MLP Finanzdienstleistungen AG

ots Ad hoc-Service: MLP AG MLP continues on its growth course as scheduled and is once again set to surpass forecasts at year-end

Ad hoc-announcement edited and sent by DGAP. The sender is solely responsible for the contents of this announcement.


    Heidelberg (ots Ad hoc-Service) -          Upon the announcement of its nine-month figures MLP AG, Heidelberg, leading in the Private Finance sector for sophisticated private clients and people with an academic degree, has confirmed the positive growth course for the annual year-end results in 2000.

    As the company today announced, total revenues are expected to rise significantly by over 40 percent in comparison with last year. The consolidated pre-tax group result will also exceed that of last year, as scheduled, with an increase of more than 30 percent.

    MLP Vermögensverwaltung AG and MLP Bank AG have also announced unusual high growth rates. The number of clients using the MLP Bank AG as a platform has almost been doubled with 150,000 in comparison with 80,000 at the end of 1999. The group subsidiary, MLP Lebensversicherung AG, is expected to report premium income of more than Euro 250 million, following Euro 169 million in 1999. In comparison with these figures, the life assurance industry itself only expects to see growth rates of between 2 and 2.5 percent for the current year.

    Contact:     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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