Ad-hoc | 3 November 2003 09:32
MPC AG
english
MPC Capital AG
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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MPC Capital once more raises full-year expectations based on preliminary Q3
figures and successful launch of Austria fund
Hamburg, November 3, 2003 – According to preliminary figures, MPC Münchmeyer
Petersen Capital AG, the SDAX-listed financial service provider, will report a
net profit of approx. EUR 15,5 million for the first nine months of 2003. This
result would not only be up 65% on the first nine months of 2002 (EUR 9.4
million) but even exceed the previous year’s full-year profit (EUR 14.1
million). As of September 30, 2003, sales amounted to approx. EUR 81 million
(2002: EUR 53.6 million).
Following the successful launch of the largest fund initiated to date, the first
Austrian closed-end real estate fund with an equity volume of EUR 146.5
million, the Managing Board expects the fund to be almost fully syndicated in
the current fiscal year and has once more raised its expectations for 2003.
Full-year sales are now expected to total EUR 128 million (formerly EUR 112
million), up 50% on the previous year’s EUR 85.2 million. Projected to reach EUR
25 million (formerly EUR 18 million), net profit will be up 77% on the previous
year’s EUR 14.1 million. As a result, earnings per share would increase from
EUR 1.33 to EUR 2.36 (formerly EUR 1.70). The largest bank independent provider
of closed-end funds expects to syndicate equity totalling EUR 640 million in
full 2003 (formerly EUR 520 million), up 67% on the previous year’s EUR 384
million.
end of ad-hoc-announcement (c)DGAP 03.11.2003
Issuer’s information/explanatory remarks concerning this ad-hoc-announcement:
“Following the successful syndication of closed-end real estate funds, ship
investments and life insurance funds in the third quarter, the strong demand for
attractive high-yield capital investments continues unabated. Institutional
sales partners’ great interest in our first Austria fund will – contrary to our
earlier expectations – enable us to syndicate the fund almost fully before the
end of the year, allowing us to raise our projections once more. As earnings per
share are expected to amount to EUR 2.36 we will be able to continue our
favourable dividend policy and pay a dividend of at least EUR 2.00 to our
shareholders,” said Board Chairman Dr. Axel Schroeder.
The full report for the period ended September 30, 2003 will be published on
November 14, 2003.
Inquiries:
Andreas Schwarzwälder
Investor Relations
Phone: +49 (0)40 / 38022-347, Fax: +49 (0)40 / 38022-878,
e-mail: ir@mpc-capital.com
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WKN: 518 760; ISIN: DE0005187603; Index: SDAX
Listed: Amtlicher Markt in Frankfurt (Prime Standard) und Hamburg; Freiverkehr
in Berlin-Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart
030932 Nov 03