MLP Finanzdienstleistungen AG

ots Ad hoc-Service: MLP AG Final interim results for 2000 exceed expectations Income and revenue growth of 30%

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    Heidelberg (ots Ad hoc-Service) -    

    MLP, leading in Europe in Private Finance for academics and sophisticated private clients, once again exceeded expectations.

    The total revenues for the group increased by 39.2 percent from Euro 169 million to Euro 235.3 million. The earnings before tax on income and profit for MLP AG grew by 29.4 percent to Euro 34.3 million in comparison with Euro 26.5 million last year.

    MLP Finanzdienstleistungen AG MLP Finanzdienstleistungen AG, the consulting arm of the group and most important subsidiary, increased the sales revenues by 24.7 percent to Euro 114.1 million in comparison with Euro 91.5 million in 1999.

    The net inflow of new funds into mutual funds increased by 41.3 percent from Euro 318.5 million to Euro 450 million. This significant increase is indicative of the dynamic strength of growth at MLP in the wealth investment sector.

    In the first six months of the year MLP Bank AG processed a loan volume of Euro 334 million for MLP Finanzdienstleistungen AG. This is an increase of more than 12 percent compared to the previous year.

    New business in the coverage and provision field grew from Euro 1.84 billion to Euro 2.1 billion gross total applications. This represents an increase of 14.1 percent.

    New business in the private health insurance division grew by 20.4 percent to Euro 23.0 million annual premium in the first half-year of 2000 in comparison with Euro 19.1 million in the same period last year.

    MLP Vermögensverwaltung AG MLP Vermögensverwaltung AG increased pre-tax earnings by 36.4 percent from Euro 1.1 million to Euro 1.5 million. Funds under management reached Euro 1.45 billion, an increase of about 75 percent in comparison with Euro 830 million last year. The total structured and managed funds for MLP clients reached a new record level of Euro 2.5 billion.

    MLP Bank AG Just three years after its formation the MLP Bank AG has recorded profits with Euro 0.1 million for the first time. More than 112,000 from the 335,000 clients already use the MLP Bank.

    MLP Lebensversicherung AG MLP Lebensversicherung AG, the second most important subsidiary, increased the premium income by 92.1 percent from Euro 57.0 million to Euro 109.5 million. The pre-tax profit has even tripled. It grew by 225 percent to Euro 3.9 million in comparison with Euro 1.2 million in the previous year.


    Jutta Funck Tel.: +49 (0) 62 21-3 08-3 30 Fax: +49 (0) 62 21-3 08-2 58 Email:

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