DGAP-News

MPC Capital AG increases revenue by 9 % in first half of 2014 (news with additional features)

DGAP-News: MPC Münchmeyer Petersen Capital AG / Key word(s): Half Year
Results
MPC Capital AG increases revenue by 9 % in first half of 2014 (news
with additional features)

29.08.2014 / 08:30

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MPC Capital AG increases revenue by 9 % in first half of 2014

Hamburg, 29 August 2014 - MPC Münchmeyer Petersen Capital AG (Deutsche
Börse Entry Standard, ISIN DE000A1TNWJ4) sees initial signs of a business
recovery in a fundamentally changed market environment in the first-half
figures that it presents today. Following the far-reaching restructuring of
the Group and the completion of the company's debt clearance, the first
measures to reposition it as an asset and investment manager for real asset
investments are having an effect.

Revenue for the MPC Capital Group climbed 9 % to EUR 15.8 million in the
first half of 2014. While traditional fund management business contracted
by just under 11 % to EUR 12.5 million, income from the structuring of
transactions in the Real Estate and Maritime segments increased
substantially to EUR 2.9 million. The restructuring process brought
additional savings that translated into a further slight improvement in
almost all expense items. Overall, the Group reports earnings before
interest and taxes (EBIT) of EUR 2,098 thousand for the first half of 2014.
Consolidated net profit climbed to EUR 995 thousand in the first half of
2014.

Repositioning as service provider for institutional investors
The period under review brought some initial success for the MPC Capital
Group with its repositioning as a service provider for institutional
investors. Following the far-reaching regulatory changes in the market for
closed-end funds that have led to a complete reshuffle of the industry in
recent years since the wake of the financial crisis, MPC Capital now
derives the bulk of its new business from professional capital investment
work. Its focus is on the segments real estate, maritime investments and
infrastructure.

The regulated entity of Deutsche SachCapital has been created by way of a
flanking strategy. In February 2014 the MPC Capital subsidiary became one
of the first companies in Germany to receive a permit to operate as an
investment fund manager; this means it can now issue and manage Alternative
Investment Funds (AIF) in accordance with the strict rules of the German
Investment Code (KAGB).

In the real estate area, a few weeks ago MPC Capital established a joint
venture with the Danish Sparinvest Group to develop projects for student