EQS-Adhoc

MPC Capital increases shareholding in MPC Container Ships - Seite 2

With a fleet of 62 vessels, MPCC is one of the world's largest owners of container ships for intraregional trades. In the 2023 financial year, it reported operating revenues of USD 711 million and earnings per share of USD 0.73. The dividend yield in 2023 was 43%.

Regular returns from the investment are also expected for 2024 and subsequent years. Against this background, MPC Capital is increasing its earnings forecast for 2024 and now expects earnings before taxes to be slightly above the already high level of EUR 19.3 million in the 2023 financial year. Previously, MPC Capital had assumed that earnings would only be at the high level of the previous year. The forecast for consolidated revenue remains unchanged.

Contact and disclosing person pursuant to Article 17 of MAR
MPC Capital AG
Stefan Zenker
Head of Investor Relations & Public Relations
Tel. [phone]
Mail: [e-mail]

 

 

End of Inside Information

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Information and Explanation of the Issuer to this announcement:

MPCC was initiated by MPC Capital and listed on the Oslo Stock Exchange in 2017. From an initial opportunistic investment strategy focused on the strong upside potential of asset values in the market segment for smaller container vessels, MPCC has since developed into a leading global provider of feeder container tonnage. Today, MPCC is included in Oslo Stock Exchange's OBX, an index of the 25 most liquid companies.

Due to its dynamic development, MPCC has steadily increased in strategic importance for MPC Capital. MPC Capital is involved in the technical and commercial management of the MPCC fleet and regularly participates in acquisitions, sales and newbuilding projects. Through its investment in MPCC, MPC Capital benefits from regular, high returns based on MPCC's attractive dividend policy with a payout ratio of 75% of net profit.

The medium-term outlook for the market segment for smaller container ships remains positive. On the supply side, the orderbook for new vessels in this market segment is limited and the existing fleet is characterized by a high average age. At the same time, demand for ship transport in intra-regional trades is expected to be a relatively dynamic. In addition, efforts to meet global climate targets are increasing the demand for investment in the decarbonization of maritime infrastructure. MPCC is excellently positioned in this market with industry-low leverage and high earnings visibility from existing charter agreements.