MLP Group records growth in revenue and profit in the first three quarters of 2024

• Sales revenue: EUR 64.7 million (+10% compared to the previous year)
• Rental income: EUR 37.5 million (+15% compared to the previous year)
• Value of investment properties: EUR 1.2 billion (+ 17% compared to 31 December 2023)
• Net asset value (NAV): EUR 617 million (+ 12% compared to 31 December 2023)
• Net asset value (NAV) per share: EUR 25.7 (+ 12% compared to 31 December 2023)
• Earnings before interest, taxes, depreciation and amortisation (EBITDA) without revaluation: EUR 32.9 million (+ 11% compared to the previous year)
• Operating result (funds from operations - FFO): EUR 12.6 million (- 21% compared to the previous year)
• Net profit: EUR 61.6 million

Caption: Radosław T. Krochta, Chairman of the Executive Board of the MLP Group S.A. Copyright: MLP Group.

The MLP Group, a developer, owner and manager of high-quality commercial, industrial and logistics parks specialising in brownfield sites, is continuing its expansion in its key markets. In response to the increasing demand for logistics and commercial space, the developer is strengthening its market position through strategic investments and agile portfolio management strategies.

In the nine months to 30 September 2024, consolidated revenue increased by 10% year-on-year to EUR 64.7 million. Rental income also increased by 15% and totalled EUR 37.5 million at the end of the third quarter. While the value of investment property increased by 17 % to over EUR 1.2 billion, the net asset value (NAV) rose by 12 % since the beginning of the year and totalled over EUR 617 million.

At the beginning of October, the MLP Group issued bonds with a nominal value of EUR 300 million. These are listed on the Luxembourg Stock Exchange and admitted to the stock exchange's alternative trading system Euro MTF.

"In view of the positive market assessments in all regions in which we operate, we are looking to the future with confidence. The capital raised through our recent bond issue will serve as a catalyst for further growth, with around 60% earmarked for investments in Germany. This includes a newly acquired site near Düsseldorf, which is earmarked for a data centre project - one of the most important growth areas in our portfolio. At the same time, we are pressing ahead with important developments in Gelsenkirchen, Idstein near Frankfurt am Main and Spreenhagen near Berlin.

We are also still active on the Polish market. In the near future, we plan to secure a plot of land in Rzeszów, not far from the Ukrainian border, where we will build a logistics park to attract investment to support our eastern neighbours. Further property purchases are already in preparation. Looking ahead to the coming years, we also intend to strengthen our presence in Austria and Romania as well as expand into Amsterdam. This should further consolidate our presence in Europe. However, Poland and Germany will continue to form the backbone of our activities and account for around 80 to 90 % of the portfolio," says Radosław T. Krochta, CEO of the MLP Group S.A.

The MLP Group is currently represented with 23 parks in Poland, Germany, Austria and Romania. Its focus is on logistics and urban commercial parks. At the end of the third quarter of 2024, the completed area totalled almost 1.2 million m², with a further 260,000 m² under construction or in planning. The total development potential of the portfolio amounts to 1.9 million m².

As part of its Build & Hold strategy, the MLP Group holds and manages completed parks in its portfolio. The developer's projects are characterised by attractive locations, speculative development and tenant support over the entire rental period.

About MLP Group S.A.:

The MLP Group is a developer, owner and manager of high-quality commercial, industrial and logistics parks in Poland, Germany, Austria and Romania, specialising in brownfield sites. The company currently owns and manages a property portfolio of 23 parks in four countries with a total size of approx. 1.9 million m² of existing and approved rental space ready for construction. The net asset value amounts to around EUR 617 million (Q3/2024). The MLP Group has been listed on the Warsaw Stock Exchange WSE since 2013 (ISIN: PLMLPGR00017).

With offices in Warsaw, Munich, Cologne, Frankfurt am Main, Vienna and Bucharest, the company offers customised and sustainable real estate solutions for users from various sectors such as retail, e-commerce, production, automotive and logistics.

The MLP Group was founded in Warsaw, Poland, in 1998. The company has been represented on the German market since 2017 and currently has five properties in Berlin, Unna, Gelsenkirchen and Idstein. Further projects in the pipeline in Germany and Austria are planned in the regions of Berlin, the Ruhr area, Düsseldorf, Cologne, Frankfurt, Munich and Vienna.

Further details on the MLP Group can be found at www.mlpgroup.com

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