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MPC Münchmeyer Petersen Capital AG
Earnings Release • Sep 17, 2015
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Earnings Release
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Corporate | 17 September 2015 09:05
MPC Capital AG significantly expands business with institutional investors in first half of 2015
DGAP-News: MPC Münchmeyer Petersen Capital AG / Key word(s): Half Year Results
2015-09-17 / 09:05
MPC Capital AG significantly expands business with institutional investors in first half of 2015
Hamburg, 17 September 2015 – MPC Münchmeyer Petersen Capital AG (Deutsche Börse Entry Standard, ISIN DE000A1TNWJ4) has substantially increased its investment and asset management activities for institutional clients in the first half of 2015. Revenues and net profit have risen sharply.
Revenues for the MPC Capital Group increased by 59 % to EUR 25,2million in the first half of 2015 (1st half of 2014: EUR 15,8 million). Whereas the former core business area of retail investment fund management decreased as expected by about 19 % to EUR 10,2million, income from asset management and consultancy services for institutional investors increased significantly from EUR 3,2 million to EUR 14,8 million in the first six months of 2015. Approximately EUR 2.3 million of this amount was attributable to the activities of the shipping company Ahrenkiel Steamship and the chartering company Contchart, in both of which a majority stake was contributed to MPC Capital AG in March 2015 by way of a capital increase for contribution in kind.
There was a significant rise in earnings before interest and taxes (EBIT) from EUR 2,1 million in the prior-year period to EUR 7,9 million in the first half of 2015. Consolidated net profit came to EUR 4,1million compared to EUR 1 million in the previous year. The integration of Ahrenkiel Steamship and Contchart, in conjunction with the positive consolidated net result, had the effect of increasing the equity to EUR 29,5 million as at 30 June 2015 (31 December 2015: EUR 12,6 million). The equity ratio correspondingly rose from 21 % to 34 %, once again significantly improving MPC Capital AG’s leeway for financing further growth.
Positive development in all asset classes
“We succeeded in getting an array of new projects on the road in the first half of 2015, with a view to building a successful future for MPC Capital AG,” commented Ulf Holländer, Chief Executive Officer of MPC Capital AG. “Milestone developments were the integration of the shipping company Ahrenkiel Steamship and of Contchart.” The takeover demonstrates MPC Capital’s goal of extending the value chain in the Shipping sector and extending its market position in the asset class of maritime investments. Ahrenkiel Steamship had previously teamed up with institutional investors in February to acquire eight container ships in the feeder and panamax segment. Other investment opportunities are currently being analysed.
In the Real Estate sector the concept for student housing is taking on firm contours. Together with the Danish investor Sparinvest, MPC Capital acquired three properties in Bonn, Nuremberg and Kaiserslautern in the first half of 2015. Under the brand name of “Staytoo”, carefully planned, budget-oriented housing concepts for young people are developed in the rapidly growing market for “micro living”.
In addition, MPC Capital has finalised a venture in the office property segment with the BECKEN Group under the name of “BMF Real Estate Partners”. The aim of the joint undertaking with the Hamburg real estate specialist is to pool skills and structure regulated investment funds with a focus on German office properties.
In the Infrastructure sector all eyes are currently on Portugal. The first wind turbines of the “Ancora” 170-megawatt project, which was structured by the Ferrostaal Capital joint venture, are already turning and should be connected to the grid shortly. The entire 220 million euro project is scheduled for completion by mid-2016. The joint venture between MPC Capital and Essen-based Ferrostaal GmbH is also involved in highly promising negotiations on high-volume infrastructure projects in Southern Europe and Asia.
Management Board firms up full-year forecast
“Based on the dynamic development in the first half of the year, we are confident of reaching our goals in the near term,” remarked Ulf Holländer. “With a well-filled project pipeline we are well on the way to seeing new institutional business compensate for the downturn in income from our former core business area, and are also generating additional growth.”
In light of the healthy performance in the first half of 2015, the Management Board confirmed its profit expectation for 2015. Backed by a significant increase in revenues the net profit is expected to come in at at least
EUR 5.0 million.
Key Group figures for 1st half of 2015
| 01/01 – 30/06/2015 | 01/01 – 30/06/2014 | |
| Revenue (EUR ‘000) | 25,182 | 15,820 |
| EBIT (EUR ‘000) | 6,757 | 2,098 |
| Consolidated net profit (EUR ‘000) | 4,067 | 996 |
| Employees (number) | 237 | 177 |
| 30/06/2015 | 31/12/2014 | |
| Total assets (EUR ‘000) | 85,984 | 60,484 |
| Equity (EUR ‘000) | 29,492 | 12,621 |
| Equity ratio | 34.3 % | 20.9 % |
About MPC Capital AG
MPC Capital AG is an independent asset and investment manager that has specialised in real asset investments and investment products, as well as their management and administration, in the three core areas Real Estate, Shipping and Infrastructure. Since 1994 MPC Capital AG has launched over 300 investment projects with a total real-asset investment volume of more than EUR 19 billion.
Contact
MPC Capital AG
Stefan Zenker
Head of Investor Relations & Public Relations
Tel. +49 40 38022-4347 
Fax +49 40 38022-4878
e-mail: [email protected]
2015-09-17 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
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| Language: | English |
| Company: | MPC Münchmeyer Petersen Capital AG |
| Palmaille 75 | |
| 22767 Hamburg | |
| Germany | |
| Phone: | +49 (0)40 380 22-0 |
| Fax: | +49 (0)40 380 22-4878 |
| E-mail: | [email protected] |
| Internet: | www.mpc-capital.de |
| ISIN: | DE000A1TNWJ4 |
| WKN: | A1TNWJ |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart; Open Market (Entry Standard) in Frankfurt |
| End of News | DGAP News Service |
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| 395119 2015-09-17 |