MLP SE Shows Strong Growth Despite Conservative Guidance

In the second quarter of 2026, MLP SE demonstrated significant growth, marked by an EBIT surge to €19.1 million from €4.9 million the previous year. This increase was driven by a higher assets under management (AuM) base, performance fees, and improved interest results. Despite these positive outcomes, the company's guidance remains conservative. As a result, NuWays AG has updated its full-year EBIT estimate to €116 million, approximately 10% above the mid-point.

Sales grew by 14.9% year-on-year to €257 million, bolstered by a 21% increase in wealth revenues and a 24% rise in wealth management. Real estate brokerage experienced a 44% growth year-on-year, although loans and mortgages remained weak. Life & Health and Property & Casualty divisions also showed positive trends, contributing to the company's robust performance.

The company's cautious outlook for the second half of the year contrasts with recent growth trends. This conservative stance may warrant a guidance revision in the next quarter.