MPC Capital reports significant profit improvement for 2016
02 Feb 2017
Revenue rose by 13% to EUR 53.8 million
Growth of Earnings before tax (EBT) by 38% to EUR 15.7 million
EUR 1.0 billion in new assets contracted in 2016
Hamburg, 2 February 2016 - The Hamburg-based asset and investment manager MPC Capital AG (Deutsche Börse Entry Standard, ISIN DE000A1TNWJ4) successfully continued on its growth path. Preliminary figures confirm, growth in revenues by 13% from EUR 47.8 million to EUR 53.8 million year on year. Fees from management services climbed by 15% to EUR 40.2 million (2015: EUR 35.1 million). Transaction fees generated from the acquisition and sale of assets with EUR 12.8 million were slightly up over the previous year (EUR 12.1 million).
Earnings before tax (EBT) for the MPC Capital Group climbed by 38% from EUR 11.4 million in the previous year to EUR 15.7 million. Net profit for 2016 reached EUR 10.2 million (2015: EUR 7.5 million). The positive result as well as the successful placement of two capital increases for cash in the 2016 financial year further strengthened the balance sheet: the equity ratio improved from 42% in the previous year to 70% as at 31 December 2016.
The assets under management (AUM) of the MPC Capital Group as at 31 December 2016 totalled EUR 5.1 billion (31 December 2015: EUR 5.5 billion). Around EUR 1.0 billion in new assets were added to the managed portfolio in 2016. At the same time the AUM in the Shipping segment declined substantially, driven by valuation changes and disposals. In August 2016, MPC Capital had sold a portfolio of container ships valued at around USD 400 million.
The MPC Capital Group's asset pipeline remains well stocked. The pipeline comprises projects amounting to more than EUR 6 billion. Around one-third of them are in the detailed due diligence or negotiation phase. The emphasis is on real estate projects in Germany, the Netherlands and southern Europe, and also on investments in renewable energies and industrial plants in developing and emerging countries.
As a result MPC Capital expects to continue on its path in 2017 with a revenue growth of at least 10% and a disproportional increase in the pre-tax result (EBT).
"We are very pleased with our business performance in the past year," commented Ulf Holländer, CEO of MPC Capital AG. "It emphasises that MPC Capital has successfully repositioned itself as an asset manager for institutional investors, and provides a promising platform for future growth."
Note: The full Annual Report 2016 of MPC Capital AG will be published on 14 February 2017.
About MPC Capital AG MPC Capital AG is an independent asset and investment manager for real asset investments. Together with its subsidiaries, the company develops and manages real asset investments and investment products for international institutional investors, family offices and professional investors. Its focus is on the asset categories Real Estate, Shipping and Infrastructure. MPC Capital AG has been quoted on the stock exchange since 2000 and has around 250 employees group-wide.