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MPC Münchmeyer Petersen Capital AG
Earnings Release • Aug 8, 2016
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Earnings Release
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News Details
Corporate | 8 August 2016 07:41
MPC Capital lifts consolidated net profit in first half of 2016
DGAP-News: MPC Münchmeyer Petersen Capital AG / Key word(s): Half Year Results
2016-08-08 / 07:41
The issuer is solely responsible for the content of this announcement.
MPC Capital lifts consolidated net profit in first half of 2016
– 30% increase in management fees
– improved income from equity investments leads to improved financial result
– Consolidated net profit increases by 18% to EUR 4.8 million
Hamburg, 8 August 2016 – MPC Capital AG (Deutsche Börse Entry Standard, ISIN DE000A1TNWJ4), an asset and investment manager specialising in real asset investments, continued its growth path in the first half of 2016, increasing its income from asset management activities by one-third. In addition, a sharp increase in income from equity investments led to an improved financial result, lifting the MPC Capital Group’s consolidated net profit by 18% year on year.
Transaction income expected to increase in second half of the year
According to preliminary figures, revenue for the first half of 2016 amounted to EUR 22.9 million (H1 2015: EUR 25.2 million). Management fees increased significantly by 30% to EUR 18.1 million (H1 2015: EUR 14.0 million). Transaction fees fell from EUR 11.3 million in the previous year to EUR 4.8 million in the first half of 2016, due to the fact that a sizeable real estate transaction had taken place in the same period of the previous year. MPC Capital expects transaction fees to rise in the second half of this year: The Company is currently in an advanced stage of negotiations concerning the sale of assets in all three asset classes covered by the MPC Capital Group (real estate, shipping and infrastructure) with a total volume of approximately EUR 800 million.
Decline in EBT, but increase in net income
Earnings before tax (EBT) in the first half of 2016 amounted to EUR 7.3 million, down slightly as compared to the figure for the first half of 2015 (EUR 7.9 million), which had included higher transaction fees. Nevertheless, the 32% EBT margin was still roughly on par with the previous year (H1 2015: 31%).
Consolidated net income (EAT) rose by 18% to EUR 4.8 million in the first half of 2016 (H1 2015: EUR 4.1 million). The capital increase in March and the positive result for the first half of the year also resulted in an improved equity ratio of 56% as at 30 June 2016 (31 December 2015: 42%), with total assets amounting to EUR 91.3 million. The majority of the approximately EUR 12 million in proceeds from the capital increase has already been invested or earmarked for specific projects.
Healthy asset pipeline
Assets under management (AuM) amounted to EUR 5.6 billion in the first half of 2016, up slightly as compared to 31 December 2015 (EUR 5.5 billion). Asset disposals were more than offset by the addition of new projects under management by the MPC Capital Group.
MPC Capital’s current project pipeline has a total volume in excess of EUR 5 billion, roughly one-third of which are in the due diligence phase or in negotiations. The focus is on real estate projects in Germany and the Netherlands, and industrial facilities in developing and emerging markets.
Note: the full 2016 half-yearly financial report will be released on 31 August.
About MPC Capital AG ( www.mpc-capital.de )
Die MPC Capital AG is an independent asset and investment manager specialising in real investments and investment products. Together with its subsidiaries, the Company develops and manages real investments and investment products for international institutional investors, family offices and professional investors. The focus is on the asset classes real estate, shipping and infrastructure. MPC Capital AG has been quoted on the stock exchange since 2000 and employs some 240 people Group-wide.
Contact
MPC Capital AG
Stefan Zenker
Head of Investor Relations & Public Relations
Tel. +49 (40) 380 22-4347 
E-mail: [email protected]
This press release contains forward-looking statements which are subject to certain risks and uncertainties. Future results can deviate significantly from currently expected results due to a variety of risk factors and uncertainties such as changes in the business, economic or competitive situation, exchange rate fluctuations, uncertainties with respect to legal disputes or investigations and the availability of financial resources. MPC Capital AG assumes no responsibility for updating the forward-looking statements contained in this press release.
2016-08-08 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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| Language: | English |
| Company: | MPC Münchmeyer Petersen Capital AG |
| Palmaille 75 | |
| 22767 Hamburg | |
| Germany | |
| Phone: | +49 (0)40 380 22-0 |
| Fax: | +49 (0)40 380 22-4878 |
| E-mail: | [email protected] |
| Internet: | www.mpc-capital.de |
| ISIN: | DE000A1TNWJ4 |
| WKN: | A1TNWJ |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Open Market (Entry Standard) in Frankfurt |
| End of News | DGAP News Service |