MPC Münchmeyer Petersen Capital AG

Earnings Release • Nov 12, 2004

News Details

Ad-hoc | 12 November 2004 08:01

MPC Capital AG – 9-month results including new guidance

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– MPC Capital AG – 9-month results including new guidance MPC Capital continues successful performance in third quarter 2004 Placement volume to reach EUR 1 billion for the first time at the end of the year Hamburg, November 12, 2004 – MPC Münchmeyer Petersen Capital AG, the Hamburg- based financial service provider, generated sales of EUR 184.7 million in the first nine months of 2004, up 127% on the previous year’s EUR 81.3 million. Earnings before interest and taxes (EBIT) surged by 192% from EUR 19.7 million to EUR 57.5 million in the first nine months of the year, while the net profit for the nine-month period reached EUR 42.8 million, up 176% on the previous year’s EUR 15.5 million. Accordingly, earnings per share improved from EUR 1.46 to EUR 4.04. As of September 30, 2004, the Hamburg-based issuing house employed 190 people (2003: 152). In view of the successful course of business in the first nine months and the product volume available in the fourth quarter, the Management Board has raised its equity placement projections for 2004 from EUR 950 million to EUR 1 billion (2003: EUR 748 million). The Management Board is very confident that equity placements will surpass this milestone for the first time in the company’s 10-year history. Due to the products currently in the placement phase, the Board sees sufficient margin for the equity volume now projected to be exceeded by 5%. On the basis of a placement volume of EUR 1 billion, net profit for the year will rise to EUR 50 million (2003: EUR 33.3 million), resulting in earnings per share of EUR 4.72. The Management Board has reiterated its intention to propose a dividend of EUR 4.00 (previous year: EUR 3.00 ) for fiscal 2004. The interim report for the nine-month period ended September 30, 2004 is available for downloading at the Investor Relations section at http://www.mpc-capital.com . end of ad-hoc-announcement (c)DGAP 12.11.2004 Issuer’s information/explanatory remarks concerning this ad-hoc-announcement: “A placement volume of EUR 866 million means that we have already clearly exceeded the result of the full previous year after only nine months. This year, our customers will for the first time invest EUR 1 billion in MPC Capital products. This is an impressive proof of their confidence and an important milestone in the 10-year history of our company,” said Management Board Chairman Dr. Axel Schroeder. “We are already busy securing attractive investment objects for the year 2005, so that we will again offer our customers first-class capital investment. Our forecast for fiscal 2005 will be announced on the occasion of the presentation of the preliminary 2004 figures on February 28, 2005,” Dr. Axel Schroeder added. Between 1994 and September 30, 2004, the company has launched a total of 187 funds. Some 90,000 customers have invested EUR 3.6 billion in the company’s capital investment concepts, representing a total investment volume of EUR 9.7 billion. 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 ——————————————————————————– WKN: 518760; ISIN: DE0005187603; Index: MDAX Listed: Amtlicher Markt in Frankfurt (Prime Standard) und Hamburg; Freiverkehr in Berlin-Bremen, Düsseldorf, Hannover, München und Stuttgart 120801 Nov 04