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ots Ad hoc-Service: MLP AG
MLP Private Finance convinces analysts
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Heidelberg (ots Ad hoc-Service) -
On Wednesday the MLP headquarters in Heidelberg were once again location for a meeting of international financial analysts. The forecasts for business in the first half-year make analysts optimistic.
Forecasts confirm targets Some 40 financial analysts from large international investment companies were very positive in their comments on Wednesday about the developments at the financial services company MLP. According to forecasts, business for the first half-year will take a positive course as expected: MLP, Europe's largest financial services company for academics and sophisticated private customers, is expected to achieve its objectives for the whole of this year. In the first half-year 2000 in-flowing funds will increase from Euro 319 to 450 million, representing growth of some 40 percent in comparison with the same period in 1999. "Both consolidated profits and group revenues will increase in accordance with the forecasts by some 30 percent," commented Dr. Bernhard Termühlen, Chairman of the Board of Directors at MLP AG. This matches the increases that MLP achieved in the comparable period one year ago. The total stocks of structured and managed assets within the group are expected to increase within the first six months from Euro 1.9 to approximately 2.5 billion. Of this total, MLP Vermögensverwaltung AG manages some Euro 1.5 billion. The sales revenues for MLP Finanzdienstleistungen AG, the consulting arm in the group, are expected to grow by 20 percent from Euro 91.5 to 110 million. Because the company concept lives from individual customer advisory services, the number of financial consultants has increased in the comparative period by some 370 to 1,700. The premium income at MLP Lebensversicherung AG are expected to increase by some 67 percent, from Euro 57 to 95 million.
Private Finance inspires the forecasts On Wednesday the analysts optimistically greeted the new overall concept of MLP Private Finance. The company has already set standards previously with intelligent financial solutions. The Private Finance Concept will probably also convince many customers. The concept complements personal financial consultation with extensive online brokerage services that go far beyond just securities trading. With Private Finance now over 335,000 customers will have access to a unique service tool for managing the most varied financial and insurance affairs. Financial experts at the Analyst Day evaluated Private Finance as an important strategic step by the company towards a modern customer service.
Background information: MLP is the leading Private Finance company in Europe for consultation services for sophisticated private customers and academics. The company has two unique selling points thanks to its combination of the various banking and insurance financial services, and its move to link highly qualified consultation with online brokerage on the Internet. A total of 1,700 MLP Financial Consultants now advise over 335,000 private clients in more than 180 offices.
In the Deutsche Börse AG ratings, decisive for inclusion in the DAX, MLP was already at position 32 on May 31st, 2000 for stock turnover and at position 24 among all listed stocks in terms of market capitalisation. MLP hence fulfils the criteria for inclusion in the DAX.
Jutta Funck Tel.: +49 (0) 62 21-3 08-3 30 Fax:+49 (0) 62 21-3 08-2 58 Email: email@example.com
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