DGAP-News

MPC Capital AG publishes 2021 First Half Report - Seite 2

Clear improvement in profitability

Thanks to an improved cost basis, the unlocking of synergies and the focus on high-growth, profitable investment strategies, earnings before tax (EBT) for the first half of 2021 improved to EUR 2.3 million (H1 2020: EUR 1.2 million) despite the much lower level of revenue. The EBT margin improved to 14 % (H1 2020: 5 %).

Overall, MPC Capital AG posted a consolidated profit after tax of EUR 1.8 million for the first half of 2021 (H1 2020: EUR 0.1 million).

EUR 4.7 billion assets under management

The assets under management of the MPC Capital Group rose to EUR 4.7 billion as at 30 June 2021 thanks to increased asset values (31 December 2020: EUR 4.4 billion). New business brought in asset additions of EUR 0.2 billion. This was offset by asset disposals amounting to EUR 0.5 billion. The measurement and currency effects came to EUR 0.7 billion.

Financial assets, which are substantially made up of co-investments by MPC Capital AG, fell to EUR 57.0 million (31 December 2020: EUR 67.2 million) mainly due to the successful disposal of equity investments in two Dutch real estate funds. The dynamic development on the shipping markets moreover led to a substantial build-up of measurement reserves with regard to the co-investments in the Shipping segment. The cash position as at 30 June 2021 rose by EUR 11.6 million to EUR 36.4 million (31 December 2020: EUR 24.8 million).

Forecast for 2021 full year confirmed

On the operations side, activities over the next few months will focus essentially on the further expansion of the investment platforms for residential real estate in Germany (ESG Core Wohnimmobilien Deutschland) and renewable energy in the Caribbean and Latin America (MPC Energy Solutions and MPC Caribbean Clean Energy), as well as on the shipping activities.

The need for investment in the upcoming global ecological transformation will create growth opportunities for the business of MPC Capital. Environmental aspects, social considerations, corporate governance factors and attractive, risk-adjusted yields will play an increasingly important role in institutional investments. MPC Capital believes it is well-positioned to cater to this demand with innovative investment solutions.