MLP SE’s latest quarterly results have disappointed investors as net profits collapsed by nearly 90%, dropping from €11.3 million to just €1.3 million year-over-year. Operating earnings (EBIT) also nosedived by 60% to €4.9 million, attributed to lower interest rates, reduced performance-based fees, and heavy IT infrastructure investments. Despite these setbacks, revenue remained resilient at €228 million, with full-year earnings hitting a record €529 million—a 3% increase. Key segments like insurance and wealth management grew by 6% and 2%, respectively, showcasing underlying business strength.
Market Reaction and Outlook
The stock tumbled 5% to €7.71, its lowest since April, reflecting investor concerns. However, management reaffirmed its 2025 EBIT target of €100–110 million, with €42.7 million already achieved in H1. Long-term ambitions include €140–150 million EBIT by 2028. Analysts question whether current challenges—including external market volatility and costly tech upgrades—are temporary or signal prolonged strain.
