MPC Münchmeyer Petersen Capital AG

Earnings Release • Oct 27, 2006

News Details

Corporate | 27 October 2006 07:20

MPC Capital AG above previous year’s level at the nine-month stage

Corporate news transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. —————————————————————————— MPC Capital AG above previous year’s level at the nine-month stage – Successful placement of ship investments – Revenues generated from real estate sale – Sales and net income grow Hamburg, October 27, 2006 – MPC Münchmeyer Petersen Capital AG, the SDAX-listed financial service provider, increased its sales revenues by 12% from EUR 143.1 million to EUR 160.3 million in the first nine months of 2006. The increase was attributable to the EUR 722 million in equity placed (2005: EUR 714 million), which was primarily driven by ship investments and life insurance funds in the third quarter. Additional revenues of around EUR 13 million were generated from the sale of the “88 Wood Street“ property. At EUR 43.7 million, earnings before interest and tax (EBIT) were up 3% on the previous year’s EUR 42.6 million. The consolidated net profit after minority interests increased by 1% on the previous year’s EUR 32.0 million to EUR 32.4 million. Accordingly, earnings per share decreased from EUR 3.02 to EUR 3.06. As of September 30, 2006, the MPC Capital Group employed 290 people (2005: 213). The nine-month figures presented today show MPC Capital well on track to reach its targets for the fiscal year 2006, and the company therefore confirmed its projections. The placement volume is projected to reach at least EUR 1 billion, while consolidated net profit after minority interests is expected to amount to EUR 50 million. The Management Board stuck to its shareholder-friendly policy and projected a dividend of at least EUR 4.00 per share. “The first nine months of fiscal 2006 were characterised by three major events. First, a diversified, quality-oriented product portfolio and a powerful sales organisation have laid the basis for continued high placement volumes. Second, we have expanded our Management Board and launched Assentus Bank to lay the organisational foundation for the continued development of MPC Capital AG. And third, we successfully provided an exit for our investors by a high-profile sale of the “88 Wood Street” property. As in the past, our shareholders will benefit directly from these achievements in the form of an attractive dividend,” said Dr. Axel Schroeder, CEO of MPC Capital AG. Key figures of the first nine months In TEUR 1.1.-30.09.06 1.1.-30.09.05 +/– Sales 160,277 143,145 + 12% EBIT 43,712 42,615 + 3% Consolidated net income 32,404 31,971 + 1% Earnings per share in EUR 3.06 3.02 + 1% Employees 290 213 + 36% Equity placed in the first nine months Business segment in EUR million 1.1.-30.09.06 1.1.-30.09.05 +/– Real estate funds 178 298 – 40% thereof real estate opportunity 88 59 + 49% funds Corporate investments 302 244 + 24% thereof ship investments 293 234 + 25% Life insurance funds 113 106 + 7% Structured products 87 24 + 263% Private equity funds 34 25 + 36% Investment funds 9 17 – 47% TOTAL 722 714 +1% *Differences due to rounding. Since 1994, over 137,000 customers (YE 2005: 119,000) have invested EUR 5.48 billion in 247 funds with a total investment volume of EUR 13.87 billion. The interim report on the nine-month period ended September 30, 2006 is available in the Investor Relations section at www.mpc-capital.com. (c)DGAP 27.10.2006 ————————————————————————— 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: ir@mpc-capital.com 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 —————————————————————————