MLP’s Q1 2005 figures exceed previous year’s values

Heidelberg, 18th May 2005 - MLP Group pre-tax profit (EBT) totals EUR 14.9 million in Q1 2005, net profit is posted at EUR 9.3 million. Both figures therefore slightly exceed those of the same period last year of EUR 14.6 million and EUR 8.9 million respectively. As expected, brokerage business, which is classified under MLP Finanzdienstleistungen AG, has developed clearly weaker in comparison with last year. This is mainly due to the comprehensive training measures which MLP undertook in the first two months of 2005 to prepare its consultants for the changes in the private pension provisions sector. Earnings in the life insurance segment are by contrast considerably higher. This is due to the slower new business and the corresponding low acquisition costs as well as increasing premium income from existing policies.

MLP will be publishing detailed figures for Q1 2005 on 25th May.