MLP SE

Earnings Release • Nov 5, 2008

News Details

Ad-hoc | 5 November 2008 19:45

MLP further increases revenues – outlook adjusted to reflect difficult market conditions

MLP AG / Profit Warning/Change in Forecast

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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• Financial market crisis burdens EBIT in Q3
• Year-end forecast: Total revenues expected to be at
  the level of the record year 2007

Wiesloch, 5th November 2008 – Despite the far-reaching effects of the
financial market crisis, the core business of MLP, the independent
financial services and wealth management consulting company, has remained
resilient in the first nine months of the financial year. In this respect,
satisfactory progress was achieved above all in the old-age pension
provision business where the premium sum for new business at the reporting
reference date of 30th September increased by 20 percent to EUR 4.2 billion
(30th September 2007: EUR 3.5 billion). Total revenues for the period from
January to September rose to EUR 413.8 million (9 months 2007: EUR 411.8
million). Earnings before interest and taxes (EBIT) stood at EUR 35.5
million (EUR 56.4 million).

However, the significant restraint on the part of private and institutional
clients due to the confidence crisis within the capital markets
particularly affected the financial investment business at MLP
Finanzdiensleistungen AG and at the subsidiary Feri Finance AG, where both
the new business as well as the remuneration for the existing wealth
management portfolios were regressive as a result of price losses on the
capital markets. Furthermore, a negative result was generated by the
consultancy company TPC, which MLP acquired in February 2008 in order to
strengthen its business within the occupational pension scheme division.
Due to the uncertain economic climate, corporate clients have deferred
larger-scale projects until next year.

Against the background of these additional burdens, total revenue in the
MLP Group for the third quarter fell to EUR 126.4 million (Q3 2007: EUR
138.7 million). EBIT declined to EUR 2.8 million (EUR 18.2 million); net
profit from continuing operations amounted to EUR 0.8 million compared to
EUR 16.8 million in the previous year. On 30th September, the number of
consultants stood at 2,491 (30th June, 2008: 2,534).

Since October MLP has registered increased momentum in its year-end old-age
pension provision business, which, because of the current restraint on the
part of many private clients – at least from a present perspective – is not
expected to match the growth dynamics of previous years.

Despite the overall extremely difficult market conditions, MLP currently
expects its total revenues for the full year to be at the level of the
record figure achieved in 2007 (EUR 638.8 million). The EBIT margin will,
however, deviate from previous forecasts and fall below the high level
(around 16 percent) achieved in the financial year 2006.

MLP will be releasing detailed information concerning its business
development in the first nine months of 2008 as scheduled on 11th November,
2008.

Christian Maertin

Head of Corporate Communications MLP AG
Alte Heerstraße 40, 69168 Wiesloch
Fon: +49 (0) 62 21-3 08-43 31
Fax: +49 (0) 62 21-3 08-11 31
E-Mail: christian.maertin@mlp.de

05.11.2008 Financial News transmitted by DGAP

Language: English
Issuer: MLP AG
Alte Heerstraße 40
69168 Wiesloch
Deutschland
Phone: +49 (0)6222-308-1135
Fax: +49 (0)6222-308-8351
E-mail: investorrelations@mlp.de
Internet: www.mlp.de
ISIN: DE0006569908
WKN: 656990
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), Stuttgart;
Freiverkehr in Berlin, Hannover, Düsseldorf, Hamburg,
München; Terminbörse EUREX

End of News DGAP News-Service

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