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EarningsQ2 2026 Earnings Report
DE:MLP Q2 2026 EPS Results
Actual EPS€0.11
Consensus EPS€0.39
Beat/MissMissed by -€0.28
One Year Ago EPS€0.01
DE:MLP Q2 2026 Revenue Results
Actual Revenue€256.74M
Expected Revenue€572.30M
Beat/MissMissed by -€315.56M
YoY Revenue Growth+14.94%
Earnings Announcement Details
QuarterQ2 2026
Date08/13/2026
TimeBefore Open
Conference CallThursday, August 13, 2026
DE:MLP Upcoming Earnings
MLP AG's next earnings date is estimated for November 12, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a largely positive operational and financial picture: record H1 revenue (+10%) and record-level key metrics (AUM EUR 68.8bn; non-life premiums EUR 865m), strong segment growth (Property & Casualty +12%, Wealth +11%), solid capital and liquidity buffers (core ratio 17.7%, LCR 831%), and reiterated full-year and midterm targets. Counterbalancing items include capital market volatility, H1 net outflows (EUR 0.4bn) concentrated client-driven reductions, performance-fee unpredictability (H1 performance fees EUR 8.5m and carries EUR 3.6m), early-stage non-revenue strategic initiatives (Praxeasy) and certain one-off segment reclassifications. Overall, highlights and structural strengths notably outweigh the near-term uncertainties and one-offs, with management taking a conservative stance on H2 performance fees.Company Guidance
Record Total Revenue and EBIT (H1 2026)
Total revenue increased by 10% year-over-year to ~EUR 583 million in the first 6 months of 2026. EBIT reached a new record level in H1 (reported in presentation as EUR 64 million; core figure referenced EUR 60.4 million), driven by revenue growth and disciplined cost management.
Strong Segment Growth: Property & Casualty and Wealth
Property & Casualty revenue grew by 12% and Wealth revenue grew by 11% in H1 2026. Key drivers included a significant expansion in managed non-life insurance premium volume and higher Wealth Management revenue from increased assets under management and performance-based compensation.
Record Assets Under Management and Non-Life Premium Volume
Assets under management increased to a new record level of EUR 68.8 billion despite market volatility. Managed non-life insurance premium volume reached a record EUR 865 million, supporting portfolio stability and growth potential.
Strong Capital and Liquidity Metrics
Equity increased slightly from EUR 585 million to EUR 589 million versus the 2025 balance sheet date. Regulatory core capital ratio was 17.7% as of June 30, 2026. Liquidity Coverage Ratio (LCR) stood at 831%, well above the 100% regulatory requirement.
Performance Fees and Carry Revenues Contributed in H1
Pure performance fees in H1 amounted to EUR 8.5 million; Q2 also included EUR 3.6 million of carry revenues (booked to other income). Management indicated the EBIT effect of performance fees is roughly two-thirds of the fee amount, while carries had almost no EBIT effect in the quarter.
Reaffirmed Full-Year and Midterm Targets
Management confirmed 2026 EBIT guidance of EUR 100–110 million and reiterated midterm targets of EUR 140–155 million EBIT and EUR 1.3–1.4 billion total revenue by end of 2028, while noting conservative planning for performance-based fees.
Strategic Digital & AI Initiatives and New Solutions
Continued targeted investments in digitalization, AI, training and platforms are highlighted as drivers of efficiency and client support. New offerings include Praxeasy (AI-supported practice management for medical professionals) and preparedness for the government-initiated Altersvorsorgedepot (replacement for Riester from Jan 1, 2027).
DE:MLP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed