MPC Münchmeyer Petersen Capital AG

Earnings Release • Nov 8, 2005

News Details

Ad-hoc | 8 November 2005 18:06

MPC Capital AG: Guidance and dividend expectations for 2005 raised

Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. —————————————————————————— -Placement volume of up to EUR 1 billion expected -Dividend between EUR 3.50 and EUR 4.00 announced -Nine-month figures down on previous year as expected Hamburg, November 8, 2005 – MPC Münchmeyer Petersen Capital AG, the MDAX- listed financial service provider, presented its nine-month figures, which show that the company is highly likely to exceed its targets for fiscal 2005. The Management Board has therefore raised its guidance. The placement volume will total between EUR 950 million and EUR 1 billion (formerly: EUR 900 to 950 million), while the consolidated net income is expected to reach between EUR 40 million and EUR 43 million (formerly EUR 37 to 40 million). The Management Board will stick to its shareholder-friendly dividend policy and has announced a dividend of between EUR 3.50 and EUR 4.00 per share. As expected, MPC Capital’s nine-month sales were down 22% on the previous year’s EUR 184.7 million to EUR 143.1 million. At EUR 714 million, the placement volume remained slightly below the previous year’s level of EUR 866 million. Earnings before interest and taxes (EBIT) declined by 26% from EUR 57.4 million to EUR 42.6 million. At EUR 32.0 million, consolidated net income was down 25% on the previous year’s EUR 42.8 million. As a result, earnings per share declined from EUR 4.04 to EUR 3.02. As of September 30, 2005, the MPC Capital Group employed 213 people (2004: 178). MPC Münchmeyer Petersen Capital AG Palmaille 67 22767 Hamburg Deutschland ISIN: DE0005187603 (MDAX) WKN: 518760 Listed: Amtlicher Markt in Frankfurt (Prime Standard) und Hamburg; Freiverkehr in Berlin-Bremen, Düsseldorf, Hannover, München und Stuttgart End of ad hoc announcement (c)DGAP 08.11.2005 Issuer’s information/explanatory remarks concerning this ad hoc announcement: “Our performance in the fiscal year has been in line with our expectations and with what we communicated to the capital market. The sales permit from the Federal Financial Supervisory Authority (BaFin), which has been required for closed-end funds since July 1, 2005, has clearly divided the fiscal year into two halves. On the one hand, there was a strong trend in the first half of the year towards placing products before June 30, 2005, on the other hand, the sales permit process resulted in the expected delay in product availability in the third quarter. Our cooperation with the BaFin has developed very positively and we have attractive capital investment offerings in all product segments for the fourth quarter. The success of the Real Estate Opportunity Fund and the large product portfolio allow us to raise our guidance for the second time this year. As usual, our shareholders will have a direct share in this success in the form of an attractive dividend. The performance in fiscal 2005 gives impressive proof of the strength of the highly diversified and quality-oriented business model, irrespective of the performance in individual quarters,” said Dr. Axel Schroeder, Chairman of the Management Board of MPC Capital AG. in TEUR 1.1.-30.09.05 1.1.-30.09.05 +/- Sales 143,145 184,673 -22% EBIT 42,615 57,355 -26% Consolidated Net Profit 31,971 42,794 -25% Earnings per share 3.02 4.04 -25% Employees 213 178 +20% Equity placed in the first nine months Business segment in EURm 1.1.-30.09.05 1.1.-30.09.05 +/- Real Estate Funds 298 404 -26% thereof Real Estate Opportunity 59 0 — Corporate investments 244 325 -25% thereof ship investments 234 322 -27% Life insurance funds 106 98 +8% Structured products 24 0 — Private equity funds 25 17 +47% Investment funds 17 22 -23% TOTAL 714 866 -21% *Differences due to rounding Since 1994, over 115,000 customers (YE 2004: 97,000) have invested EUR 4.50 billion in 211 funds with a total investment volume of EUR 11.44 billion. The interim report for the nine-month period ended September 30, 2005 is available in the Investor Relations section at http://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 End of message (c)DGAP