Financial data

MLP Group posts over PLN 170m in net profit for 2020 

MLP Group remains on a sound financial footing. Last year, it increased its net asset value (NAV) by 29%, to PLN 1.21bn. The value of its investment property also rose 29%, to PLN 2.33bn. In 2020, the Group generated PLN 170.4m in net profit, up 32% on the previous year, on consolidated revenue of PLN 190.7m, representing a year-on-year increase of 36%. However, factoring in rental income, i.e. MLP Group’s main revenue stream from its core business, the Group reported growth of 23.9% year on year.

In 2020, the aggregate area of MLP Group’s projects under construction and in the pipeline was in excess of 241 thousand m2. As at the end of 2020, the Group’s portfolio of finished projects comprised more than 715 thousand m2 of modern warehouse space. Including projects under construction and in the pipeline, the Group offered a total of nearly 860 thousand m2 of modern space. In addition, it held a land bank with a target development area of almost 1.29 million m2, and had in place a number of reservation agreements to purchase new land for planned logistics parks in Poland, (e.g. Stryków, Pruszków, Poznań), Germany (e.g. Gelsenkirchen, Cologne, Frankfurt am Main, Leipzig) and Austria.

 

Selected financial ratios (2020)

  • Return on sales 89.3%
  • Current ratio 3.01
  • Debt ratio 54.8%
  • Return on assets (ROA) 6.4%
  • Return on equity (ROE) 14.1%

 

Presentation – financial results H1 2021

 

MLP Group basic financial data (in million PLN)
in million PLN 2016 2017 2018 2019 2020
Revenues 101,0 103,8 141,5 140,0 190,7
Gain on revaluation of investment property 58,3 8,6 88,7 120,8 213,3
Selling and administrative expenses (54,7) (56) (78,9) (77,7) (108,1)
Operating profit 102,4 55,2 151,1 180,0 297,8
Net profit 66,4 47,3 92,4 129,4 170,4
Total assets 1178,0 1358,4 1663 2074 2683
Total long term liabilities 435,1 569,2 762,4 971,1 1374,7
Total short term liabilities 67,1 62,5 85,6 164,4 96,4
Total equity 675,7 726,7 815,4 938,6 1211,7
Share capital 4,5 4,5 4,5 4,5 4,9
Total shares (pcs.) 18113255 18113255 18113255 18113255 19720255
Dividends (PLN/share) 2,3 0 0 0,22

Financial data XLS (download)