MPC Münchmeyer Petersen Capital AG / Key word(s): Final Results/Mergers &
Acquisitions
02.03.2015 15:53
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MPC Capital starts 2015 financial year with fresh momentum
- 17 percent revenue growth and EUR 4.2 million consolidated net profit in
2014
- Incorporation of shipping company Ahrenkiel Steamship into MPC Capital AG
- Ulf Holländer appointed as the new CEO
Hamburg, 2 March 2015 - Following on from a successful 2014 that yielded
consistently positive key data, MPC Capital is targeting further growth for
2015. The basis on which the Hamburg company is doing so is its
reorientation as an internationally operating asset manager in the Real
Estate, Infrastructure and Maritime areas. There are also changes among its
top management: CEO Dr Axel Schroeder is switching to the Supervisory Board
of the group parent and handing over the position of CEO to Chief Financial
Officer Ulf Holländer.
The MPC Capital Group increased its revenue by around 17 percent to EUR
34.5 million in the 2014 financial year. Several transactions in the
Maritime and Real Estate areas had a major impact on its positive
development. In addition, MPC Capital was able to initiate high-volume
investments of real assets on behalf of institutional investors in 2014.
These activities included mandates to acquire and manage office properties
in the Netherlands (project volume EUR 160 million), the development of a
platform for student accommodation in Germany (EUR 150 million) and the
financial structuring of a 178-megawatt wind farm in Portugal (EUR 220
million).
In the traditional portfolio business area for public investment funds, it
concentrated on active fund management and risk minimisation to optimise
product performance. Around 70 employees worked hard to serve existing
customers and sales partners. In the retail area, MPC Capital funds paid
out around EUR 290 million to investors in the 2014 financial year.
Clear improvement in consolidated earnings
Despite the increased investments necessitated by the reorientation of the
MPC Capital Group, the 2014 financial year ended with a positive
consolidated result of EUR 4.2 million that was well up on the prior-year
level. After adjustment for non-recurring effects, the operating result for
2014 came to EUR 4.6 million. Balance sheet quality improved noticeably,
too: The equity ratio rose from 8 percent in the previous year to 21
percent in 2014. The Management Board of MPC Capital AG expects to see a
further improvement in the results for the current 2015 financial year.
MPC Capital AG takes over shares in shipping company Ahrenkiel Steamship
In April 2014 MPC Münchmeyer Petersen & Co. GmbH ("MPC Holding") - the
major shareholder of MPC Capital AG - merged the shipping activities of the
three shipping companies C.F. Ahrenkiel, MPC Steamship and Thien & Heyenga
to form "Ahrenkiel Steamship". In bringing together some 110 vessels under
one corporate roof, it created one of the world's leading ship managers in
the container sector. The commercial chartering is being managed in
cooperation with Ahrenkiel Steamship's sister company Contchart. Only a few
days ago, Ahrenkiel Steamship announced a further increase of its fleet by
taking on eight container ships from the portfolio of HSH Nordbank.
In a further move, the shareholders MPC Holding and Thien & Heyenga are
transferring their shares of Ahrenkiel Steamship and Contchart to MPC
Capital AG by way of a capital increase against contribution in kind. A
major objective of this transaction is to enhance MPC Capital's expertise
in the maritime investments asset class and, now that the market
environment is on the mend, to gain access to the capital market in order
to finance further growth. The takeover of Ahrenkiel Steamship raises the
profile of MPC Capital in the shipping segment and it will now profit from
the maritime sector's entire value chain.
The transaction is due for completion by the end of March.
Changes on the Management Board and Supervisory Board of MPC Capital AG
As part of the repositioning of MPC Capital AG, there are also changes on
the company's Management Board and Supervisory Board.
Dr Axel Schroeder, who has led the company since it was founded in 1994 and
has been Chief Executive Officer since the initial public offering in 2000,
is switching to the Supervisory Board of MPC Capital AG with a view to
taking over as Chairman. At the same time he is bolstering the operational
management of MPC Holding.
Ulf Holländer, previously Chief Financial Officer of MPC Capital AG until
the year 2000, is to become the new CEO.
The new CFO will be Constantin Baack, who spearheaded the integration of
the shipping activities as Managing Director of Ahrenkiel Steamship.
Constantin Baack has already held various key positions within the MPC
Group since 2008. Prior to MPC Capital he worked, amongst others, for one
of the "big four" accounting firms.
The personnel changes are with effect from April 1, 2015. The election of
Dr Axel Schroeder to the Supervisory Board of MPC Capital AG is to take
place at the Annual General Meeting in June 2015. The founding shareholder
of MPC Capital AG, Mr Axel Schroeder sen., and Dr Michael Lichtenauer will
leave the Supervisory Board.
Quotes
Axel Schroeder senior, Chairman of the Supervisory Board of MPC Capital AG
and Managing Partner of MPC Holding: "On behalf of the entire Supervisory
Board I would like to thank the Management Board members for their
unstinting efforts and huge personal commitment over the past few years.
The successful repositioning would not have been possible without the
resolve of the Management Board and its closely coordinated partnership
with the Supervisory Board and the shareholders. As the principal
shareholder of MPC Capital AG, we are proud to have helped smooth the way."
Dr Axel Schroeder: "After twenty years at the helm, I am delighted to place
the running of MPC Capital AG in the reliable hands of my long-standing
Management Board colleague Ulf Holländer. Together, we have successfully
repositioned the company in a difficult market environment. As a
Supervisory Board member I will continue to lend my full support to him and
the MPC team."
Ulf Holländer: "Over the past few years we have built a group whose
structure now ticks all the boxes for long-term market success. The
operating and economic success that we enjoyed in 2014 gives us the
necessary momentum. Our confidence is boosted further by the sure knowledge
that we have a strong strategic investor at our side in MPC Holding."
MPC Capital AG
MPC Capital is an independent investment manager specialising in real asset
investments and investment products, as well as their management and
administration, in the three core areas Real Estate, Maritime Investment
and Infrastructure. Since 1994 MPC Capital has launched a total of 326
investment projects with a total real-asset investment volume of more than
EUR 18.9 billion.
Contact
MPC Capital AG
Stefan Zenker
Head of Investor Relations & Public Relations
Tel. +49 40 38022-4347
Fax +49 40 38022-4878
e-mail: s.zenker@mpc-capital.com
02.03.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
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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
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg,
Hanover, Munich, Stuttgart; Open Market (Entry Standard) in
Frankfurt
End of Announcement DGAP News-Service
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DGAP-News: MPC Capital starts 2015 financial year with fresh momentum
| Source: EQS Group AG