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MPC MüNCHMEYER PETERSEN CAPITAL AG (FRA:MPC) EQS-Adhoc: MPC Capital significantly raises full-year guidance for 2024

Transparency directive : regulatory news

21/08/2024 15:35

EQS-Ad-hoc: MPC Münchmeyer Petersen Capital AG / Key word(s): Change in Forecast
MPC Capital significantly raises full-year guidance for 2024

21-Aug-2024 / 15:35 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Disclosure of inside information pursuant to Article 17 MAR

MPC Capital significantly raises full-year guidance for 2024 

Hamburg, August 21, 2024 – Investment and asset manager MPC Münchmeyer Petersen Capital AG ("MPC Capital", Deutsche Börse Scale, ISIN DE000A1TNWJ4) is raising its Group forecast for the full year 2024 against the backdrop of strong half-year results and increased earnings visibility.

For the 2024 financial year, the Management Board now expects consolidated earnings before taxes (EBT) to be in a range between EUR 23 million and EUR 25 million. Previously, EBT was forecast to be slightly above the level of the 2023 financial year (EBT 2023: EUR 19.3 million). Group revenues are now expected to be around EUR 40 million. Previously, the Management Board had assumed consolidated revenues to be at least at the previous year's level (2023 revenues: EUR 37.9 million).

The first half of 2024, which was already strongly forecast, was even better than originally planned. After the first six months of the 2024 financial year, EBT of EUR 16.5 million was around 80% higher than in the same period of the previous year. This is due in particular to strong growth in the Maritime and Energy Infrastructure platforms as well as high earnings contributions from the co-investment portfolio.

Against the backdrop of a continued well-filled and tangible project pipeline as well as visible income from co-investments, revenues and earnings are also forecast to exceed original expectations for the second half of the year.

The 2024 half-year financial report will be published on August 22, 2024. A webcast on the 2024 Half-Year Financial Report will take place on Thursday, August 22, 2024 at 8:30 a.m. CEST. CEO Constantin Baack and CFO Dr. Philipp Lauenstein will explain the Group results for the first six months of 2024 and provide an update on the strategy. The webcast will be held in English.

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. Adjectives such as "strong" or "significant" describe changes in key figures that deviate at least 10% from their comparative ratio.

Contact and notifying person according to Art. 17 MAR

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



End of Inside Information

21-Aug-2024 CET/CEST 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: 1972439

 
End of Announcement EQS News Service

1972439  21-Aug-2024 CET/CEST

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