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MPC Münchmeyer Petersen Capital AG
Earnings Release • Feb 8, 2016
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Earnings Release
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News Details
Corporate | 8 February 2016 08:04
MPC Capital achieves significant revenue and earnings growth in 2015
DGAP-News: MPC Münchmeyer Petersen Capital AG / Key word(s): Final Results
2016-02-08 / 08:04
The issuer is solely responsible for the content of this announcement.
MPC Capital achieves significant revenue and earnings growth in 2015
– Revenue climbs 38% to EUR 47.8 million
– Earnings before tax (EBT) grows 85% to EUR 11.4 million
– Expansion of Real Estate and Infrastructure asset classes targeted
Hamburg, 8 February 2016 – The Hamburg based asset and investment manager MPC Capital AG (Deutsche Börse Entry Standard, ISIN DE000A1TNWJ4) achieved healthy revenue and earnings growth in the past financial year of 2015. Overall, revenue increased by 38% from EUR 34.5 million in the previous year to EUR 47.8 million. The steep growth was substantially driven by a number of large transactions in the Real Estate sector as well as by the integration of the ship manager Ahrenkiel Steamship, which contributed to a sharp expansion in the maritime services provided by MPC Capital AG.
Earnings before tax (EBT) for the MPC Capital Group climbed by 85% from EUR 6.2 million in the previous year to EUR 11.4 million. Consolidated earnings for 2015 reached EUR 7.5 million (2014: EUR 4.2 million). The positive result, the integration of Ahrenkiel Steamship and the repayment of all bank loans taken out during the restructuring phase moreover produced a noticeable improvement in balance sheet quality: The equity ratio doubled from 21% in the previous year to 42% at the 2015 reporting date.
MPC Capital considers there to be additional growth potential particularly in the Real Estate and Infrastructure asset categories. To align investor interests with those of the asset and investment manager, MPC Capital intends, in consultation with the investors, to invest up to 10% of the equity of each investment project in the form of a co-investment. By this MPC Capital participates additionally in the increase in value of projects.
Based on a well-stocked project pipeline and attractive co-investment opportunities, MPC Capital is currently examining a variety of scenarios and options for financing further growth. This includes the reactivation of the company’s stock market activities. Therefor the company plans to intensify its marketing activities and capital markets profile.
Note: The full Annual Report 2015 of MPC Capital AG is expected to be published on 14 March 2016.
Key figures
| P&L | 2015 | 2014 | +/- |
| EUR’000 | EUR’000 | ||
| Revenue | 47,763 | 34,518 | 38% |
| thereof Asset Management and Transaction Services |
27,335 | 8,952 | 205% |
| thereof Fund Management and Administration |
20,129 | 25,390 | -21% |
| Other operating income | 8,604 | 20,631 | -58% |
| Personnel expenses | -20,693 | -16,126 | 28% |
| Other operating expenses | -29,503 | -23,762 | 24% |
| Income from participation | 5,856 | 1,246 | 370% |
| Equity earnings from associated companies | 3,606 | -1,315 | n/a |
| Result from ordinary activities (EBT) | 11,380 | 6,160 | 85% |
| Consolidated net earnings | 7,468 | 4,220 | 77% |
| Balance Sheet | 31/12/2015 | 31/12/2014 | |
| EUR’000 | EUR’000 | ||
| Total equity and liabilities | 80,169 | 60,484 | 33% |
| Non-current assets | 35,246 | 26,511 | 33% |
| thereof Financial assets | 25,013 | 26,017 | -4% |
| Current Assets | 44,870 | 33,924 | 32% |
| thereof Cash* | 16,935 | 7,317 | 131% |
| Equity | 33,898 | 12,621 | 169% |
| Equity ratio | 42.3% | 20.9% | +21pp |
| Provisions | 32,609 | 27,626 | 18% |
| Liabilities | 12,108 | 18,644 | -35% |
| Employees (Average for the year) | 220 | 165 | 55 |
| Personnel expenses ratio | 43% | 47% | -4pp |
*Cash in hand and bank balances
About MPC Capital AG
MPC Capital AG is an independent asset and investment manager for real asset investments. Together with its subsidiaries, the company develops and manages real asset investments and investment products for international institutional investors, family offices and professional investors. Its focus is on the asset categories Real Estate, Shipping and Infrastructure. Today, MPC Capital manages EUR 6.4 bn in Assets under Management (AuM). MPC Capital AG has been quoted on the stock exchange since 2000 and has around 240 employees group-wide.
Contact
MPC Capital AG
Stefan Zenker
Head of Investor Relations & Public Relations
Tel. +49 40 38022-4347 
Fax +49 40 38022-4878
e-mail: [email protected]
2016-02-08 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.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
| 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; Open Market (Entry Standard) in Frankfurt |
| End of News | DGAP News Service |