MLP SE

Earnings Release • Apr 9, 2002

News Details

Ad-hoc | 9 April 2002 07:10

MLP AG english

MLP AG: MLP raises net profit by 60 percent Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– MLP raises net profit by 60 percent Earnings per share up 54 percent / new shareholder structure following capital increase Heidelberg, 9 April 2002 – MLP AG, the leading European private finance group for sophisticated private clients and graduates, grew at a dynamic pace again in fiscal 2001. According to the final figures, consolidated net profit rose by 60 percent to EUR 98.9 (2000: 61.9) million. MLP raised its earnings per share by 54 percent. to EUR 1.05, up from EUR 0.68 in the previous year. Profit before tax reached EUR 150.7 (114.8) million, an increase of 31 percent over the previous year. Total revenues were up 29 percent over fiscal 2000, rising from EUR 816 million to EUR 1,050 million. MLP expects to maintain the same dynamic growth in 2002. Business has been encouraging thus far in 2002. For instance, the number of branch offices is scheduled to be increased to more than 400 by yearend. The number of Financial Consultants is scheduled to be increased to well over 3,000, while around 200 new recruitments are scheduled for the back office. The number of customers is projected to grow to approx. 550,000 (453,000). Dividend increased to EUR 0.50 per share At the AGM scheduled for 28 May 2002, the management and supervisory boards will be asking shareholders to approve a 32 percent increase in the dividend payout to EUR 0.50 (0.38) per ordinary share. Non-cash capital increase On 8 April 2002, the management and supervisory boards of MLP AG decided to make use of the authorisation approved by the shareholders at their extraordinary meeting held on 17 November 2000 to raise its share capital by EUR 29.4 million from EUR 79.2 million to EUR 108.6 million on a non-cash basis. The non-cash contribution comprises shares in the fast-growing subsidiaries MLP Lebensversicherung (life assurance) AG, MLP Versicherung (general insurance) AG, MLP Vermögensverwaltung (asset management) AG and MLP Login GmbH. MLP expects the increase in capital to be entered in the companies register shortly. MLP AG will use the new shares to acquire the shares in the MLP subsidiaries that it does not already own. The first dividend entitlement for the newly issued shares will be in 2003 for fiscal 2002. Contact: Jutta Funck, Tel. +49 (0) 62 21/3 08 – 11 30 end of ad-hoc-announcement (c)DGAP 09.04.2002 ——————————————————————————– WKN: 656990; ISIN: DE0006569908; Index: DAX Listed: Amtlicher Handel in Frankfurt und Stuttgart; Freiverkehr in Berlin, Bremen, Düsseldorf und Hamburg; EUREX 090710 Apr 02