MLP Press


Press-archive 2005

Dynamic profit growth at MLP

  • Group profit before tax and disposal result (EBT) climbs by 61 per cent to EUR 82.6 million after nine months
  • Additional pre-tax contribution resulting from the sale of the insurance subsidiaries totals EUR 140.5 million
  • Total revenues fall by 5 per cent to EUR 348.3 million without insurance subsidiaries
  • Q3: Brokerage business exceeds last year's high level
  • EBT forecast for the year increased to EUR 110 million

Heidelberg, 23rd November 2005 - The Heidelberg based financial services company MLP announces successful results for the first nine months of the 2005 business year. The profit before tax and disposal result (EBT) climbed by 61 per cent over last year to EUR 82.6 million (EUR 51.4 million).

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MLP launches share buyback programme

  • The financial services company defines how funds from the sale of the insurance subsidiaries will be applied
  • Share buyback amounts to up to ten per cent of share capital
  • Termination of existing factoring agreements amounting to some EUR 115 million
  • Extra dividend totalling 30 cents (EUR) per share
  • Chief Executive Officer Uwe Schroeder-Wildberg comments: "The overall package will optimise capital structure and provide clear scope for specific investments and acquisitions".

Heidelberg, 11th November 2005 – Just a few weeks following the completion of the sale of both insurance subsidiaries, the executive board and the supervisory board at MLP AG have reached a decision concerning the application of cash arising from the sale. The share buyback programme will therefore commence on December 1st, 2005.

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MLP completes sale of both insurance subsidiaries

  • Concentration on core business as an independent broker

Heidelberg, 26th September 2005 – Following approval by the EU Commission and the German Financial Supervisory Authority (BaFin), the Heidelberg-based independent financial advisor MLP has today completed the sale of MLP Lebensversicherung AG to the British-owned Clerical Medical Holdings BV.

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Significant pre-tax profit increase at MLP

  • Profit before tax and disposal result (EBT) increased by 55 per cent to EUR 47.2 million
  • Group net profit of EUR 18.0 million affected by deferred taxes and cost to sell
  • Total revenues fall by 9 per cent to EUR 220.8 million without insurance subsidiaries
  • New business in Q2 on last year's level
  • Market shares of 38 per cent in basic pension

Heidelberg, 24th August 2005 - The MLP Group increased its profit before tax and disposal result (EBT) in the first half year 2005 by 55 per cent to EUR 47.2 million (EUR 30.4 million). Net profit fell slightly from EUR 18.4 million to EUR 18.0 million.

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MLP increases client focus and tightens up management board

  • The MLP Finanzdienstleistungen AG management board is to be reduced from six to four members
  • Sales in Germany to be extended from two to four regions
  • Chief Executive Officer Schroeder-Wildberg: "This marks a determined move following the sale of the insurance subsidiaries."

Heidelberg, June 28th 2005 – MLP Finanzdienstleistungen AG, MLP Group sales subsidiary, plans to address its clients more intensely in the future and extend the sales regions in Germany from two to four.

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MLP shareholders approve share buyback program

  • The MLP executive and supervisory board have been ratified by the AGM in Mannheim with more than 99 per cent
  • Dividend increase of 47 per cent
  • Ernst&Young reappointed as auditor for the annual financial statements

Heidelberg, 21st June 2005 – MLP AG shareholders approved all agenda items with over 99 per cent of votes at today’s ordinary Annual General Meeting (AGM) held in the Rosengarten in Mannheim, Germany.

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"The foundations have been laid for long-term, high quality and steady growth"

  • MLP Annual General Meeting in the Mannheim Rosengarten
  • Chief Executive Officer Schroeder-Wildberg: "MLP should be Europe's most profitable financial services company in 2007"

Heidelberg, 21st June 2004 – Quality ensures values - this is the motto adopted by Uwe Schroeder-Wildberg to open today's MLP Annual General Meeting (AGM) in Mannheim. "MLP completed the most successful year in its corporate history in 2004," says the Chief Executive Officer to some 1,200 shareholders who represent some 55 per cent of the share capital.

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MLP successfully divests its insurance subsidiaries

  • The British insurer Clerical Medical takes over MLP Lebensversicherung AG
  • MLP Versicherung AG to be sold to the Gothaer Group
  • Total consideration of around EUR 325 million
  • CEO Uwe Schroeder-Wildberg: "MLP will become much stronger by focussing on core business areas."

Heidelberg, 17th June 2005 – MLP continues to follow its new strategic direction consistently and will be selling MLP Lebensversicherung AG as per 30th June 2005 to the Clerical Medical International Holdings BV, a part of British HBOS Group.

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MLP's Q1 2005 earnings exceed those of last year

  • Net profit climbs by 4 per cent to EUR 9.3 million
  • Total revenues fall by 16 per cent to EUR 109.2 million (excluding insurance subsidiaries)
  • Revenues from brokerage business decline by 20 per cent to EUR 89.6 million
  • New Basis Pension ("Rürup") becomes an important element of the MLP product portfolio
  • The scheduled sale of subsidiaries results in changes to financial disclosure in line with IFRS stipulations

Heidelberg, 25th May 2005 - Q1 2005 results at the Heidelberg-based financial services company MLP surpass the high net income of last year. Net profit rose by 4 per cent to EUR 9.3 million (Q1/2004: EUR 8.9 million).

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MLP completed the year 2004 with high qualitative growth

  • Total revenues climb by 31 per cent to EUR 703.3 million
  • Pre-tax profit (EBT) up 27 per cent to EUR 87.7 million
  • Net profit up 31 per cent to EUR 51.4 million
  • New efficiency and profitability records

Heidelberg, 20th April 2005 - The financial services company MLP maintained its strong growth course throughout the course of 2004. The company has posted record figures for both new business and earnings.

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Preliminary results: MLP reports record figures for 2004

  • Total revenues climb by 31 per cent to EUR 703.3 million
  • Pre-tax profits (EBT) up 27 per cent to EUR 87.7 million
  • Annual net profit up 31 per cent to EUR 51.4 million
  • Dividends set to increase by 47 per cent to EUR 22 cent per share
  • EBT forecast for 2005: EUR 100 million

Heidelberg, 14th March 2005 - 2004 was the most successful year ever in the MLP Group's 34-year corporate history. Both new business volume and revenues reached their respective historical peaks last year.

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Professional medical associations commission MLP with their company pension consultation

  • MLP CEO Schroeder-Wildberg: "This mandate is a great show of confidence in the newly formed 'occupational pension schemes' business division".
  • "MLP will be making a major contribution to the ongoing success of our occupational pension spectrum," says Peter Sauermann, representative of the medical professionals’ association
  • Green light for other joint projects between MLP and the German medical professionals' association.

Heidelberg, February 17th 2005 – MLP is to advise 170,000 registered doctors with their own practices in Germany as well as their 500,000 assistants in questions related to occupational pension schemes (OPS).

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