The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Philipp HS¯ler - Pareto Securities AS, Research Division - Analyst
: Yes, hello, Philipp Hassler from Pareto. I have a number of questions. Firstly, on the tax rate in Q2, which was very high. Could you please give some
color on the tax rate? Then the interest expenses for liabilities, they amounted to [EUR 2.6 million] in Q2. Do you have a figure for Q1 as well? At
least I haven't found any in the financial report for Q1.
And then on the performance fees and outlook for the second half, because I think the high watermarks play an important role regarding the
achievement or the generation of performance fees. Are we still far away, or not we, but are you still far away from these high watermarks? Or is it
possible that performance fees will increase again to somewhat higher levels in H2 or at least next year?
Question: Philipp HS¯ler - Pareto Securities AS, Research Division - Analyst
: Okay, perfect. I forgot one question I had, because the EUR 2.8 million negative financial one-off, which is related to the merger of industrial brokers,
maybe you can also give some color on this. I mean, it sounds like a relatively high figure for merging a few entities.
Question: Philipp HS¯ler - Pareto Securities AS, Research Division - Analyst
: That's certainly a good decision. I do appreciate that. But just coming back to, so it was -- but it was a one-time effect, because you said you -- now
you consolidate the losses of the smaller companies, but that's, nevertheless, it was a one-time effect. So there won't be now losses from the smaller
companies contributing negatively to EBIT in the next quarter.
Question: Philipp HS¯ler - Pareto Securities AS, Research Division - Analyst
: So you will be able to take out some costs going forward?
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AUGUST 10, 2023 / 12:00PM, MLPG.DE - Q2 2023 MLP SE Earnings Call
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