MPC Münchmeyer Petersen Capital AG

Earnings Release • Aug 10, 2005

News Details

Corporate | 10 August 2005 07:28

MPC Capital AG: Half-Year Results 2005

Corporate-news transmitted by DGAP. The issuer is solely responsible for the content of this announcement. —————————————————————————— MPC Capital AG places over half a billion Euro in the first half of 2005 – First-half sales rise 12% – Earnings climb 7% – Guidance for 2005 raised Hamburg, August 10, 2005 – In the first half of 2005, MPC Münchmeyer Petersen Capital AG, the MDAX-listed financial service provider, increased its sales by 12% from the previous year’s EUR 99.2 million to EUR 111.5 million. Continuing the positive performance of the first quarter, the company placed EUR 553 million in equity (2004: EUR 465 million). Earnings before interest and taxes climbed 9% from EUR 30.2 million in the first six months of the previous year to EUR 32.9 million. The Group’s net profit for the period increased by 7% from the previous year’s EUR 23.1 million to EUR 24.8 million. Accordingly, earnings per share rose from EUR 2.18 to EUR 2.34. As of June 30, 2005, the MPC Capital Group employed 211 people (2004: 172). “MPC Capital looks back on a very successful first half-year. Supported by the continued strong demand for attractive capital investments and a comprehensive product range, we were able to place over EUR 0.5 billion in equity in the first six months. We have also launched two new products that attracted a great deal of attention, namely the Fortrust note and the Real Estate Opportunity Fund. The success of this fund and the fact that we have secured additional properties in the UK allow us to raise our guidance for the current fiscal year. We have also secured four more ships in the 9,000+ TEU class, which will enable us to launch additional ship investments in a total amount of USD 200 million by the year 2008,” said Dr. Axel Schroeder, Chairman of the Management Board of MPC Capital AG. The Management Board now projects a placement volume of EUR 900 million to EUR 950 million (previously EUR 800 million) and a net profit of between EUR 37 and 40 million (previously EUR 35 million) for the full year 2005. The projected net profit will allow the company to pay out a dividend in excess of EUR 3.00 per share for fiscal 2005. Key figures for the first six months In TEUR 1.1.-30.06.05 1.1.-30.06.04 +/- Sales 111,531 99,207 +12% EBIT 32,877 30,174 +9% Consolidated net profit 24,824 23,088 +7% Earnings per share in EUR 2.34 2.18 +7% Employees 211 172 +23% Equity placed in the first six months: Business Segment in Mio. EUR 1.1.-30.06.05 1.1.-30.06.04 +/- Real Estate Funds 206 297 -31% thereof Real Estate Opportunity 16 0 — Corporate Investments 188 128 +47% thereof ship investments 178 127 +40% Life insurance funds 99 21 +371% Structured products 24 0 — Private equity funds 22 14 +57% Investment funds 14 4 +250% Total 553 465 +19% *Differences due to rounding Since 1994, over 112,000 customers (YE 2004: 97,000) have invested EUR 4.34 billion in 206 funds with a total investment volume of EUR 11.01 billion. The interim report for the six-month period ended June 30, 2005 is available in the Investor Relations section at http://www.mpc-capital.de. Inquiries: Andreas Schwarzwälder Investor Relations Phone: +49 40 38022-347, fax: +49 40 38022-878, e-mail: ir@mpc-capital.com End of announcement (c)DGAP 10.08.2005 —————————————————————————— WKN: 518760; ISIN: DE0005187603; Index: MDAX Listed: Amtlicher Markt in Frankfurt (Prime Standard) und Hamburg; Freiverkehr in Berlin-Bremen, Düsseldorf, Hannover, München und Stuttgart 100728 Aug 05