MPC Münchmeyer Petersen Capital AG

Earnings Release • Nov 14, 2003

News Details

Corporate | 14 November 2003 08:01

MPC AG english

MPC Capital AG – Report on the period ended September 30, 2003 Corporate-news announcement sent by DGAP. The sender is solely responsible for the contents of this announcement. ——————————————————————————– MPC Capital AG – Report on the period ended September 30, 2003 MPC Capital improves sales and earnings by more than 50% Results in the first nine months of 2003 already exceed the full year 2002 figures Hamburg, November 14, 2003 – In the first nine months of 2003, SDAX-listed financial service provider MPC Münchmeyer Petersen Capital AG generated sales of EUR 81.3 million, which represents a 52% increase over the previous year’s EUR 53.6 million. Earnings before interest and taxes (EBIT) were up 81% from EUR 10.9 million to EUR 19.7 million. Net profit in the first nine months of 2003 rose by 65% from EUR 9.4 million to EUR 15.5 million. As a result, earnings per share improved from EUR 0.89 to EUR 1.46. On September 30, 2003, the Hamburg- based MPC Capital Group employed 152 people (2002: 139). “After an excellent third quarter, our 9-month figures already exceed the figures for the full year 2002. The continued high demand for attractive capital investments and the very successful placement start of our Austria fund enabled us to repeatedly raise our expectations for the full fiscal year 2003. Our full-year sales will increase by 50% from EUR 85.2 million to EUR 128 million and our net profit for the year will surge by 77% to EUR 25 million (2002: EUR 14.1 million). A dividend of at least EUR 2.00 per share will ensure that our shareholders also benefit from this record year,” explained Board Chairman, Dr. Axel Schroeder. The largest bank-independent provider of closed-end funds expects to place a total equity volume of EUR 640 million in 2003. In view of an equity volume of over EUR 400 million already secured for 2004, the company is well positioned to continue on this successful course. The nine-month report on the period ended September 30, 2003 is available 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 message, (c)DGAP 14.11.2003 ——————————————————————————– WKN: 518 760; ISIN: DE0005187603; Index: SDAX Listed: Amtlicher Markt in Frankfurt (Prime Standard) und Hamburg; Freiverkehr in Berlin-Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 140801 Nov 03