euro adhoc: MPC Münchmeyer Petersen Capital AG
Earnings Forecast
MPC Capital
placed more than EUR 1 billion in 2007 and expects growth in 2008
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Company Information
17.01.2008
MPC Capital placed more than EUR 1 billion in 2007 and expects growth in 2008
2007 placement volume reported at EUR 1.06 billion Launch of first product for institutional investors 2008 further growth expected
Hamburg, January 17, 2008 - For the third time in the history of the company MPC Capital AG raised more than EUR 1 billion from investors in 2007. Institutional investors and private investors invested a total of EUR 1,062 million (2006: EUR 1,008 million) in products initiated by the Hamburg-based wealth and asset manager.
The development in 2007 was dominated by the ship segment, with closed-end ship investments attracting by far the largest equity volume of EUR 395 million. In addition, the MPC Global Maritime Opportunities fund was MPC Capital AG´s first ever shipping product for institutional investors. This product was successfully placed in a volatile market environment, syndicating USD 228 million (EUR 158 million) in investment. In the real estate segment, the company launched its innovative and much-noted Indian real estate fund towards the end of the year. Given that a EUR 37 million equity portion was booked as of December 31, 2007 and that the MPC Global Maritime Opportunities is geared to delivering recurring management revenues, both products will unfold their economic impact only in the current fiscal year.
Moving forward into 2008, the Management Board expects to report the highest placement volume in the history of the company. From today´s point of view, placement is to increase to EUR 1,100 million. This optimistic outlook is supported by the contracted product volume especially in the area of ship investments, such innovations as an oil drilling rig (MPC Deepsea Oil Explorer), such new asset classes as the area of renewable energies and the broad range of open-ended and closed-end capital investments. The underlying assets have almost been fully secured and the assets are fully financed without exception.
Based on the targeted EUR 1,100 million placement volume, the management expects reporting EUR 45 million in 2008 net income (EPS EUR 4.25).
MPC Capital AG's figures for fiscal 2007 will be published on February 28, 2008.
Business segment in EUR m 2006 2007 +/- 2008 (e) Real estate funds 234 227 - 3% 250 thereof Real Estate Opportunity 103 151 + 47% 150 Corporate investments 420 558 + 33% -- thereof ship investments 411 553 + 34% 550 Life insurance funds 142 115 - 19% 100 Renewable energies funds - - - 50 Structured products 119 75 - 37% 100 Private equity funds 49 39 - 22 % 30 Investment funds 44 49 + 12 % 20 TOTAL 1,008 1,062 + 5 % 1,100 *Deviations due to rounding of figures. Since 1994, approx. 161,000 customers have invested approx. EUR 6.83 billion in 283 investment vehicles with a total investment volume of over EUR 16,56 billion.
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Further inquiry note:
Andreas Schwarzwälder
Investor Relations
Te. +49 (0)40 3809-224347
ir@mpc-capital.com
Branche: Financial & Business Services
ISIN: DE0005187603
WKN: 518760
Index: SDAX, CDAX, Classic All Share, Prime All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse Hannover / free trade
Börse München / free trade
Börse Hamburg / regulated dealing
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