DGAP-News

MPC Capital publishes nine-month key figures for 2021 - Seite 2

EBT margin above 30% in the third quarter

MPC Capital Group's revenues in Q3 2021 were EUR 8.7 million (Q3 2020: EUR 14.7 million). Of this, EUR 6.6 million (Q3 2020: EUR 8.8 million) was attributable to recurring management services. The expected decline in revenues from management services is due to a change in the Group structure. Since the end of 2020, the service business in the shipping segment has increasingly been handled jointly with partners in joint ventures, to establish a broader market presence. As a result, revenues and expenses are now only consolidated proportionately.

Revenues from Transaction Services amounted to EUR 2.0 million in the third quarter of 2021. The previous year's figure of EUR 5.7 million was characterized by high proceeds from the sale of a solar park portfolio.

Other operating income of EUR 4.8 million (Q3 2020: EUR 0.4 million) mainly includes performance-based income from Shipping. Above all, the positive development of container shipping contributed to this.

Based on a further improvement in the cost structure, earnings before taxes (EBT) improved to EUR 2.8 million in the third quarter of 2021 (Q3 2020: EUR 0.3 million). The EBT margin in the third quarter was 32% (Q3 2020: 2%).

EBT after nine months at EUR 5.1 million, full-year forecast confirmed

On a cumulative basis, the MPC Capital Group's revenues in the first nine months of 2021 were EUR 24.6 million (9M 2020: EUR 39.5 million). Management fees amounted to EUR 20.3 million (9M 2020: EUR 28.8 million), transaction fees to EUR 4.1 million (9M 2020: EUR 8.1 million).

Earnings before taxes (EBT) amounted to EUR 5.1 million after the first nine months of 2021 (9M 2020: EUR 1.5 million). Cash and cash equivalents amounted to approximately EUR 37.8 million as of September 30, 2021 (December 31, 2020: EUR 24.8 million). The equity ratio was 78% (December 31, 2020: 76%).

The forecast for the financial year 2021, which foresees a lower level of sales and a significant improvement in EBT compared to the previous year, is confirmed.

Note: The figures for the third quarter and the first nine months of 2021 have not been audited and have not been subject to an auditor's review.