On November 19, 2021, the MLP Group released its strategic goals for the coming three years.
According to MLP, the period leading up to 2024 will see the company’s net asset value double from EUR 387 million in 2021 to EUR 823 million. A significant part of this growth is expected in 2022, driven by the development of already fully secured projects in Germany and Austria.
In addition, MLP targets an annual organic growth of approximately 35% expected to be achieved through the increase of rental income from EUR 33 million to EUR 85 million between 2021 and 2024. The German and Austrian markets are expected to play a significant role in this, alongside Poland whose revenue is set to grow from the current EUR 32 million to EUR 55 million.
A third strategic goal announced by the company is to triple its EBITDA excluding revaluation so that it reaches approximately EUR 67 million in 2024. Its EBIT is expected to advance from EUR 22 million in 2021 to EUR 31 million in 2022 and EUR 48 million in 2023.
To meet these strategic goals, MLP Group plans to incur a yearly CAPEX of EUR 150–250 million comprising land acquisition and property development expenditures. The CAPEX will be financed with banking loans, corporate debt, and the issue of approximately 2.6 million new shares, scheduled for 2022.