Earnings Release • Apr 19, 2007
Earnings Release
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Corporate | 19 April 2007 07:28
MPC Münchmeyer Petersen Capital AG: MPC Capital makes successfuk start to fiscal 2007
MPC Münchmeyer Petersen Capital AG / Quarter Results
Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer is solely responsible for the content of this announcement.
Hamburg, April 19, 2007 – On the occasion of today’s Annual General
Meeting, MPC Münchmeyer Petersen Capital AG has published the volume of
equity placed in the first three months of 2007. MPC Capital increased the
equity raised in the first quarter of the fiscal year by 36% from EUR 168
million to EUR 228 million, thus making a successful start of fiscal 2007.
Business segment in EUR m 31.03.2007 31.03.2006 +/–
Real estate funds 51 77 – 34%
thereof Real Estate Opportunity 27 29 – 7%
Corporate investments 117 37 +216%
thereof ship investments 109 30 + 263%
Life insurance funds 17 15 + 13%
Structured products 33 21 + 57%
Private equity funds 6 11 – 46%
Investment funds 4 7 – 43%
TOTAL 228 168 + 36%
*Deviations due to rounding of figures.
At EUR 109 million (previous year: EUR 30 million), ship investments made a
particularly strong contribution to this positive result. Placement of the
second reefer fleet, MPC Reefer Fleet 2, and of a container ship fund
including two 9,661 TEU vessels started at the beginning of March. The fact
that half of the two funds’ total equity volume of EUR 185 million was
placed as of March 31, 2007 reflects both the high demand for attractive
ship investments and the importance of product availability for a quarterly
review of the business model.
Equity raised for the closed real-estate funds declined in the first
quarter 2007, which had been expected in view of the situation in the
international real estate markets. A total amount of EUR 51 million
(previous year: EUR 77 million) was invested in traditional closed-end
funds as well as in the real estate opportunity investment concept.
Life insurance funds reported a placement volume of EUR 17 million for the
first three months (previous year: EUR 15 million). Most of this volume was
accounted for by the second fund based on British policies.
At EUR 33 million, the issuing volume of structured products was up 57% on
the previous year’s EUR 21 million. The products marketed by Assentus Bank
comprise various capital-protected notes and certificates as well as
insurance products.
Private equity and investment funds are traditionally characterised by
moderate placement activities in the first three months
'Our successful start to the fiscal year means that we are excellently
positioned to reach our full-year targets. The increase in the placement
volume over the previous year suggests that sales and earnings will also be
up on the respective previous year’s figures as of May 2,' said CFO Ulf
Holländer at today’s Annual General Meeting.
MPC Capital AG’s figures for the first three months of 2007 will be
published on May 2, 2007.
If you have any questions, please contact:
Andreas Schwarzwälder
Investor Relations
MPC Münchmeyer Petersen Capital AG, Palmaille 67, D-22767 Hamburg,
phone: +49 40/380 22-4347
fax: +49 40/380 22-4878,
e-mail: [email protected]
Language: English
Issuer: MPC Münchmeyer Petersen Capital AG
Palmaille 67
22767 Hamburg Deutschland
Phone: +49 (0)40 380 22 347
Fax: +49 (0)40 380 22 878
E-mail: [email protected]
www: www.mpc-capital.com
ISIN: DE0005187603
WKN: 518760
Indices: S-DAX
Listed: Amtlicher Markt in Frankfurt (Prime Standard), Hamburg;
Freiverkehr in Berlin-Bremen, Hannover, Düsseldorf, München,
Stuttgart
End of News DGAP News-Service
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