MLP Reports Record Revenues in Q1 2024

MLP SE, a renowned financial services provider, has announced a substantial increase in total revenue for Q1 2024, setting a new record at EUR 284 million, an 8% rise from EUR 263 million in Q1 2023. This growth is attributed to robust performance in its Wealth competence field, particularly from wealth management and interest rate businesses.

The company also reported a significant rise in Earnings Before Interest and Taxes (EBIT), which reached EUR 37.0 million, up from EUR 32.4 million in the corresponding quarter of the previous year. Additionally, MLP confirmed its EBIT forecast for 2024, ranging from EUR 75 to 85 million, and reaffirmed its 2025 target of EUR 100 to 110 million, highlighting steady growth across all fields of competence.

Assets under management as of March 31, 2024, stood at EUR 59.3 billion, up from EUR 57.0 billion at the end of 2023, with managed premium volume in non-life insurance marking an increase to EUR 719 million. The company continues to strengthen its market position through strategic diversification and robust management of both personal and corporate client portfolios.