MPC Capital subsidiary acquires six premium office buildings

4 February 2016

  • Revenue climbs 38 % to EUR 47.8 million
  • Earnings before tax (EBT) grows 85% to EUR 11.4 million
  • Expansion of Real Estate and Infrastructure asset classes targeted

Hamburg, 8 February 2016 - The Hamburg based asset and investment manager MPC Capital AG (Deutsche Börse Entry Standard, ISIN DE000A1TNWJ4) achieved healthy revenue and earnings growth in the past financial year of 2015. Overall, revenue increased by 38 % from EUR 34.5 million in the previous year to EUR 47.8 million. The steep growth was substantially driven by a number of large transactions in the Real Estate sector as well as by the integration of the ship manager Ahrenkiel Steamship, which contributed to a sharp expansion in the maritime services provided by MPC Capital AG.

Earnings before tax (EBT) for the MPC Capital Group climbed by 85 % from EUR 6.2 million in the previous year to EUR 11.4 million. Consolidated earnings for 2015 reached EUR 7.5 million (2014: EUR 4.2 million). The positive result, the integration of Ahrenkiel Steamship and the repayment of all bank loans taken out during the restructuring phase moreover produced a noticeable improvement in balance sheet quality: The equity ratio doubled from 21 % in the previous year to 42 % at the 2015 reporting date.

MPC Capital considers there to be additional growth potential particularly in the Real Estate and Infrastructure asset categories. To align investor interests with those of the asset and investment manager, MPC Capital intends, in consultation with the investors, to invest up to 10 % of the equity of each investment project in the form of a co-investment. By this MPC Capital participates additionally in the increase in value of projects.

Based on a well-stocked project pipeline and attractive co-investment opportunities, MPC Capital is currently examining a variety of scenarios and options for financing further growth. This includes the reactivation of the company's stock market activities. Therefor the company plans to intensify its marketing activities and capital markets profile.

Note: The full Annual Report 2015 of MPC Capital AG is expected to be published on 14 March 2016.