MPC Capital AG

euro adhoc: MPC Münchmeyer Petersen Capital AG
Earnings Forecast
MPC Capital adjusts profit forecast in light of the guidance published by HCI Capital

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Company Information

11.08.2008

Hamburg, August 11th, 2008

MPC Capital adjusts profit forecast in light of the guidance published by HCI Capital

MPC Capital AG has adjusted its profit forecast for the current financial year in light of the guidance published by HCI Capital. Based on HCI Capital's adjusted profit forecast, MPC Capital now expects group net income for the year to amount to EUR 38 million to EUR 40 million.

MPC Capital holds a 40.8% investment in HCI Capital AG and this stake has been consolidated at equity since May of this year. This means that HCI Capital's reduction in net income from a profit of EUR 33 million to a "break even" result in 2008 directly impacts MPC Capital's results. MPC Capital's Management Board now projects a consolidated group net income in the range of EUR 38 million to EUR 40 million.

HCI Capital's adjusted result does not warrant a revaluation of MPC Capital's balance sheet, given that HCI Capital's profitability is expected to be fully restored.

MPC Capital has confirmed its operating forecast according to which equity of EUR 1.1 billion will be placed in the current financial year.

end of announcement                               euro adhoc
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Further inquiry note:

MPC Capital AG                         
Andreas Schwarzwälder
Tel. +49 40 / 380 22-4347
Fax +49 40 / 380 22-4878
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
Original-Content von: MPC Capital AG, übermittelt durch news aktuell

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