Germany's MLP H1 revenue rises on property & casualty growth
Germany's MLP H1 revenue rises on property & casualty growth
Overview
Germany financial services provider's H1 2026 revenue rose 10% yr/yr to a record high
EBIT for H1 2026 grew 41% yr/yr, driven by asset growth and performance-based compensation
Company confirmed full-year EBIT forecast and mid-term growth targets for 2028
Outlook
MLP confirms 2026 EBIT forecast of EUR 100-110 mln
Company reaffirms 2028 target of EBIT EUR 140-155 mln on revenue EUR 1.3-1.4 bln
MLP expects assets under management to reach EUR 75-81 bln and non-life premium volume EUR 1.0-1.1 bln by end-2028
Result Drivers
PROPERTY & CASUALTY GROWTH - Co said revenue growth in Property & Casualty was driven by expanded non-life insurance business with corporate and private clients
WEALTH MANAGEMENT - Co said higher revenue in Wealth was due to growth in assets under management and performance-based compensation
COST MANAGEMENT - Co said EBIT growth was supported by disciplined cost management
Company press release: ID:nEQ3HlNJ7a
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 EPS |
| EUR 0.11 |
|
Q2 Net Income |
| EUR 12.2 mln |
|
Q2 Pretax Profit |
| EUR 18.3 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the diversified investment services peer group is "buy"
Wall Street's median 12-month price target for MLP SE is €10.15, about 31.8% above its August 12 closing price of €7.70
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 11 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)