EQS-News

MPC Capital Reports on Strong Financial Year 2023: Adjusted Pre-Tax Profit Up by 31%, Dividend Raised to 27 Cents per Share

EQS-News: MPC Münchmeyer Petersen Capital AG / Key word(s): Annual Report MPC Capital Reports on Strong Financial Year 2023: Adjusted Pre-Tax Profit Up by 31%, Dividend Raised to 27 Cents per Share 07.03.2024 / 07:30 CET/CEST The issuer is solely responsible for the content of this announcement. Press release

MPC Capital Reports on Strong Financial Year 2023: Adjusted Pre-Tax Profit Up by 31%, Dividend Raised to 27 Cents per Share

• Successful business performance in 2023 leads to an increase in revenues to EUR 37.9 million.
• Strong balance sheet with an equity ratio of 85.2%, significant dividend increase.
• Outlook 2024: Revenue expected to be at least at the previous year's level, Earnings before taxes expected to remain at high level of 2023.

Hamburg, 7 March 2024 -- Hamburg-based asset and investment manager MPC Capital AG (Deutsche Börse, Scale, ISIN DE000A1TNWJ4) today published its 2023 annual report. Nearly all key figures, particularly the operating result, have been improved. The dividend for 2023 is also expected to increase significantly. With a positive outlook for the financial year 2024, MPC Capital aims to continue its business development at a high level with significant earnings visibility.

Increased profitability in a challenging market environment

Recurring management fees rose from EUR 29.2 million in the previous year to EUR 30.5 million in 2023. Transaction proceeds were at the previous year's level at EUR 7.0 million. Overall, revenue increased from EUR 36.5 million in the previous year to EUR 37.9 million in the financial year 2023.

As a result of the strong transaction activity, the optimized cost base, and the consistently high returns from the co-investment portfolio, adjusted earnings before taxes (EBT adj.) increased by 31% from EUR 14.8 million in the previous year to EUR 19.3 million in 2023, disproportionately to revenue. The adjusted EBT margin therefore improved from 40% to 51%.

Against the background of the positive operational development, the dividend is set to increase by 35% from 20 to 27 cents per share. The proposed dividend, subject to approval by the Annual General Meeting on 13 June 2024, corresponds to a yield of 8.6%, based on the average MPC Capital share price in 2023.