MLP Sets New Record for Revenue and Earnings in H1 2024

Wiesloch, August 14, 2024 – MLP Group has achieved record financial results for the first half of 2024. Total revenue rose to EUR 514 million, up from EUR 475 million in H1 2023. Earnings before interest and taxes (EBIT) also improved, reaching EUR 48.7 million compared to EUR 37.4 million in the same period last year. This success was primarily driven by strong performance in the Wealth competence field, including significant gains in wealth management and interest rate business.

MLP also reported new highs in assets under management, which climbed to EUR 60.5 billion. The Property & Casualty and Life & Health fields maintained high revenue levels, contributing to the overall positive financial performance. The company has confirmed its EBIT forecast of EUR 75 to 85 million for 2024, expecting to hit the upper range of this forecast.

The Group continues to target an EBIT of EUR 100 to 110 million by the end of 2025, underpinned by strategic growth and cost management initiatives. The positive trend is also reflected in the increased number of clients and consultants, attributed to a successful trainee program initiated in 2023.