MLP released a profit warning and is now expecting an FY'23 EBIT of € 71m, thus missing the guidance of € 75-85m due to € 4m of goodwill impairments in the real estate business. Nevertheless, we look optimistically into FY'24e due to MLP's attractive risk/reward profile.
19 Feb 2024
MLP (MLP GR) - Case fully intact despite PW; chg.
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MLP (MLP GR) - Case fully intact despite PW; chg.
MLP released a profit warning and is now expecting an FY'23 EBIT of € 71m, thus missing the guidance of € 75-85m due to € 4m of goodwill impairments in the real estate business. Nevertheless, we look optimistically into FY'24e due to MLP's attractive risk/reward profile.