MPC Münchmeyer Petersen Capital AG

Earnings Release • Aug 13, 2004

News Details

Corporate | 13 August 2004 08:02

MPC Capital boosts sales and earnings in first half of 2004

Corporate-news announcement sent by DGAP. The sender is solely responsible for the contents of this announcement. ——————————————————————————– MPC Capital boosts sales and earnings in first half of 2004 Full-year expecations and dividend raised Hamburg, August 13, 2004 – MPC Münchmeyer Petersen Capital AG, Hamburg, the MDAX-listed financial services provider, looks back on a highly successful first half of 2004. Sales surged by 162% from EUR 37.8 million in H1 2003 to EUR 99.2 million in the reporting period. At EUR 30.6 million, first-half earnings before interest and taxes (EBIT) were up 216% on the previous year’s EUR 9.7 million. Net profit for the first six months tripled from EUR 7.6 million to EUR 23.1 million (+205%). Accordingly, earnings per share rose from EUR 0.71 to EUR 2.18. As of June 30, 2004, the Hamburg-based issuing house employed 172 people (2003: 143). “We closed the first six months with excellent results. The placement volume of EUR 465 million in equity is the result of a broad, attractive product range in conjunction with continued strong demand, especially for real estate and ship funds,” said Board Chairman Dr. Axel Schroeder. “MPC Capital’s tenth year in business promises to become a really extraordinary year. The course of business in the third quarter and the available product volumes allow us to raise our expectations again.” The Management Board expects a placement volume of EUR 950 million in equity for the full year 2004 (2003: EUR 748 million). Net profit is expected to rise from the previous year’s EUR 33.3 million to EUR 47 million. Earnings per share would thus amount to EUR 4.43 and allow the dividend for 2004 to be raised to EUR 4.00. “By raising our dividend we continue our policy of letting shareholders participate directly in the performance of each fiscal year. The MPC share will thus again be characterised by an attractive dividend yield of currently about 7%,” Dr. Axel Schroeder added. The interim report for the period ended June 30, 2004 is available for downloading at http://www.mpc-capital.com under “Investor Relations”. 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 13.08.2004 ——————————————————————————– WKN: 518760; ISIN: DE0005187603; Index: MDAX Listed: Amtlicher Markt in Frankfurt (Prime Standard) und Hamburg; Freiverkehr in Berlin-Bremen, Düsseldorf, Hannover, München und Stuttgart 130802 Aug 04