MLP (MLP) Q4 2024(Media) earnings summary

Executive summary

• Achieved record revenues of €1.067 billion in 2024, surpassing €1 billion for the first time, with 10% year-over-year growth and strong performance across all segments.

• EBIT reached €95 million, up 34% from 2023 and at the upper end of guidance; net income was €69.3 million, up 57% year-over-year.

• Proposed dividend of €0.36 per share, a 20% increase over the previous year, with a payout ratio of 57% of net profit.

• Assets under management reached €63.1 billion, and non-life insurance premium volume grew to €751 million.

• Client base expanded to 590,700 family clients and 28,000 corporate/institutional clients.

Financial highlights

• Total revenues increased by 10% year-over-year to €1.067 billion, with 68% from recurring revenues.

• EBIT was €95 million, and net profit was €69.3 million; EPS increased 43% to €0.63.

• Equity ratio at 19.2% for the financial holding group; liquidity coverage ratio at 1,843%.

• Dividend policy targets a payout of 50–70% of earnings.

• Share price rose 34% from Dec 2022 to Feb 2025.

Outlook and guidance

• 2025 EBIT forecasted at €100–110 million, with total revenue expected to exceed €1.1 billion.

• Mid-term plan targets EBIT of €140–150 million and revenues of €1.3–1.4 billion by 2028.

• Assets under management projected to reach €75–81 billion by 2028.

• EPS projected at €0.90–0.95 by 2028, a 50% increase from 2024.

• Strategic focus on expanding consulting for family and corporate clients, and multi-asset approach for institutional clients.