23.11.2016
MPC Münchmeyer Petersen Capital AG DE000A1TNWJ4
DGAP-News: MPC Capital continues growth path in third quarter
DGAP-News: MPC Münchmeyer Petersen Capital AG / Key word(s): 9-month figures
MPC Capital continues growth path in third quarter
23.11.2016 / 08:59
The issuer is solely responsible for the content of this announcement.
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MPC Capital continues growth path in third quarter
- EBT for the first nine months of 2016 up 13 % at EUR 11.2 million
- Transaction fees pick up in second half of 2016
- Full-year forecast for 2016 confirmed
Hamburg, 23 November2016 - MPC Capital AG, an asset and investment manager
specialising in real assets, continues its growth path in the third quarter
of the 2016 financial year. Revenue for the third quarter of 2016 reached
EUR 14.5 million, compared to EUR 11.2 million for the third quarter of
2015 (+29 %). Earnings before tax (EBT) came to EUR 3.8 million, up from
EUR 2.0 million in the prior-year quarter.
After the first nine months 2016, revenue was EUR 37.4 million (9M 2015:
EUR 36.4 million). Management fees increased by 18 % to EUR 28.3 million,
while transaction fees of EUR 9.0 million fell short of the figure for the
first nine months of the previous year (EUR 11.9 million) despite the high
level of transactions in the third quarter. However further transaction
fees running comfortably into seven digits are anticipated for the fourth
quarter. EBT for the first nine months of 2016 was increased to EUR 11.2
million (9M 2015: EUR 9.9 million).
Thanks to the cash capital increase in September, MPC Capital AG raised EUR
36.5 million in fresh liquidity, which is available for financing future
growth - e.g. through co-investments. The equity ratio rose to 69 % as at
30 September 2016.
Expansion of strategies in Real Estate sector
Early September the Dutch subsidiary of MPC Capital AG, Cairn Real Estate
("Cairn"), further expanded its portfolio. With the realization of two
high-volume projects in the Dutch and German commercial real estate
markets, Cairn is increasing its assets under management by almost EUR 100
million. MPC Capital co-invested in both transactions.
In the micro-living segment, the first Staytoo apartments in Nuremberg and
Bonn opened its doors in time for the start of the winter semester. In
parallel, MPC Capital is working on rolling out its micro-living strategy
in other European countries. Initial discussions with regional partners in
southern Europe have already been initiated.
High transaction fees in Shipping segment
In the Shipping segment MPC Maritime Investments GmbH, a subsidiary of MPC
Capital AG, arranged the sale of a portfolio of eight container vessels for
a price of around USD 398 million. Three of the eight fully containerised
vessels each with a slot capacity of around 8,500 standard containers (TEU)
had been handed over to their new owners by the reporting date of 30
September. A portion of the transaction fees was therefore already realised
in the third quarter. The remaining vessels were handed over in October.
Infrastructure projects gain momentum
In the Infrastructure segment, the 170 MW ANCORA wind farm project in
Portugal was completed and connected to the grid on schedule. MPC Capital's
infrastructure team is additionally working on structuring various projects
in emerging markets.
Forecast confirmed
Due to the promising business progress, the Management Board reiterates its
forecast of a 10 percent rise in revenue for the 2016 financial year and
disproportionately higher earnings growth (EBT).
Note: the figures for the third quarter and first nine months of 2016 are
unaudited and have not been subjected to any accounting review.
About MPC Capital AG (www.mpc-capital.com)
MPC Capital AG is an independent asset and investment manager for real
asset investments. Together with its subsidiaries, the company develops and
manages real asset investments and 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 240 employees group-wide.
Contact
MPC Capital AG
Stefan Zenker
Head of Investor Relations & Public Relations
Tel. +49 40 38022-4347
e-mail: [email protected]
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23.11.2016 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
Listed: Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange;
Open Market (Entry Standard) in Frankfurt
End of News DGAP News Service
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