MLP (MLP) Q4 2024 earnings summary

Executive summary

• Achieved record total revenue of EUR 1.067 billion in 2024, surpassing EUR 1 billion for the first time and marking the eleventh consecutive year of growth.

• EBIT reached EUR 95 million, up 34% year-over-year and at the upper end of guidance; group net profit was EUR 69.3 million, up 57%.

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

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

• Digitalization and AI strategies are driving efficiency and enhancing client support.

Financial highlights

• Total revenue increased by 10% year-over-year to EUR 1,066.7 million; recurring revenue accounted for 68%.

• EBIT of EUR 95 million, significantly higher than the previous two years.

• Net profit was EUR 69.3 million; EPS increased 43% to EUR 0.63.

• Shareholders' equity rose to EUR 570 million; return on equity at 13.7%; core capital ratio at 19.2%; liquidity coverage ratio at 1,843%.

• Net liquidity at year-end was around EUR 200 million.

Outlook and guidance

• Forecasts EBIT of EUR 100–110 million for 2025, confirming previous planning.

• Midterm planning targets EBIT of EUR 140–150 million and total revenue of EUR 1.3–1.4 billion by 2028.

• Assets under management expected to rise to EUR 75–81 billion and non-life insurance portfolio to at least EUR 1–1.1 billion by 2028.

• Earnings per share projected at EUR 0.90–0.95 by 2028, up 50% from 2024.

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