FY 2023: MLP Achieves Record Revenue, Confirms Dividend and Growth Targets

MLP SE has reported a record total revenue for FY 2023, demonstrating the resilience of its business model amidst challenging market conditions. The company recorded revenues of EUR 973 million, up from EUR 949 million in the previous year, attributing its success to a broad, strategically interlinked revenue structure. This stability helped offset market-related declines in real estate and loans & mortgages sectors.

Significant growth was seen in non-life insurance and health insurance sectors, contributing to the revenue bump. Assets under management increased to EUR 57.0 billion, and the non-life insurance portfolio volume grew to EUR 687 million. Despite a slight drop in earnings before interest and taxes (EBIT) to EUR 70.7 million, due to impacts in the real estate business, the dividend proposal remains unchanged at 30 cents per share.

For 2024, MLP anticipates an EBIT of EUR 75 to 85 million, expecting growth in the Wealth and Life & Health competence fields. The company reaffirms its target for 2025, aiming for an EBIT of EUR 100 to 110 million, driven by increases in assets under management and non-life insurance portfolio volume.

The report underscores MLP's ability to navigate external pressures, including inflation, rising interest rates, and global uncertainties. This is attributed to its diversified business model, digitalisation efforts, and strategic initiatives such as the trainee programme for consultant recruitment. MLP's solid performances fuel optimism for continued resilience and growth.