Comeback of RE and performance fees around the corner; chg. Topic: MLP released FY'23 preliminary results and suprised positively with Q4's better than expected real estate business. MLP also looks set to record performance fees in Q1 for the first time since 2021. Q4 sales in line with estimates: Sales rose by 5% yoy to € 289m (eNuW: &e [ … ]

FY 2023: MLP proves resilience of business model – consistent dividend proposal, growth target 2025 confirmed  FY 2023: Total revenue reached new all-time high of EUR 973 million (PY: EUR 949 million) – broad and strategically interlinked revenue structure ensures high stability even in challenging markets Strong interest rate business and furthe [ … ]

Case fully intact despite PW; chg. Topic: MLP released a profit warning and is now expecting an FY'23 EBIT of € 71m, thus missing the guidance of € 75-85m due to € 4m of goodwill impairments in the real estate business. Below market expectations: Adjusting for the impairment, the guidance range should have been met at the lower [ … ]

In light of the pronounced pressures in the real estate market, which are affecting both the project business and the broker business, MLP SE is re-assessing this business within the process of drafting the financial statements and, as a result, is performing a goodwill impairment of around EUR 4 million within the Deutschland.Immobilien segment. B [ … ]

Low risk, high reward - added to NuWays' Alpha List At current levels, MLP’s stock offers a strong upside potential while potential downside risks seem priced in and should not impact bottom line significantly. Here is our take: (1) Strong diversification of negatively correlated business segments protects MLP against changing macroecon [ … ]