2025 ahead ayondo Franchise coming soon
Happy 
xMas Holidays
xMas Holidays
xMas Holidays
|
DGAP-Ad-hoc: MLP SE / Key word(s): Preliminary Results/Quarter Results On the basis of preliminary business figures for the first quarter of 2021, MLP recorded preliminary earnings before interest and taxes (EBIT) of around EUR 22 million (Q1 2021). This is significantly higher than the comparative figure from the same period in the previous year (Q1 2020: EUR 10.7 million). Alongside overall positive development in terms of operations, this increase is in particular due to gains recorded in wealth management. In addition to a significant rise in assets under management and further growth in new business, this is due to an increase in performance-based compensation significantly above expectations. Performance-based compensation is accrued for the positive performance of investment concepts in wealth management and is largely recognised in income. The effect this performance-based compensation had on revenue amounted to around EUR 11.5 million in the first quarter of 2021 (Q1 2020: EUR 0.5 million). Moreover, the expense from valuation result and loan loss provisions in the first quarter of 2021 fell by EUR 2.7 million compared to the same period of the previous year (Q1 2021: EUR -0.9 million, Q1 2020: EUR -3.6 million). In the previous year, the EBIT for the first quarter was affected due increased loan loss provisions and corona-related revaluations of own investments. For the financial year 2021, MLP is still expecting an EBIT in the range of EUR 55 million to EUR 61 million despite the significant rise in EBIT in the first quarter 2021. This takes into account the continuing uncertainties due to the impact of the corona pandemic on the further course of business. MLP will report the full financial figures for the first quarter of 2021 on 12 May 2021 as scheduled. Performance-based compensation, assets under management, and EBIT represent alternative KPIs, which are described in further detail at: https://mlp-se.com/investors/mlp-share/key-figures/ Contact/notifying person:
27-Apr-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | MLP SE |
| Alte Heerstraße 40 | |
| 69168 Wiesloch | |
| Germany | |
| Phone: | +49 (0)6222-308-8320 |
| Fax: | +49 (0)6222-308-1131 |
| E-mail: | investorrelations@mlp.de |
| Internet: | www.mlp-se.de |
| ISIN: | DE0006569908 |
| WKN: | 656990 |
| Listed: | Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Tradegate Exchange |
| EQS News ID: | 1188596 |
| End of Announcement | DGAP News Service |
|
|
1188596 27-Apr-2021 CET/CEST
P R O D U C T S U G G E S T I O N S
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.
