Corporate | 1 August 2007 07:29
MPC Münchmeyer Petersen Capital AG / Half Year Results Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- MPC Capital AG reports continued placement activity for H1 2007 - Sales slightly up on previous year - Net profit climbs 22% - More concrete guidance for 2007 Hamburg, August 1, 2007 – MPC Münchmeyer Petersen Capital AG, the SDAX-listed asset manager, maintained the level of placements of the first three months also in the second quarter thanks to ongoing product availability. Between April and June 2007, the company raised EUR 225 million in equity (Q1: EUR 228 million). At EUR 453 million, equity placed from January to June 2007 was down 8% on the same period of the previous year (EUR 493 million), which was attributable to the excellent second quarter of 2006. First-half sales were up 2% on the previous year’s EUR 91.7 million to EUR 93.5 million. Earnings before interest and tax (EBIT) climbed 19% from EUR 21.9 million to EUR 26.0 million. At EUR 20.3 million consolidated net profit for the period after minority interests was up 22% on the previous year‘s EUR 16.6 million. This is equivalent to earnings per share of EUR 1.92 (EUR 1.57 in the previous year). In the first six months of 2007, the MPC Capital Group employed an average of 298 people (previous year: 252). The Management Board has issued more concrete guidance for the current fiscal year. In view of the high product availability for the second half of the year, especially for ship investments, life insurance funds and opportunity funds, and the ongoing good demand for attractive capital investments, the Management Board projects a placement volume of up to EUR 1.1 billion for the current fiscal year (formerly EUR 920 million to EUR 1.14 billion). Accordingly, the Management Board expects a net income of up to EUR 45 million (formerly approx. EUR 40 million). The Board intends to maintain its shareholder-friendly dividend policy. 'Besides continued placement activity, MPC Capital has initiated a number of important steps for the future. We have refined existing product lines, launched new product ideas such as an exploration oil drilling rig and prepared the entry into investments for institutional investors. While these activities will not take full effect on our operations before 2008, investors can expect our large product portfolio to generate stable margins and a very good result at the upper end of our guidance already in 2007. Thanks to our shareholder-friendly dividend policy, our shareholders will get a direct benefit,' said Dr. Axel Schroeder, CEO of MPC Capital AG. The first half at a glanceIn TEUR 1.1.–30.06.07 1.1.–30.00.06+/- Sales 93,481 91,719 + 2% EBIT 26,006 21,875 + 19% Consolidated net profit for the periodafter 20,300 16,593 + 22% minority interests Earnings per share in EUR 1.92 1.57 + 22% Employees (average) 298 252 + 18%Placed capital in the first halfBusiness segment in EUR m* 1.1.–30.06.07 1.1.–30.06.06 +/– Real estate funds 125 134 – 7% thereof Real Estate Opportunity 92 60 + 53% Corporate investments 202 202 +/- 0% Thereof ship investments 197 193 + 2% Life insurance funds 49 62 – 21% Structured products 39 74 – 47% Private equity funds 12 18 – 33% Investment funds 25 2 + 1,150% TOTAL 453 493 – 8%*Deviations due to rounding of figures. Since 1994, 155,000 customers (YE 2006: 140,000) have invested EUR 6.22 billion in 272 funds representing a total investment volume of EUR 15.53 billion. The interim report on the six-month period ended June 30,2007 is available for download in the Investor Relations section at www.mpc-capital.com. Inquiries: Andreas Schwarzwälder Investor Relations Telefon: +49 40/380 22-4347 Fax: +49 40/380 22-4878, E-Mail: ir@mpc-capital.com DGAP 01.08.2007 ---------------------------------------------------------------------- Language: English Issuer: MPC Münchmeyer Petersen Capital AG Palmaille 67 22767 Hamburg Deutschland Phone: +49 (0)40 380 22 4347 Fax: +49 (0)40 380 22 4878 E-mail: ir@mpc-capital.com Internet: www.mpc-capital.com ISIN: DE0005187603 WKN: 518760 Indices: S-DAX Listed: Amtlicher Markt in Frankfurt (Prime Standard), Hamburg; Freiverkehr in Berlin, Hannover, Düsseldorf, München, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------