MPC Capital continues growth path in third quarter

23 Nov 2016

  • EBT for the first nine months of 2016 up 13 % at EUR 11.2 million
  • Transaction fees pick up in second half of 2016
  • Full-year forecast for 2016 confirmed

Hamburg, 23 November 2016 - MPC Capital AG, an asset and investment manager specialising in real assets, continues its growth path in the third quarter of the 2016 financial year. Revenue for the third quarter of 2016 reached EUR 14.5 million, compared to EUR 11.2 million for the third quarter of 2015 (+29 %). Earnings before tax (EBT) came to EUR 3.8 million, up from EUR 2.0 million in the prior-year quarter. 

After the first nine months 2016, revenue was EUR 37.4 million (9M 2015: EUR 36.4 million). Management fees increased by 18 % to EUR 28.3 million, while transaction fees of EUR 9.0 million fell short of the figure for the first nine months of the previous year (EUR 11.9 million) despite the high level of transactions in the third quarter. However further transaction fees running comfortably into seven digits are anticipated for the fourth quarter. EBT for the first nine months of 2016 was increased to EUR 11.2 million (9M 2015: EUR 9.9 million).

Thanks to the cash capital increase in September, MPC Capital AG raised EUR 36.5 million in fresh liquidity, which is available for financing future growth - e.g. through co-investments. The equity ratio rose to 69 % as at 30 September 2016.

Expansion of strategies in Real Estate sector

Early September the Dutch subsidiary of MPC Capital AG, Cairn Real Estate ("Cairn"), further expanded its portfolio. With the realization of two high-volume projects in the Dutch and German commercial real estate markets, Cairn is increasing its assets under management by almost EUR 100 million. MPC Capital co-invested in both transactions. 

In the micro-living segment, the first Staytoo apartments in Nuremberg and Bonn opened its doors in time for the start of the winter semester. In parallel, MPC Capital is working on rolling out its micro-living strategy in other European countries. Initial discussions with regional partners in southern Europe have already been initiated.

High transaction fees in Shipping segment

In the Shipping segment MPC Maritime Investments GmbH, a subsidiary of MPC Capital AG, arranged the sale of a portfolio of eight container vessels for a price of around USD 398 million. Three of the eight fully containerised vessels each with a slot capacity of around 8,500 standard containers (TEU) had been handed over to their new owners by the reporting date of 30 September. A portion of the transaction fees was therefore already realised in the third quarter. The remaining vessels were handed over in October.

Infrastructure projects gain momentum

In the Infrastructure segment, the 170 MW ANCORA wind farm project in Portugal was completed and connected to the grid on schedule. MPC Capital's infrastructure team is additionally working on structuring various projects in emerging markets.

Forecast confirmed

Due to the promising business progress, the Management Board reiterates its forecast of a 10 percent rise in revenue for the 2016 financial year and disproportionately higher earnings growth (EBT).

Note: the figures for the third quarter and first nine months of 2016 are unaudited and have not been subjected to any accounting review.

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 240 employees group-wide.


MPC Capital continues growth path in third quarter



Stefan Zenker
Head of Investor & Public Relations
+49 (40) 380 22 - 4347