MLP Finanzdienstleistungen AG

ots Ad hoc-Service: MLP AG Consolidated group profit rises by 53 percent

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    Heidelberg (ots Ad hoc-Service) -      

    Final figures confirm especially high growth rates at the young MLP subsidiaries

    The final annual accounts from all companies show that pre-tax consolidated group profits increased by 50.4 percent in comparison with the previous year from 76.3 million Euro to 114.8 million Euro. The group's annual net profit increased by 53.5 percent from 40.3 million Euro to 61.9 million Euro. The total consolidated group revenues reached 816 million Euro, marking a 50 percent increase over the total revenues reported in 1999 of 543 million Euro. The earnings before tax on income at MLP Finanzdienstleistungen AG, the group's financial consulting company, increased by 28 percent from 68.7 million Euro to 88.1 million Euro. The contributions made to the consolidated earnings by the remaining MLP subsidiaries were almost doubled in comparison with the previous year and will continue to rise further in the next few years. The earnings before tax at the life assurance company MLP Lebensversicherung AG increased by some 90 percent from 4.4 million Euro to 8.4 million Euro. The asset management arm MLP Vermögensverwaltung AG quadrupled earnings before tax on income from 1.9 million Euro to 8.0 million Euro. In just its third year of business the MLP Bank AG reported a positive gross operating result of some 0.2 million Euro.

    The pre-tax profit for MLP AG increased significantly and reached 92.1 million Euro in comparison with 71.0 million Euro in 1999. The annual net profit at MLP AG rose from 38.9 million Euro to 51.5 million Euro. This represents an increase of over 32 percent. MLP Chairman and CEO Dr. Bernhard Termühlen can once again adjust his forecasts upwards for the MLP Group.

    The MLP AG Board of Directors will propose an increase in dividends to the Supervisory Board for the twelfth year in succession on April 6th 2001. This represents a 30 percent dividend increase for each ordinary share of 0.38 Euro and 0.40 Euro for each preference share.

    The excellent corporate development at MLP has continued at a high level since the beginning of 2001. With a growth rate of 30 percent, and of 50 percent in some sectors, the year has seen a very dynamic start. The company is therefore confident that the forecast income growth of 30 percent can be achieved in 2001.


    Jutta Funck Tel.: +49 (0) 62 21-3 08-11 30 Fax: +49 (0) 62 21-3 08-11 31 E-Mail:

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