Report

MLP - Growing on all fronts

MLP Group is a financial services company focusing on finance advisory services for private clients, companies and institutional investors. Key products include pensions, asset and risk management and real estate and insurance brokering. MLP has grown organically and through acquisition, buying specialised finance companies to diversify and expand revenue. In September 2019, MLP acquired 75.1% of DEUTSCHLAND Immobilien’s shares, expanding its real estate activities. MLP’s historic acquisitions have a good track record. That said, increasing expenditure resulted in a 20bp drop in EBIT margin from H118 to H119. Management is confident of continuing organic revenue growth and that targeted investments will lay the foundation for future profit growth.
Underlying
MLP SE

MLP is the holding company for the MLP Group. Co.'s subsidiary, MLP Finanzdienstleistungen AG, is the Group's consulting company for private and corporate clients, and also as an insurance broker for brokering insurance policies. Co.'s business segments include: financial services, which provides consulting services for academics and other clients, mainly relating to insurance, investments, occupational pension provision schemes and various loans, as well as the brokering of contracts concerning these financial services, and includes finance portfolio management, the trustee credit business and the loan and credit card business; and FERI AG, which covers wealth and investment consulting.

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts
Pedro Fonseca

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