MPC Münchmeyer Petersen Capital AG

Earnings Release • Nov 3, 2003

News Details

Ad-hoc | 3 November 2003 09:32

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MPC Capital AG Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– MPC Capital once more raises full-year expectations based on preliminary Q3 figures and successful launch of Austria fund Hamburg, November 3, 2003 – According to preliminary figures, MPC Münchmeyer Petersen Capital AG, the SDAX-listed financial service provider, will report a net profit of approx. EUR 15,5 million for the first nine months of 2003. This result would not only be up 65% on the first nine months of 2002 (EUR 9.4 million) but even exceed the previous year’s full-year profit (EUR 14.1 million). As of September 30, 2003, sales amounted to approx. EUR 81 million (2002: EUR 53.6 million). Following the successful launch of the largest fund initiated to date, the first Austrian closed-end real estate fund with an equity volume of EUR 146.5 million, the Managing Board expects the fund to be almost fully syndicated in the current fiscal year and has once more raised its expectations for 2003. Full-year sales are now expected to total EUR 128 million (formerly EUR 112 million), up 50% on the previous year’s EUR 85.2 million. Projected to reach EUR 25 million (formerly EUR 18 million), net profit will be up 77% on the previous year’s EUR 14.1 million. As a result, earnings per share would increase from EUR 1.33 to EUR 2.36 (formerly EUR 1.70). The largest bank independent provider of closed-end funds expects to syndicate equity totalling EUR 640 million in full 2003 (formerly EUR 520 million), up 67% on the previous year’s EUR 384 million. end of ad-hoc-announcement (c)DGAP 03.11.2003 Issuer’s information/explanatory remarks concerning this ad-hoc-announcement: “Following the successful syndication of closed-end real estate funds, ship investments and life insurance funds in the third quarter, the strong demand for attractive high-yield capital investments continues unabated. Institutional sales partners’ great interest in our first Austria fund will – contrary to our earlier expectations – enable us to syndicate the fund almost fully before the end of the year, allowing us to raise our projections once more. As earnings per share are expected to amount to EUR 2.36 we will be able to continue our favourable dividend policy and pay a dividend of at least EUR 2.00 to our shareholders,” said Board Chairman Dr. Axel Schroeder. The full report for the period ended September 30, 2003 will be published on November 14, 2003. Inquiries: Andreas Schwarzwälder Investor Relations Phone: +49 (0)40 / 38022-347, Fax: +49 (0)40 / 38022-878, e-mail: ir@mpc-capital.com ——————————————————————————– 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 030932 Nov 03