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DE0006569908
Tue, 30.07.2024
MLP SE
Company Name:
MLP SE
ISIN:
DE0006569908
Reason for the research:
Update
Recommendation:
BUY
from:
30.07.2024
Target price:
EUR 11.50
Last rating change:
Analyst:
Henry Wendisch
Q2 EBIT above estimates, guidance specified at upper end
Yesterday, MLP released an ad-hoc with its preliminary Q2 EBIT and specified its FY E [ … ]
Mon, 29.07.2024
MLP SE
On the basis of preliminary business figures for the second quarter of 2024, the MLP Group recorded preliminary earnings before interest and taxes (EBIT) of around EUR 12 million (Q2 2024). This is significantly higher than the comparative figure from the same period in the previous year (Q2 2023: EUR 5.0 million).
With positive overall operationa [ … ]
Thu, 11.07.2024
MLP SE
Another performance fee quarter ahead; chg. est.
Topic: With the end of Q2, two major public funds of MLP's asset manager
FERI have surpassed their respective cut-off dates, above their old HWM and
benchmarks. As a result, we expect the collection of another € 4.2m
performance fees from public funds in Q2, in detail:
Optoflex as main per [ … ]
Tue, 04.06.2024
MLP SE
Only small impact from potential ECB rate reduction
On Thursday, June 6th, the ECB might reduce its main refinancing rate by
25bps to 4.25%, which would have only a small overall impact on MLP's
banking business while in return should allow for upswings in Wealth
Management and Real Estate. In detail:
Low impact on Banking: A potential rate r [ … ]
Wed, 15.05.2024
MLP SE
Invitation to the Annual General Meeting of MLP SE published
Executive Board and Supervisory Board will propose a dividend of 30 cents per share (PY: 30 cents)
Wiesloch – MLP SE will be holding its Regular Annual General Meeting for the financial year 2023 on June 27, 2024. As of today, all documents to be submitted to the Annual General Meeting c [ … ]
Wed, 15.05.2024
MLP SE
Q1 2024: MLP sets new record for revenue – successful start to the year
Total revenue rises to a new high of EUR 284 million (Q1 2023: EUR 263 million) – broad and strategically interlinked revenue structure of the MLP Group takes full effect
Earnings before interest and taxes (EBIT) up significantly to EUR 37.0 million (Q1 2023: EUR 32.4 million [ … ]
Mon, 13.05.2024
MLP SE
Q1 preview: performance fees and banking to drive EBIT
Topic: MLP's Q1 results are due on Wednesday, May 15th and we expect a
solid EBIT expansion driven by a contribution of performance fees (first
time since Q4'21) as well as continuous support from the banking business.
In detail:
Solid top-line: For Q1, we expect sales to grow by 7% to &e [ … ]
Thu, 02.05.2024
MLP SE
RS Feedback: attractive value for money
On Monday, we hosted a roadshow with CEO Dr. Schroeder-Wildberg, here are
our takeaways:
Growth in Wealth Management: The overall growth in wealth across MLP's mass
affluent, often highly
educated client base should lead to higher demand for wealth management
consultancy. This growth in wealth should st [ … ]
Thu, 02.05.2024
MLP SE
RS Feedback: attractive value for money
On Monday, we hosted a roadshow with CEO Dr. Schroeder-Wildberg, here are
our takeaways:
Growth in Wealth Management: The overall growth in wealth across MLP's mass
affluent, often highly
educated client base should lead to higher demand for wealth management
consultancy. This growth in wealth should st [ … ]
Thu, 04.04.2024
MLP
Dry spell's over: Comeback of performance fees; chg. est.
For the first time since Q4 2021, MLP looks set to record performance fees
of € 7m in Q1, as capital markets have developed favourably, pushing FERI's
funds to new high water marks. In detail:
FERI's largest fund, the EquityFlex, surged 11.5% during Q1, outperforming
the benchmark [ … ]