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MPC Capital with strong first quarter: Key financial figures underline highly profitable business model

EQS-News: MPC Münchmeyer Petersen Capital AG / Key word(s): Quarterly / Interim Statement MPC Capital with strong first quarter: Key financial figures underline highly profitable business model 08.05.2024 / 06:30 CET/CEST The issuer is solely responsible for the content of this announcement. Press Release

MPC Capital with strong first quarter: Key financial figures underline highly profitable business model

• Recurring management fees increase by 4%, transaction fees by 64%
• EBT up 69% to EUR 7.0 million due to strong transaction business and sustained high returns from co-investments
• Forecast for the full year 2024 confirmed

Hamburg, 8 May 2024 - Hamburg-based asset and investment manager MPC Capital AG (Deutsche Börse, Scale, ISIN DE000A1TNWJ4) today presents its figures for the first quarter of 2024. A significantly stronger transaction business compared to the same period last year and a consistent expansion of the management and service platforms led to double-digit revenue growth overall. Continued high returns from the co-investment portfolio ensured a strong financial result and a significant improvement in profitability.

Stable growth in management fees and strong transaction business

Revenue increased by 11% to EUR 9.6 million (Q1 2023: EUR 8.6 million). About 81% of this resulted from recurring management fees, which increased by 4% to EUR 7.7 million (Q1 2023: EUR 7.4 million). This growth was mainly due to the expansion of maritime activities. In addition, the acquisition of the ship manager Zeaborn was successfully completed at the end of March. This will further increase the fleet managed by MPC Capital in technical ship management and the related recurring income.

MPC Capital recorded strong transaction business in the first quarter of 2024 despite the challenging market environment. In addition to the sale of an office property, MPC Capital acquired and sold several vessels in club deal structures in the first quarter. Additional transaction proceeds were also realised with the completion of further container vessels from the newbuilding programmes launched, which contribute to the decarbonization of maritime infrastructure thanks to their modern propulsion technology. Overall, transaction proceeds increased by 64% to EUR 1.8 million (Q1 2023: EUR 1.1 million).