MLP SE Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 09, 2023 at 12:06 pm EST
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MLP SE reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was EUR 205.39 million compared to EUR 197.65 million a year ago. Revenue was EUR 209.67 million compared to EUR 202.07 million a year ago. Net income was EUR 6.59 million compared to EUR 4.45 million a year ago. Basic earnings per share from continuing operations was EUR 0.06 compared to EUR 0.04 a year ago. Diluted earnings per share from continuing operations was EUR 0.06 compared to EUR 0.04 a year ago.
For the nine months, sales was EUR 665.03 million compared to EUR 659.15 million a year ago. Revenue was EUR 684.63 million compared to EUR 674.68 million a year ago. Net income was EUR 32.48 million compared to EUR 34.52 million a year ago. Basic earnings per share from continuing operations was EUR 0.3 compared to EUR 0.32 a year ago. Diluted earnings per share from continuing operations was EUR 0.3 compared to EUR 0.32 a year ago.
MLP SE is a Germany-based holding company engaged in the investment management and fund operators industries. Through its subsidiaries, the Company operates as a financial services company which offers financial products and solutions. The Company operates four business segments. The Financial Services segment provides consulting services, insurance, investments, pension provision schemes and loans, as well as contract brokering concerning these financial services, among others. In addition, this segment includes portfolio management, trustee credit business and credit card business. The Feri segment covers wealth and investment consulting. The Holding business segment covers the Companyâs internal services and activities. The Non-Life Insurance segment covers underwriting. All segments are active in Germany, whereas the Feri segment also operates in Luxembourg. The Company operates MLP Finanzdienstleistungen AG, FERI AG, TPC GmbH and the DOMCURA Group as wholly owned subsidiaries.