MPC Münchmeyer Petersen Capital AG

Earnings Release • May 3, 2005

News Details

Corporate | 3 May 2005 07:29

MPC Capital AG: Results First Quater 2005

Corporate-news transmitted by DGAP. The issuer is solely responsible for the content of this announcement. —————————————————————————— MPC Capital AG reports successful start to fiscal 2005 – First-quarter sales up by 71% – Earnings climb 85% – Guidance for 2005 confirmed Hamburg, May 3, 2005 – In the first three months of 2005, MPC Münchmeyer Petersen Capital AG, the German MDAX-listed financial service provider, increased its sales by 71% from the previous year”s EUR 33.7 million to EUR 57.7 million. With EUR 254 million in equity placed (2004: EUR 147 million), the Hamburg-based issuing house looks back on a very successful start to fiscal 2005. Earnings before interest and taxes (EBIT) rose by 93% from EUR 8.8 million in Q1 2004 to EUR 17.0 million. At EUR 12.5 million, the Group”s net income for the first three months was up 85% on the previous year”s EUR 6.8 million. Accordingly, earnings per share climbed from EUR 0.64 to EUR 1.18. As of March 31, 2005, the MPC Capital Group employed 202 people (2004: 165). “MPC Capital made an excellent start to the year. However, the results should be viewed in the context of a number of aspects. First, the quarterly results are always highly dependent on product availability. The placement of the German life insurance fund and of two high-volume Canadian funds, for instance, accounted for much of the first quarter and will be completed in the second quarter. At this stage, it is unlikely that successor funds will be launched in either of the two product groups. Second, our business model is largely based on the project business, whose visibility for the third and fourth quarter is limited, especially in the best-selling segment, real estate funds. What is more, closed-end retail investment funds will require a sales permit from the Federal Supervisory Office (BaFin) from July 1, 2005. While we generally welcome this decision, it is currently hard to tell to what extent it will delay the launch of new products in the second half of the year. In view of the available placement volume and the new product ideas that have just been launched in the market, we are nevertheless optimistic that we will reach the upper end of our guidance,” said Dr. Axel Schroeder, CEO of MPC Capital AG. The Management Board projects a placement volume of EUR 750 to 800 million and a net profit of between EUR 30 and 35 million for the full year. A net profit of roughly EUR 35 million would allow the company to pay out a dividend of EUR 3.00 per share for fiscal 2005. Key figures of the first three months in TEUR 31.03.2005 31.03.2004 +/- Sales 57,659 33,725 +71% EBIT 17,009 8,831 +93% net income 12,479 6,751 +85% Earnings per share in EUR 1.18 0.64 +85% Employees 202 165 +22% Equity placed in the first three months Business segment in EURm 31.03.2005 31.03.2004 +/- Real estate funds 73 92 -21% Corporate investmens 97 30 +223% thereof ship investments 93 30 +210% Life insurance funds 71 17 +318% Private equity funds 4 8 -38% Investment funds 8 -1 — TOTAL 254 147 *Potential deviations are due to rounding Since 1994, some 104,000 customers (YE 2004: 97,000) have invested EUR 4.04 billion in 200 funds with a combined investment volume of EUR 10.77 billion. The report for the three-month period ended March 31, 2005 is available for downloading in the Investor Relations section at http://www.mpc-capital.com . Inquiries: Andreas Schwarzwälder Investor Relations MPC Münchmeyer Petersen Capital AG, Palmaille 67, D-22767 Hamburg, Phone: +49 (0)40 / 38022-347, fax: +49 (0)40 / 38022-878, e-mail: ir@mpc-capital.com End of announcement (c)DGAP 03.05.2005 —————————————————————————— WKN: 518760; ISIN: DE0005187603; Index: MDAX Listed: Amtlicher Markt in Frankfurt (Prime Standard) und Hamburg; Freiverkehr in Berlin-Bremen, Düsseldorf, Hannover, München und Stuttgart 030729 Mai 05