MPC Münchmeyer Petersen Capital AG

Earnings Release • Aug 15, 2003

News Details

Corporate | 15 August 2003 08:00

MPC AG english

MPC Capital AG – Half Year Figures 2003 Corporate-news announcement sent by DGAP. The sender is solely responsible for the contents of this announcement. ——————————————————————————– MPC Capital reports higher sales and earnings in the first half of 2003 Net profit up 12% to EUR 7.6 million Hamburg, August 15, 2003 – In the first six months of 2003, MPC Münchmeyer Petersen Capital AG, the SDAX-listed financial services provider based in Hamburg, increased its sales by 8% to EUR 37.8 million, compared to EUR 34.9 million in the same period of the previous year. Earnings before interest and taxes (EBIT) were up 33% from EUR 7.2 million last year to EUR 9.7 million. Net profit rose 12% from EUR 6.7 million to EUR 7.6 million. As a result, earnings per share improved from EUR 0.63 to EUR 0.71. As of June 30, 2003, Germany’s largest bank independent provider of closed-end funds employed 143 people (2002: 137 people). “After a first quarter characterized by our development of new fund products, the momentum and speed of fund placement increased towards the end of the second quarter, reaching a level normally only experienced in the last months of the year. Investors focused in particular on real estate funds and life insurance funds. Moreover, we will continue to diversify our range of foreign real estate funds. Apart from properties in Germany, the Netherlands, Portugal, the USA and Canada, we will offer the first MPC Real Estate Fund comprising a property in Austria, namely the recently acquired “Millennium City” in Vienna, in the second half of the year,” said Board Chairman Dr. Axel Schroeder. The product pipeline for the second half of the fiscal year has laid the foundations for reaching the planned equity placement volume of EUR 420 million (2002: EUR 383.7 million). The Managing Board therefore confirmed its forecast for full fiscal 2003 according to which sales and net profit are expected to increase to EUR 90 million and EUR 15 million, respectively. The six-month report on the period ended June 30, 2003 is available in the “Investor Relations” section at 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 15.08.2003 ——————————————————————————– 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 150800 Aug 03