MPC Münchmeyer Petersen Capital AG
ISIN: DE000A1TNWJ4
WKN: A1TNWJ
14 November 2024 06:55AM

EQS-News: MPC Capital: Positive development continues at a strong level in the third quarter

MPC Münchmeyer Petersen Capital AG · ISIN: DE000A1TNWJ4 · EQS - Company News
Land: Deutschland · Primärmarkt: Deutschland · EQS News ID: 2029233

EQS-News: MPC Münchmeyer Petersen Capital AG / Key word(s): 9 Month figures
MPC Capital: Positive development continues at a strong level in the third quarter

14.11.2024 / 06:55 CET/CEST
The issuer is solely responsible for the content of this announcement.


Press release

MPC Capital: Positive development continues at a strong level in the third quarter

  • Recurring management fees increase by 16% year-on-year in the first nine months of 2024, transaction fees at solid prior-year level
  • Disproportionate EBT growth after nine months by 33% to EUR 20.4 million
  • Market entry into the offshore wind service business as part of the strategic focus on Maritime and Energy Infrastructure
  • Guidance for the full year 2024 confirmed

Hamburg, 14 November 2024 – The investment and asset manager MPC Capital AG (Deutsche Börse, Scale, ISIN DE000A1TNWJ4) today presents its figures for the first nine months of 2024. Increased recurring revenues from the management and service platforms led to double-digit revenue growth. In addition, continuously high income from dividends and exits from the co-investment portfolio underline the sustainable level of profitability and resilience of MPC Capital's business model.

Constantin Baack, CEO of MPC Capital AG: “We are very satisfied with the business performance in the third quarter. We have succeeded in both expanding our established platforms and creating the basis for further growth. Our strategic focus on Maritime and Energy Infrastructure is starting to pay off: With the initiation of an investment platform for offshore service vessels, we are combining both sectors and entering another highly attractive market segment."

Substantial increase in recurring revenues and strong transaction business

Revenue in the first nine months of 2024 increased significantly to EUR 32.2 million (9M 2023: EUR 27.6 million). 78% of this resulted from recurring management fees, which increased to EUR 25.2 million (9M 2023: EUR 21.8 million). The 16% increase is largely attributable to the acquisition of the Zeaborn Group.

The transaction business also performed well in the third quarter: At EUR 5.5 million after nine months, transaction fees remained resilient on a high level compared to the previous year (9M 2023: EUR 5.6 million) despite a persistently challenging transaction environment. The variety of projects ranged from new construction programs for low-emission container ships and the acquisition of additional assets via the investment platforms in the maritime and energy sectors to the sale of bulk carriers and container ships.

Sustained high income from co-investment portfolio and strong increase in earnings

Co-investments of MPC Capital AG generated investment income and exit proceeds of EUR 22.5 million in the first nine months of 2024 (9M 2023: EUR 14.4 million). The market value of the company's own co-investment portfolio stood at EUR 166 million as of September 30, 2024 and therefore significantly higher compared to the book value (EUR 88 million). This reflects the strong value creation of the investments realized, which at 28% IRR are well above the target corridor of 15% IRR.

Significantly higher management fees, robust transaction business and continued high returns from the co-investment portfolio led to a 33% year-on-year disproportionate increase in earnings before taxes (EBT) to EUR 20.4 million (9M 2023: EUR 15.3 million).

Cash holdings fell to EUR 29.3 million in the first nine months of 2024 as a result of intensive investment activity (December 31, 2023: EUR 61.1 million). With a continuously high equity ratio of 85.0 % (December 31, 2023: 85.2 %), MPC Capital remains strongly positioned to drive growth in the Maritime and Energy Infrastructure segments at full steam.

Strong momentum in existing and new investment themes

With the integration of further maritime assets and the initiation of a new investment platform for offshore service vessels, MPC Capital has recently laid the foundation for further expansion of the business.

The addition of a portfolio of four container ships to MPC Capital's management increases the assets under management by USD 180 million and contributes to the increase in recurring management income. Attractive medium-term charter agreements were concluded for the ships, which further increases the visibility and thus the sustainability of recurring revenues and income for MPC Capital. Due to their technical specifications, the container ships are significantly more efficient and economical than the average of the comparable global fleet.

