EQS-News

MPC Capital Reports on Strong Financial Year 2023: Adjusted Pre-Tax Profit Up by 31%, Dividend Raised to 27 Cents per Share - Seite 2

"In a volatile global market environment, we have succeeded in consistently developing our business," says Ulf Holländer, CEO of MPC Capital AG. "Our focus has been on projects related to the energy transition and decarbonization of the global economy. Whether it is sustainable residential real estate, state-of-the-art container ships with efficient propulsion technology, or the commissioning of a wind farm in Hesse: Achieving global climate goals requires immense investments. The increasing requirement for investments in sustainable assets provides strong tailwinds for MPC Capital's business model."

Projects related to the energy transition shape the business performance in 2023

In the financial year 2023, MPC Capital acquired assets with a total volume of EUR 0.6 billion. Most of the projects were related to the energy transition and the progressive decarbonization of assets. In contrast, exits and sales amounted to EUR 0.5 billion. The total transaction volume was EUR 1.1 billion. By the end of 2023, MPC Capital managed assets with a total volume of approximately EUR 4.1 billion ("Assets under Management" / "AuM"). The slight decrease in AuM compared to the previous year (EUR 4.2 billion) is due to currency and valuation effects.

For its real estate fund ESG Core Residential Germany, MPC Capital acquired two new build properties in and around Berlin with a total investment volume of EUR 80 million. The energy-efficient apartment buildings meet a catalog of sustainability criteria required for investments by the Article 8 fund.

In the renewables sector, MPC Capital completed a number of photovoltaic projects in Latin America and the Caribbean. In addition, MPC Capital commissioned its first wind farm in Germany in December 2023. The project was acquired as a seed asset for the expansion of renewables activities in Europe.

In the maritime sector, MPC Capital executed extensive transactions in a volatile market environment. These included the acquisition of a young, modern container vessel fleet with a total investment volume of USD 150 million, as well as further sales and purchases across segments. In addition, the first two vessels of the total nine-vessel newbuilding program were delivered in 2023. With a total investment volume of over USD 500 million, these state-of-the-art, energy-efficient container ships are expected to be delivered between 2024 and 2026.