on MLP AG (isin : DE0006569908)
MLP Group Increases 2024 EBIT Forecast to EUR 85-95 Million
MLP Group has raised its 2024 EBIT forecast to EUR 85-95 million. This revision follows a stronger-than-expected performance in the third quarter of 2024. The company recorded significantly higher performance-based compensation during this period, leading to positive overall results.
Previously, the EBIT forecast was within the range of EUR 75-85 million. The latest update indicates that MLP anticipates a substantial increase in EBIT for Q3 2024 compared to the EUR 7.8 million recorded in Q3 2023. The sales revenue effect from performance-based compensation in Q3 2024 was around EUR 17 million, up from EUR 0.1 million in the same period last year.
The full financial figures for Q3 and the first nine months of 2024 are scheduled for release on November 14. This announcement confirms MLP's strong business development and highlights the positive impact of investment concepts in wealth management on the company's financial performance.
R. P.
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