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MPC Capital AG publishes key figures for the first quarter of 2021

DGAP-News: MPC Münchmeyer Petersen Capital AG / Key word(s): Quarterly / Interim Statement/Quarter Results MPC Capital AG publishes key figures for the first quarter of 2021 12.05.2021 / 08:00 The issuer is solely responsible for the content of this announcement. Press Release

MPC Capital AG publishes key figures for the first quarter of 2021

- Profitability significantly improved
- Lower revenue level due to change in Group structure
- Transaction activity still modest in the first quarter

Hamburg, 12 May 2021 - Hamburg-based asset and investment manager MPC Capital AG (Deutsche Börse, Scale, ISIN DE000A1TNWJ4) generated revenues of EUR 7.8 million in the first quarter of fiscal year 2021 (Q1 2020: EUR 11.4 million). Of this, EUR 7.1 million was generated from recurring management services.

At EUR 0.7 million (Q1 2020: EUR 0.8 million), revenue from transaction services was at a low level typical for the first quarter. Transaction activity usually increases significantly during the course of the year.

Thanks to an improved cost base, the leveraging of synergies and the focus on high-growth, profitable investment strategies, earnings before taxes (EBT) improved to EUR 0.9 million in the first three months of 2021 (Q1 2020: EUR 0.6 million) despite the significantly lower level of sales. The EBT margin increased to around 12 %.

The expected decline in revenue from management services is due to the first-time proportionate consolidation of joint venture companies in the Shipping segment. In particular, the joint venture Wilhelmsen Ahrenkiel Ship Management, which was established last year, has been included in the consolidated financial statements using the proportionate consolidation method since October 2020. The service business of the MPC Capital Group is gradually being managed in joint venture structures together with partners in order to be able to operate more broadly and effectively in the market.