DGAP-News: MPC Capital publishes Annual Report 2020 and positions itself for further growth through sustainable investments
- Revenue increases to EUR 50.5 million, slight improvement in EBT to EUR 1.3 million
DGAP-News: MPC Münchmeyer Petersen Capital AG / Key word(s): Annual Results MPC Capital publishes Annual Report 2020 and positions itself for further growth through sustainable investments 25.02.2021 / 08:00 The issuer is solely responsible for the content of this announcement. Press Release MPC Capital publishes Annual Report 2020 and positions itself for further growth through sustainable investments - Revenue increases to EUR 50.5 million, slight improvement in EBT to EUR 1.3 million - Corporate structure focusing on strongly growing market for sustainable investments - Outlook for 2021: proportionate consolidation of joint ventures leading to lower revenue level at significantly improved profitability - Management Board of MPC Capital AG reduced to three members
MPC Capital generated revenue of EUR 37.1 million from recurring management services in the 2020 financial year (2019: EUR 39.2 million). The reduced level of management fees was due to a further decline of the retail business and the first-time proportionate consolidation of joint venture companies in the Shipping segment. In particular, the Wilhelmsen Ahrenkiel Ship Management joint venture, newly created in 2020, has been included in the consolidated financial statements using the proportionate consolidation method since October 2020. Income from transaction services doubled to EUR 10.7 million (2019: EUR 5.3 million) as a result of a marked uptick in transaction activity in the second half of 2020. It especially comprised transactions in the Real Estate and Renewable Energies segments, and in the second half of 2020 also increasingly in the Shipping segment. The overall volume of transactions managed by MPC Capital in 2020 came to EUR 1.1 billion. Assets under management (AUM) on behalf of institutional investors rose to EUR 3.6 billion (2019: EUR 3.5 billion). Including discontinued retail business, total AUM came to EUR 4.4 billion (2019: EUR 4.5 billion). Further focus on sustainable investments "Environmental aspects, social issues and corporate governance factors will become increasingly important considerations when developing new investments," commented Ulf Holländer, CEO of MPC Capital AG. "We have aligned the structures and processes of the MPC Capital Group optimally with these. Because we are convinced that the investment needs in the upcoming global ecological transformation will create significant opportunities for our business." Basis for further growth completed An improved cost basis, the unlocking of synergies and the focus on high-growth, profitable investment strategies should nevertheless produce a substantial year-on-year improvement in earnings before taxes (EBT). As a result of the lower revenue level combined with a higher EBT, a significant improvement in the EBT margin is expected. In the Real Estate segment, MPC Capital expects to further expand its activity with a focus on sustainability as well as logistics assets in 2021. For residential properties, the basis has been set the launch of ESG Core Wohnimmobilien Deutschland in early 2021. The fund is targeting an investment volume of around EUR 300 million. In the Shipping segment, MPC Capital completed the formation of a globally leading centre of competence in container shipping with the establishment of the Wilhelmsen Ahrenkiel Ship Management joint venture. This should serve as a starting point for onboarding further assets in 2021 and expanding the investment and transaction business. Especially, the required energy transition and sustainable alignment of global merchant shipping should create a strong need for investment and corresponding growth momentum for the MPC Capital Group. In the Infrastructure segment, 2021 will see MPC Capital focus on the significant expansion of the renewable energy activities. At the start of 2021, a significant milestone was reached with the launch of MPC Energy Solutions involving a USD 100 million private placement. Changes on the Management Board of MPC Capital AG Dr Ignace Van Meenen is to leave the Management Board of MPC Capital AG with effect from 31 March 2021 to continue his career outside the MPC Group. Over the past two years, Ignace Van Meenen has provided important and valuable impetus for the further development of the MPC Capital Group. Dr Karsten Markwardt will step down from the Management Board of MPC Capital AG with effect from 31 March 2021 in light of the Group's streamlining. He has played an active part in the company's strategic repositioning over the past three years. In his future role as General Counsel - which he also held prior to his appointment to the Management Board - he will remain a vital source of advice for the Management Board and the Supervisory Board on legal and compliance matters.
1including 33 employees (2019: 12) in joint ventures The Annual Report 2020 will be made available as a download on the Investor Relations pages of the MPC Capital website: https://www.mpc-capital.com/shareholders/publications This communication contains future-related statements that are to some degree subject to risks and uncertainties. Future results may deviate considerably from those currently expected due to various risk factors and uncertainties such as changes in the business, economic and competitive situation, exchange rate fluctuations, uncertainties arising from legal disputes or investigative proceedings, and access to financial resources. MPC Capital AG assumes no responsibility whatsoever for updating the future-related statements contained in this communication.
25.02.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | MPC Münchmeyer Petersen Capital AG |
Palmaille 75 | |
22767 Hamburg | |
Germany | |
Phone: | +49 (0)40 380 22-0 |
Fax: | +49 (0)40 380 22-4878 |
E-mail: | [email protected] |
Internet: | www.mpc-capital.de |
ISIN: | DE000A1TNWJ4 |
WKN: | A1TNWJ |
Indices: | Scale 30 |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1170905 |
End of News | DGAP News Service |
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1170905 25.02.2021