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MPC Capital AG publishes 2020 First Half Report

DGAP-News: MPC Münchmeyer Petersen Capital AG / Key word(s): Half Year Results MPC Capital AG publishes 2020 First Half Report 27.08.2020 / 08:00 The issuer is solely responsible for the content of this announcement. MPC Capital AG publishes 2020 First Half Report

- Revenue growth and improved operating profitability in challenging market environment
- Container shipping burdened by COVID-19 pandemic, positive momentum in third quarter emerging
- Other asset areas only affected selectively so far
- Forecast for full year remains suspended due to continuing market uncertainty

Hamburg, 27 August 2020 - MPC Capital AG (Deutsche Börse Scale, ISIN DE000A1TNWJ4), an international real asset and investment manager, today publishes its 2020 Interim Financial Report.

Diversification of asset base contributes to resilience of MPC Capital's business model

The course of the first half-year has shown that the multi-asset strategy of MPC Capital AG has so far proven to be comparatively resistant to the economic effects of the COVID-19 pandemic. With the asset base's high level of diversification and the steadily growing spread within the asset areas, the impact on the business of the MPC Capital Group has so far been modest.

At the same time, MPC Capital has broadened the basis of its shipping activities in recent years, so that in the first half of 2020 the weaker container business was largely compensated by a strong tanker market.

Solid growth in asset management and transaction business

Revenue for the MPC Capital Group rose to EUR 24.8 million in the first half of 2020 (H1 2019: EUR 20.0 million). The increase substantially reflects the integration of the equity investment in the tanker specialist Albis Shipping & Transport conducted in Q4 2019.

Management fees amounted to EUR 20.0 million, some 12 % up on the prior-year period (EUR 17.8 million). Transaction fees of EUR 2.4 million were around EUR 0.6 million higher than the weak first half of the previous year (EUR 1.8 million). They related primarily to transactions in the Real Estate unit.