Investor Relations|News
    12.05.2010
    MPC Capital AG positive result in Q1 2010
    • Consolidated profit of EUR 1.9 m
    • Placement volume at EUR 48.9m
    • Solid financing base
    • EUR 24.2m from successful capital increase

    Hamburg, May 12, 2010 - MPC Capital AG, Germany's leading independent issuing house, reported a consolidated profit of EUR 1.9 million for the first quarter of 2010.

    "The increase in placement figures and our consolidated profit clearly show that the market is beginning to recover," Dr. Axel Schroeder, CEO MPC Capital AG, commented on the first-quarter results.

    In the first three months of 2010, MPC Capital AG impressively boosted its placement volume to EUR 48.9 million on sales revenues of approx. EUR 12.4 million. Apart from the positive new business trend, recurrent sales from fund and asset management also contributed to the first-quarter profit. Thanks to the successful and consistent implementation of the cost-cutting programme and the organisational changes, operating costs were reduced by about one third as compared to the first quarter of the previous year. This resulted in positive earnings before interest and taxes (EBIT) of EUR 0.8 million. Overall profit for the period came in at EUR 1.9 million (Q1 2009: EUR -24.4 million).

    MPC Capital also successfully implemented important strategic milestones in the first three months of 2010. The agreement signed between MPC Capital and its financing partners on March 26, 2010 secures the company's funding base until 2013. At the same time, the shareholders demonstrated their confidence in the company and issued EUR 24.2 million in MPC Capital AG in the context of the mid-April 2010 capital increase. The proceeds from the issue will additionally strengthen the company's equity capital.

    "In the first quarter of 2010 we have achieved important strategic goals for our company", said Dr. Schroeder "and we are convinced that this puts MPC Capital AG in an excellent position to stay at the forefront of the market recovery."



    The report on the three-month period ended March 31, 2010 is available in the Investor Relations section of our website at www.mpc-capital.com/ir.

    Inquiries:
    Till Gießmann
    Investor Relations
    Phone: +49 40/380 22-4347
    Fax: +49 40/380 22-4878
    E-mail: ir@mpc-capital.com
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