MPC Münchmeyer Petersen Capital AG

Earnings Release • Jul 31, 2006

News Details

Ad-hoc | 31 July 2006 07:33

MPC Münchmeyer Petersen Capital AG: Half Year Figures 2006 – Raising Guidance

Ad hoc announcement transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. —————————————————————————— MPC Capital AG places EUR 326 million equity in the second quarter – First-half sales and earnings down on previous year – Guidance for 2006 raised – Management Board again considers a dividend of EUR 4.00 possible Hamburg, July 31, 2006 – As expected, Q2 2006 was a dynamic quarter for MPC Münchmeyer Petersen Capital AG, the SDAX-listed financial service provider. The comprehensive range of products and strong demand for attractive capital investments led to a very positive result, with EUR 326 million in equity raised between April and June 2006 (Q1: EUR 168 million). At EUR 493 million, equity placed in the 6-month period ended June 30, 2006 was down 11% on the previous year’s EUR 553 million, which was attributable to the performance in the first quarter. Accordingly, first-half sales, at EUR 91.7 million, were down 18% on the previous year’s EUR 111.5 million. Earnings before interest and taxes (EBIT) declined by 35% from EUR 32.9 million to EUR 21.4 million. At EUR 16.6 million, consolidated net income after minority interests was down 33% on the previous year’s EUR 24.8 million, which translates into earnings per share of EUR 1.57, compared to EUR 2.34 in the previous year. As of June 30, 2006, the MPC Capital Group employed 252 people (previous year: 207). The Management Board has raised its expectations for the current fiscal year. Due to the comprehensive range of products for the second half of the year and the good demand for attractive capital investments, the Management Board is confident that a placement volume of at least EUR 1 billion will be reached for the full fiscal year (previously EUR 950 million to EUR 1 billion). The Management Board has raised its guidance for the Group’s net income from EUR 36 – 39 million to EUR 40 – 45 million. The Board aims for a consistent dividend and considers a dividend of EUR 4.00 per share possible provided that this is justified by earnings per share. ————————————————————————— Information and Explaination of the Issuer to this News: “2006 again sees MPC Capital on a successful course. A broad product portfolio, strong institutional and independent sales partners as well as stable margins allow us to view the second half of the fiscal year with optimism. A possible dividend of EUR 4.00 means that our shareholders will benefit directly from these good prospects. The start of operations of ASSENTUS BANK represents another strategic step towards opening up new growth opportunities for MPC Capital and dealing with potential regulatory changes,” said Dr. Axel Schroeder, Chairman of the Management Board of MPC Capital AG. The new ASSENTUS BANK, which started operations at the beginning of July, means that the MPC Capital Group now has a bank of its own. ASSENTUS BANK is the result of an increase in MPC Capital’s investment in Hanseatische i-Bank to 75% and a fundamental redesign of the bank‘s business model. The sales activities of the new bank will focus on management-based capital investments such as opportunity funds, private equity funds, notes and certificates (structured products). The traditional closed-end funds such as ship investments as well as real estate and life insurance funds will continue to be marketed through MPC Capital. Key figures of the first six months In KEUR 1.1.-30.0- 1.1.-30.0- +/– Sales 91,719 111,531 – 18% EBIT 21,417 32,877 – 35% Consolidated net income after 16,593 24,824 – 33% minority interests Earnings per share in EUR 1.57 2.34 – 33% Employees 252 207 +18% Equity placed in the first six months Business segment in EUR million 1.1.-30.06 1.1.-30.06 +/– Real estate funds 134 206 –35% thereof real estate opportunity 60 16 +275% funds Corporate investments 202 188 +7% thereof ship investments 193 178 +8% Life insurance funds 62 99 –37% Structured products 74 24 +208% Private equity funds 18 22 –18% Investment funds 2 14 –86% TOTAL 493 553 –11% *Differences due to rounding. Since 1994, over 130,000 customers (YE 2005: 119,000) have invested EUR 5.26 billion in 239 funds with a total investment volume of EUR 13.74 billion. The interim report on the six-month period ended June 30, 2006 is available in the Investor Relations section at www.mpc-capital.com. Inquiries: Andreas Schwarzwälder Investor Relations Phone: +49 40 38022-347, fax: +49 40 38022-878 E-mail: ir@mpc-capital.com (c)DGAP 31.07.2006 ————————————————————————— 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 —————————————————————————