MLP Group Sees Significant EBIT Increase in Q2 2024

MLP SE has reported preliminary figures indicating a notable rise in earnings before interest and taxes (EBIT) for Q2 2024. The company achieved an EBIT of approximately EUR 12 million, a significant improvement from EUR 5.0 million in Q2 2023.

This growth can be largely attributed to the Wealth competence field's expansion, which saw increases in assets under management and performance-based compensation. The previous year's EBIT suffered from a EUR -2.8 million impact due to mergers in the Industrial Broker segment.

For the first half of 2024, the preliminary EBIT stands at around EUR 49 million, up from EUR 37.4 million in H1 2023. MLP now expects to attain the upper half of its full-year EBIT forecast range of EUR 75 to 85 million.

Final figures for Q2 and H1 2024 will be released on August 14.