3 million euro. In the meantime the composite division now manages 238,000 (139,000) policies. Contact: Jutta Funck tel.: +49 (0) 6221 308 1130 fax.: +49 (0) 6221 308 1131 email: jutta.funck@mlp-ag.com ——————————————————————————– WKN: 656990; Index: DAX Listed: Amtlicher Handel in Frankfurt und Stuttgart; Freiverkehr in Berlin, Bremen, Düsseldorf und Hamburg; EUREX 140731 Aug 01