DGAP-News: MPC Capital publishes Annual Report 2019
DGAP-News: MPC Münchmeyer Petersen Capital AG
/ Key word(s): Annual Results
Press Release MPC Capital publishes Annual Report 2019
The report shows an increase in consolidated revenue of 10 % year on year, to EUR 46.8 million. MPC Capital generated consolidated revenue amounting to EUR 39.2 million from recurring management services in the 2019 financial year (2018: EUR 36.3 million). There was a healthy rise especially in income from technical and commercial ship management in 2019. Revenue from transaction services in the 2019 financial year came to EUR 5.3 million (2018: EUR 6.1 million), originating mainly from the sale of a real estate portfolio in the Netherlands. This exit also had a positive impact on income from equity investments because MPC Capital also held a share of the portfolio through its co-investment strategy. The adjusted earnings before taxes (EBT adjusted) showed a slight improvement from EUR 0.6 million in the previous year to EUR 0.9 million, though the earnings situation in 2019 was eroded by non-recurring expenses in connection with the policy of focusing on business with institutional investors and also by write-downs on financial assets and equity investments. The assets from retail business, in what was formerly the core business area of MPC Capital, declined by a disproportionately high EUR 0.7 billion in 2019. Thanks to the healthy expansion of institutional business, the overall assets under management (AUM) nevertheless increased from EUR 4.3 billion to EUR 4.5 billion. 78 % of the business of MPC Capital AG is therefore now based on assets that are managed on behalf of professional investors, serving to highlight its successful repositioning in the institutional segment. Cost-cutting measures were launched in 2019 in response to the decline in retail business, and the focus on sustainably profitable and high-growth investment strategies was increased. These measures are designed to improve profitability. For 2020, the Management Board expects a slight improvement in EBT. In the Real Estate area MPC Capital's plans for 2020 include especially the further expansion of the logistics and health care areas in the Netherlands, and a transaction rate maintained at a high level. In the Shipping area, MPC Capital laid the foundations in 2019 for further growth in commercial management with the establishment of the joint venture Harper Petersen and the equity investment in Albis Shipping. For 2020, MPC Capital plans to position itself even more broadly in technical management, too. In the Infrastructure area, MPC Capital will focus on swiftly expanding the renewable energy platform in 2020, including examining whether to enter new markets alongside the Caribbean. The need for investment if global climate targets are to be achieved is immense, and MPC Capital is in talks with a number of institutional investors on the development of ESG-compliant investment strategies. 2019 key figures
The Annual Report 2019 will be made available as a download on the Investor Relations pages of the MPC Capital website: www.mpc-capital.com/reports This communication contains future-related statements that are to some degree subject to risks and uncertainties. Future results may deviate considerably from those currently expected due to various risk factors and uncertainties such as changes in the business, economic and competitive situation, exchange rate fluctuations, uncertainties arising from legal disputes or investigative proceedings, and access to financial resources. MPC Capital AG assumes no responsibility whatsoever for updating the future-related statements contained in this communication.
20.02.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
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: | 979293 |
End of News | DGAP News Service |
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979293 20.02.2020