At the beginning of November, MPC Capital announced its entry into the market for offshore service vessels with the launch of a new investment platform. As a first step in building the platform for maritime offshore assets, MPC Capital has successfully secured the construction of six Offshore Survey and Service Vessels (OSSV) suitable for emission-free operation. The project has an investment volume of around EUR 130 million.

The market entry strategically follows MPC Capital's focus on infrastructure projects in the maritime and energy segments and targets sectors with high growth potential due to the global energy transition. The newly created maritime offshore platform creates new growth opportunities for MPC Capital at the intersection of maritime and energy infrastructure.

In addition, MPC Capital has a well-filled transaction pipeline that includes both acquisitions and exits in the maritime and energy infrastructure sectors.

Guidance for 2024 confirmed

Against the backdrop of the continued very stable development in the third quarter, the Management Board confirms its guidance for the 2024 financial year, which was raised in August. For the full year, MPC Capital expects an EBT in a range of EUR 23 million and EUR 25 million with consolidated revenues of around EUR 40 million.

MPC Capital also expects positive business development for the 2025 financial year on the basis of high revenue and earnings visibility as well as a continuously dynamic transaction activity.

Webcast

A webcast will take place on Thursday, November 14th, 2024 at 8:30 a.m. CET. CEO Constantin Baack and CFO Dr. Philipp Lauenstein will present the results for the first nine months of 2024 and provide a business update. The webcast will be held in English.

Register for the webcast here: https://montegaconnect.de/event/uf69yv5ukgd3fplwfp3vxu55qn9a61ye

Group key figures 9M 2024

P&L 9M 2024 9M 2023 +/-
  €‘000 €‘000  
Revenues 32,211 27,619 +17%
of which management fees 25,155 21,779 +16%
of which transaction fees 5,456 5,594 -2%
of which other 1,600 246 +550%
Other operating income 17,139 3,993 +329%
Personnel costs -20,075 -14,397 +39%
Other operating expenses -14,820 -11,759 +26%
Earnings before interest and taxes (EBIT) 8,231 769 +970%
Financial result 12,151 14,554 -17%
Earnings before taxes (EBT) 20,382 15,323 +33%
Consolidated profit 17,295 13,641 +27%
Earnings per Share (€) 0.38 0.29 +31%
       
Balance sheet 30 Sep 2024 31 Dec 2023  
  €‘000 €‘000  
Balance sheet total 149,748 152,077 -2%
Fixed assets 86,268 61,500 +40%
of which financial assets 78,368 56,022 +40%
Current assets 62,561 90,276 -31%
of which cash and credit balances with credit institutions 29,292 61,140 -52%
Equity 127,256 129,522 -2%
Equity ratio 85.0% 85.2% -0.2pp

The figures for the first nine months of 2024 were not audited and were not subject to an audit review.

About MPC Capital (www.mpc-capital.com)

MPC Capital is a global investment and asset manager for infrastructure projects. In the areas of maritime and energy infrastructure, MPC Capital initiates and manages investment solutions for institutional investors. MPC Capital provides tailor-made investment structures, excellent project access and integrated asset management expertise. With 280 employees, the MPC Capital Group manages assets under management (AuM) of EUR 4.8 billion. As a responsible company with a family background that has been listed on the stock exchange since 2000, MPC Capital actively contributes to financing the investment needs to achieve global climate goals.

Contact

MPC Capital AG
Stefan Zenker
Head of Investor Relations & Public Relations
Phone +49 (40) 380 22-4347
Email s.zenker@mpc-capital.com

This release contains forward-looking statements that are subject to certain risks and uncertainties. Future results may differ materially from those currently anticipated due to various risk factors and uncertainties, such as changes in business, economic and competitive conditions, exchange rate fluctuations, uncertainties regarding litigation or investigations, and the availability of financing. MPC Capital AG assumes no responsibility to update the forward-looking statements contained in this release.



14.11.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


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: kontakt@mpc-capital.com
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: 2029233

 
End of News EQS News Service

2029233  14.11.2024 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=2029233&application_name=news&site_id=boersengefluester~~~ace3d64b-2049-452a-8d18-fbc8044c4b5f

Zur besseren Einschätzung der fundamentalen Entwicklung der jeweiligen Unternehmen bietet boersengefluester.de (BGFL) eine Übersicht mit den wesentlichen Kennzahlen zu Umsatz, Ergebnis, Cashflow und Dividende. Sämtliche Angaben werden manuell in unserer Datenbank erfasst – Quelle sind die jeweiligen Geschäftsberichte. Sofern es sich um Schätzungen für künftige Zahlen handelt, stammen sie durchweg von BGFL. 

