DGAP-Adhoc: MPC Capital AG publishes key figures for the first quarter of 2020 and suspends forecast for 2020
DGAP-Ad-hoc: MPC Münchmeyer Petersen Capital AG / Key word(s): Change in Forecast/Quarter Results DISCLOSURE OF INSIDE INFORMATION ACC. TO ARTICLE 17 MAR Hamburg, 11 May 2020 - The Hamburg-based asset and investment manager MPC Capital AG (Deutsche Börse, Scale, ISIN DE000A1DNWJ4) increased its revenues by EUR 1.4 million to EUR 11.4 million in the first quarter of fiscal year 2020. Revenues from Management Services increased from EUR 8.9 million in the previous year to EUR 10.3 million in the first quarter of 2020, which is mainly attributable to the expansion of the shipping business. MPC Capital had expanded its activities in this area with the Harper Petersen joint venture and the investment in Albis Shipping & Transport in the fourth quarter of 2019. At EUR 0.8 million, revenues from Transaction Services were slightly down on the same quarter of the previous year (EUR 0.9 million). Earnings before tax (EBT) amounted to EUR 0.6m after the first three months (previous year: EUR 0.7m). The increased profitability of the services business was offset by lower income from co-investments of MPC Capital AG. Suspension of the 2020 forecast The Company believes that it is well equipped to deal with the COVID 19 crisis in the best possible way. Following the extensive redemption of financial liabilities in the first quarter of 2020, the equity ratio as of March 31, 2020 was around 74.6% (December 31, 2019: 70.9%) and the liquidity position was around EUR 13.8 million (December 31, 2019: EUR 20.6 million). Virtual Annual General Meeting on May 25, 2020 Note: The figures for the first quarter of 2019 have not been audited and have not been subject to an auditor's review.
11-May-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
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 |
EQS News ID: | 1040761 |
End of Announcement | DGAP News Service |
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1040761 11-May-2020 CET/CEST