30.08.2018
MPC Münchmeyer Petersen Capital AG DE000A1TNWJ4
DGAP-News: MPC Capital AG publishes 2018 First Half Report
DGAP-News: MPC Münchmeyer Petersen Capital AG / Key word(s): Half Year
Results
MPC Capital AG publishes 2018 First Half Report
30.08.2018 / 08:00
The issuer is solely responsible for the content of this announcement.
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MPC Capital AG publishes 2018 First Half Report
- Operational development in line with expectations
- Revenue slightly below prior-year level
- Dynamic second half expected
Hamburg, 30 August 2018 - MPC Capital AG (Deutsche Börse Scale, ISIN
DE000A1TNWJ4), an international real asset and investment manager, today
publishes its 2018 Interim Financial Report. It reveals that operating
business developed in line with the management's expectations.
Revenue slightly down and EBT slightly up on previous year
Revenue for the MPC Capital Group came to EUR 19.7 million in the first half
of 2018 (H1 2017: EUR 22.7 million). Both management fees - because of high
non-recurring effects in the previous year - and transaction fees - as a
result of lower transaction activity in the first half of 2018 - showed
decreases compared with the prior-year figures.
Aided by higher other operating income from accounting profits from asset
sales and the reversal of write-downs on receivables, earnings before taxes
(EBT) for the first half of 2018 reached EUR 3.8 million, around 10 % up on
the H1 2017 level (EUR 3.5 million). Consolidated net profit for the first
half of 2018 came to EUR 2.8 million. The prior-year result of EUR 3.9
million was dominated by a non-recurring positive tax effect.
Assets under management rise to EUR 5.2 billion
Overall, MPC Capital was able to onboard new assets to the value of around
EUR 0.6 billion in the first half. On the other side of the equation, there
were asset sales and disposals. On balance, MPC Capital saw a slight
increase in assets under management (AUM) to EUR 5.2 billion. For the first
time over half of this amount is attributable to business with institutional
investors.
Funds from capital increase largely invested
MPC Capital has already largely invested the funds from the capital increase
for cash placed at the start of March through its co-investment strategy, in
such projects as the "Bajes Kwartier" housing project in Amsterdam, the MPC
Caribbean Clean Energy Fund for renewable energies in the Caribbean and the
feeder specialist MPC Container Ships in Oslo. Financial assets have
consequently risen substantially to EUR 78.2 million (31 December 2017: EUR
54.5 million). The cash position as at 30 June 2018 was a comfortable EUR
28.9 million (31 December 2017: EUR 28.9 million). There was a further rise
in the equity ratio from 75.5 % to 81.4 %. Based on a solid balance sheet
and a well-filled asset pipeline, MPC Capital regards itself as well
equipped for further growth.
Forecast for 2018 full year reasserted
For the second half of 2018, the Management Board expects a marked rise in
revenue from management and transaction activity. A further rise in the
revenue level is expected particularly in the Shipping area, as a result of
the expansion of the MPC Container Ships fleet and a number of individual
projects.
Income for the Real Estate and Infrastructure segments is equally expected
to rise further, based on the first half's high level of investing activity.
In the micro-living area, new development and portfolio projects in Germany
and on the Iberian Peninsula are currently being analysed. The Dutch team,
whose tasks include the development of the "Bajes Kwartier", is also working
intensively to expand the strategies already in place for office, retail and
logistics/light industrials. The team at MPC Renewable Energies GmbH is
examining the inclusion of further wind farms and solar projects in the MPC
Caribbean Clean Energy Fund. The priority in the industrial opportunities
arena is to structure the financing of high-volume industrial opportunities.
For 2018 overall, MPC Capital stands by its expectation of consolidated
revenue growth of at least 10 % and a disproportional growth in EBT.
Key Group figures for H1 2018
01/01 - 01/01 -
30/06/2018 30/06/2017
Revenue 19,690 22,706
of which from management 16,780 18,697
services
of which from transaction 2,730 3,803
services
Other operating income 9,391 3,972
Earnings before taxes (EBT) 3,807 3,456
Consolidated net profit 2,807 3,860
Employees (average) 270 239
30/06/2018 31/12/2017
Assets under management (EUR 5.2 5.1
billion)
Total assets 159,752 135,478
Financial assets 78,177 54,486
Liquid funds* 28,874 28,873
Equity 130,012 102,240
Equity ratio (%) 81.4 % 75.5 %
*Cash in hand and bank balances; unless otherwise stated, all figures in
thousand euros
About MPC Capital AG ( www.mpc-capital.de)
MPC Capital AG is an internationally active asset and investment manager
specialising in real asset investments. Together with its subsidiaries, the
company develops and manages investment products for international
institutional investors, family offices and professional investors. Its
focus is on the asset categories Real Estate, Shipping and Infrastructure.
MPC Capital AG has been quoted on the stock exchange since 2000 and has
around 270 employees group-wide.
Contact
MPC Capital AG
Stefan Zenker
Head of Investor Relations & Public Relations
Tel. +49 40 38022-4347 [IMAGE]
e-mail: [email protected]
This communication contains future-related statements that are to some
degree subject to risks and uncertainties. Future results may deviate
considerably from those currently expected due to various risk factors and
uncertainties such as changes in the business, economic and competitive
situation, exchange rate fluctuations, uncertainties arising from legal
disputes or investigative proceedings, and access to financial resources.
MPC Capital AG assumes no responsibility whatsoever for updating the
future-related statements contained in this communication.
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30.08.2018 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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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
Indices: Scale 30
Listed: Regulated Unofficial Market in Berlin, Dusseldorf,
Frankfurt (Scale), Hamburg, Hanover, Munich, Stuttgart,
Tradegate Exchange
End of News DGAP News Service
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718983 30.08.2018
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