Die wichtigsten Finanzdaten auf einen Blick
  2018 2019 2020 2021 2022 2023 2024e
Umsatzerlöse1 42,73 46,85 50,49 42,28 36,49 37,95 90,00
EBITDA1,2 -1,43 -1,58 3,86 13,73 16,95 6,92 0,00
EBITDA-Marge3 -3,35 -3,37 7,65 32,47 46,45 18,24 0,00
EBIT1,4 -3,21 -3,82 1,52 11,74 15,58 4,14 0,00
EBIT-Marge5 -7,51 -8,15 3,01 27,77 42,70 10,91 0,00
Jahresüberschuss1 -18,67 -0,32 -0,15 7,22 28,16 16,86 17,30
Netto-Marge6 -43,69 -0,68 -0,30 17,08 77,17 44,43 19,22
Cashflow1,7 -8,02 3,04 3,26 3,92 33,59 14,51 0,00
Ergebnis je Aktie8 -0,57 -0,01 -0,01 0,20 0,74 0,37 0,49
Dividende8 0,00 0,00 0,00 0,12 0,20 0,27 0,20
Quelle: boersengefluester.de und Firmenangaben
Legende

1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: BDO

Alle relevanten Bewertungskennzahlen, Termine und sonstige Investor-Informationen zu Ihrer Aktie kompakt zusammengefasst. Gut zu wissen: Sämtliche Daten stammen von boersengefluester.de werden täglich aktualisiert. Damit sind Sie immer auf dem neuen Stand. Kurze Erkärungen zu den Kennzahlen bekommen Sie, wenn Sie mit dem Cursor bzw. der Maus auf das jeweilige Feld gehen.

INVESTOR-INFORMATIONEN
©boersengefluester.de
MPC Capital
WKN ISIN Rechtsform Börsenwert IPO Einschätzung Plus Code
A1TNWJ DE000A1TNWJ4 AG 192,10 Mio € 28.09.2000 Kaufen
* * *
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV KBV KCV KUV
12,98 12,58 1,03 28,99 1,70 13,24 5,06
Dividenden
Dividende '2022
in €
Dividende '2023
in €
Dividende '2024e
in €
Div.-Rendite '2024e
in %
0,20 0,27 0,20 3,67%
Finanztermine
Hauptversammlung Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
13.06.2024 08.05.2024 22.08.2024 14.11.2024 07.03.2024
Performance-Angaben
Abstand 60-Tage-Linie Abstand 200-Tage-Linie Performance YtD Kursveränderung 52 Wochen IPO
Akt. Kurs (EoD)
+3,81%
5,45 €
ATH 311,56 €
+1,85% +24,49% +82,89% +80,46% +0,00%

Werbung ist für uns ein wichtiger Einnahmekanal. Aber wir verstehen, dass sie manchmal lästig wird. Wenn Sie die Anzahl der angezeigten Werbung reduzieren möchten, loggen Sie sich einfach in Ihr Benutzerkonto ein und verwalten Sie die Einstellungen von dort aus. Als registrierter Benutzer erhalten Sie viele Vorteile.
          Qualitätsjournalismus · 2013-2024 · Made in Germany          
Die Nachrichtenmanufaktur

Informierte Anleger treffen bessere Entscheidungen

Auf dem 2013 von Gereon Kruse gegründeten Finanzportal boersengefluester.de dreht sich alles um deutsche Aktien – mit klarem Schwerpunkt auf Nebenwerte. Neben klassischen redaktionellen Beiträgen sticht die Seite insbesondere durch eine Vielzahl an selbst entwickelten Analysetools hervor. Basis sämtlicher Tools ist eine komplett selbst gepflegte Datenbank für mehr als 650 Aktien. Damit erstellt boersengefluester.de Deutschlands größte Gewinn- und Dividendenprognose.

Kontakt

Idee & Konzept: 3R Technologies   
boersengefluester.de GmbH Copyright © 2024 von Gereon Kruse #BGFL