MPC Münchmeyer Petersen Capital AG

Earnings Release • May 4, 2006

News Details

Corporate | 4 May 2006 07:29

MPC Münchmeyer Petersen Capital AG: First Quarter Results 2006

Corporate-news transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. —————————————————————————— MPC Capital AG’s business develops as planned in the first three months of 2006 – Sales and earnings down on the previous year – Product availability affects the result – Outlook for 2006 confirmed Hamburg, May 4, 2006 – In the first three months of 2006, sales of MPC Münchmeyer Petersen Capital AG, the MDAX-listed financial service provider, declined by 54% from EUR 57.7 million to EUR 26.8 million. With EUR 168 million in equity placed (2005: EUR 254 million), the fiscal year 2006 began as expected by the Hamburg-based issuing house. Earnings before interest and taxes (EBIT) fell by 74% to EUR 4.4 million, after EUR 17.0 million in the same period of 2005. Consolidated net income for the period was down 72% to EUR 3.5 million on the previous year’s EUR 12.5 million. Accordingly, earnings per share stood at EUR 0.33, compared to EUR 1.18 in the previous year. As of March 31, 2006, the MPC Capital Group employed 255 people (2005: 202). “Fiscal 2006 began as expected by MPC Capital. Our quarterly results are to a large extent influenced by the availability of products, which is why the placement volume develops differently over the course of a fiscal year. While in the first quarter of 2005 funds with large equity volume were available at the beginning of the year, marketing of similar products – for example the German Life Insurance Fund VI and the MPC Offen Fleet and MPC Reefer Fleet ship investments – began in the current quarter. In view of the placement volume available in 2006 as well as the demand of our sales partners and investors, we are optimistic for the further course of the fiscal year and therefore confirm our guidance today,” explained Dr. Axel Schroeder, Chairman of the Management Board of MPC Capital AG. The Management Board confirmed its expectations for the full year 2006 and projected an unchanged placement volume of EUR 950 million to EUR 1 billion as well as a net income of EUR 36 million to EUR 39 million, which should again permit payment of an attractive dividend to the company’s shareholders. Key figures for the first three months In EUR ‘000 March 31, March 31, +/– 2006 2005 Sales 26,784 57,695 –54% EBIT 4,358 17,009 –74% Net income 3,509 12,479 –72% Earnings per share in EUR 0,33 1.18 –72% Employees 255 202 +26% Equity placed in the first three months Business segment in EUR million March 31, March 31, +/– 2006 2005 Real estate funds 77 73 +5% thereof real estate opportunity 29 0 — funds Corporate investments 41 97 –58% thereof ship investments 30 93 –68% Life insurance funds 15 71 –79% Structured products 21 0 — Private equity funds 8 5 +60% Investment funds 7 8 –13% TOTAL 168 254 –34% *Differences due to rounding. Since 1994, over 123,000 customers (YE 2005: 119,000) have invested EUR 4.93 billion in 232 funds with a total investment volume of EUR 12.72 billion. The interim report on the three-month period ended March 31, 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 04.05.2006 ————————————————————————— language: English emitter: MPC Münchmeyer Petersen Capital AG Palmaille 67 22767 Hamburg Deutschland phone: +49 (0)40 380 22 347 fax: +49 (0)40 380 22 878 email: ir@mpc-capital.com WWW: www.mpc-capital.com ISIN: DE0005187603 WKN: 518760 indexes: stockmarkets: Amtlicher Markt in Frankfurt (Prime Standard), Hamburg; Freiverkehr in Berlin-Bremen, Hannover, Düsseldorf, München, Stuttgart End of News DGAP News-Service —————————————————————————