MPC Capital Releases Nine-Month 2022 Figures and Significantly Raises Full-Year 2022 Guidance

EQS-Ad-hoc: MPC Münchmeyer Petersen Capital AG / Keyword(s): Change in 9-month forecast/figures
MPC Capital Releases Nine-Month 2022 Figures and Significantly Raises Full-Year 2022 Guidance

14-Nov-2022 / 10:33 CET/CEST
Disclosure of privileged information according to. in Article 17 MAR of Regulation (EU) No 596/2014, transmitted by EQS News – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

DISCLOSURE OF INDOOR INFORMATION ACC. TO ARTICLE 17 MARCH

MPC Capital Releases Nine-Month 2022 Figures and Significantly Raises Full-Year 2022 Guidance

– Very positive operational development in the first nine months of 2022
– Annual forecast for EBT adj. increased to approximately €15.0 million
– Sustained interest in real estate investments linked to the energy transition

Hamburg, November 14, 2022 – MPC Münchmeyer Petersen Capital AG (“MPC Capital”, Deutsche Börse Scale, ISIN DE000A1TNWJ4), Hamburg-based asset and investment manager, has increased its consolidated revenue to 27.1 million euros in the first nine months of the 2022 financial year, increasing from 24.6 million euros the previous year. Management fees amounted to €21.2 million (9M 2021: €20.3 million), transaction fees to €5.7 million (9M 2021: €4.1 million euros).

Consolidated profit before tax (EBT) amounted to 28.8 million euros after the first nine months of 2022. Operating EBT adjusted for the proceeds from the sale of the Dutch real estate business (EBT adj.) s amounted to 12.3 million euros. During the same period of the previous year, MPC Capital generated an EBT of 5.1 million euros. The EBT (adjusted) margin has therefore improved significantly, from 21% the previous year to 45% in the first nine months of 2022.

Cash and cash equivalents (cash and bank balances) increased to €57.7 million as of September 30, 2022 (December 31, 2021: €38.5 million). The equity ratio was 82% (31 December 2021: 75%).

Significant increase in earnings forecasts

Despite difficult economic and geopolitical conditions, the positive development of activity in the first half of 2022 continued in the second half above the assumptions on which the initial forecast was based. EBT adj. after nine months was already above the full-year 2022 guidance range, and further earnings contributions are expected for the fourth quarter of 2022.

In this context, the Management Board has decided to significantly increase the EBT adj. guidance for the full year 2022 from the initial range of EUR 8.0 million to EUR 12.0 million to approximately EUR 15.0 million. The consolidated revenue forecast for 2022 remains unchanged.

The positive outlook and increased earnings forecast is primarily due to the continued high earnings contribution from the co-investment portfolio, which includes both steady investment returns and realized exit earnings. In addition, MPC Capital benefits from an ever-growing interest in real estate investments linked to the energy transition. For example, MPC Capital was able to launch long-term investment projects for methanol-powered container ships in the third quarter of 2022. The demand for renewable energy projects also remains high.

Substantial dividend growth expected

The Management Board intends to pay approximately half of the Group’s net profit after tax and minority interests, adjusted for the proceeds from the sale of the Dutch real estate business, to shareholders as a dividend. This would represent a significant increase compared to the dividend for the 2021 financial year. The Management Board will propose the exact amount of the dividend when presenting the 2022 consolidated accounts in the spring of 2023.

Note: Figures for the third quarter and first nine months of 2022 have not been audited or revised.

This release contains forward-looking statements that are subject to certain risks and uncertainties. Future results could differ materially from those currently anticipated due to various risk factors and uncertainties, including, among others, changes in business, economic and competitive conditions, exchange rate fluctuations, uncertainties in litigation or investigative procedures and availability of funding. MPC Capital AG assumes no responsibility for updating the forward-looking statements contained in this release.

Contact person and discloser in accordance with article 17 of MAR

MPC Capital SA
Stefan Zenker
Head of Investor Relations and Public Relations
Such. +49 40 38022-4347
Email: [email protected]

About MPC Capital AG (www.mpc-capital.com)

MPC Capital is a global asset and investment manager for real estate assets in the areas of real estate, renewable energy and maritime transport. Its range of services includes the selection, initiation, development and structuring of investments, through active management to divestment. With approximately 170 employees and over 25 years of experience, MPC Capital offers institutional investors access to investments in selected markets with attractive growth and return opportunities. As a responsible and family-owned company, listed on the stock exchange since 2000, MPC Capital contributes to meeting the financing needs to achieve the global climate objectives.

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