MLP Group Reports Record Revenue and Earnings for 9M 2024

MLP Group has announced record earnings and revenue for the first nine months of 2024. Earnings before interest and taxes (EBIT) surged to EUR 66.4 million, compared to EUR 45.2 million during the same period in 2023. Total revenue increased to EUR 763 million, up from EUR 685 million in the prior year.

The Wealth competence field led the growth, particularly in wealth management and the interest rate business. Meanwhile, the Property & Casualty and Life & Health fields maintained consistent revenue levels. MLP's assets under management reached EUR 61 billion, setting a new record.

The company has confirmed its raised EBIT forecast for 2024, projecting between EUR 85 and 95 million. MLP aims to achieve EBIT of EUR 100 to 110 million by the end of 2025, driven by growing assets and sustainable expansion across its fields.