MPC Münchmeyer Petersen Capital AG

Earnings Release • Feb 28, 2003

News Details

Corporate | 28 February 2003 08:00

MPC AG english

MPC Capital AG preliminary results for the financial year 2002 Corporate-news announcement sent by DGAP. The sender is solely responsible for the contents of this announcement. ——————————————————————————– MPC Capital AG preliminary results for the financial year 2002 MPC Capital AG’s sales up 10% to EUR 85.2 million Group net profit for the year increases to EUR 14.1 million Hamburg, February 28, 2003 – In fiscal 2002, MPC Capital AG, the SDAX-listed financial service provider, generated sales of EUR 85.2 million – a 10% increase on the previous year (EUR 77.6 million). Earnings before interest and taxes (EBIT) also increased slightly compared to the previous year (from EUR 17.1 million in 2001 to EUR 17.4 million in 2002), as did the group net profit for the year, which rose from EUR 14.0 million in 2001 to EUR 14.1 million. Earnings per share amount for 1.33 Euro. “In spite of the difficult political climate in the important fourth quarter, we were able to further increase our sales . Due to investments in the development of new products such as the life insurance fund and the Best Select asset structure fund and an increase of our headcount from 116 to 137 employees, the profit for the year did not increase at the same rate as our sales. Both measures are preconditions for future growth,” explained Dr. Axel Schroeder, Board Chairman of MPC Capital AG. Demand for asset-backed investment concepts remained high in 2002. Accordingly, Dutch, Canadian and US closed-end real estate funds were the company’s most suc- cessful product group. MPC Capital AG’s real estate funds accounted for EUR 215 million of the total equity placed (EUR 383 million). Since 1994, some 45,000 customers have invested over EUR 1.9 billion in 158 funds with a total investment volume of EUR 5.1 billion. Inquiries: Andreas Schwarzwälder Investor Relations Phone: +49 (0)40 / 38022-347, Fax: +49 (0)40 / 38022-878, e-mail: ir@mpc-capital.com end of message, (c)DGAP 28.02.2003 ——————————————————————————– WKN: 518 760; ISIN: DE0005187603; Index: SDAX Listed: Amtlicher Markt in Frankfurt (Prime Standard) und Hamburg; Freiverkehr in Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 280800 Feb 03