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Germany's MLP 9M revenue rises to record high on wealth segment 

By Reuters News


Overview

  • Germany financial services provider's 9M 2026 revenue rose 12% to a record high

  • EBIT for 9M 2026 rose 43% to EUR 87.1 mln, also a record high

  • Company confirms raised 2026 EBIT forecast and reaffirms mid-term growth targets


Outlook

  • MLP confirms 2026 EBIT forecast of EUR 110 mln to EUR 120 mln

  • Company reaffirms 2028 targets: EBIT of EUR 140 mln to EUR 155 mln, revenue of EUR 1.3 bln to EUR 1.4 bln

  • MLP expects growth driven by expansion in corporate client business and multi asset approach


Result Drivers

  • WEALTH SEGMENT - Co said revenue growth was driven by higher performance-based compensation and strong asset growth in wealth management

  • PROPERTY & CASUALTY - Co said higher non-life insurance premium volume with corporate and private clients contributed to revenue growth

  • COST MANAGEMENT - Co said rigorous cost management supported EBIT growth


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 EPS

EUR 0.15

Q3 Net Income

EUR 16.70 mln

Q3 EBIT

EUR 26.70 mln

Q3 Pretax Profit

EUR 25.90 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "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 €13.00, about 10.7% above its November 11 closing price of €11.74

  • The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 11 three months ago


Reuters Recommended Reads

  • Nov 12 - Germany's Allianz Q3 operating profit rises on asset management growth

  • Nov 10 - Finland's Mandatum Q3 capital-light profit rises on higher client assets

  • Nov 10 - UK's Tatton Asset Management H1 profit rises on higher AUM, net inflows


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

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