Report

MPC Capital - Business model optimisation

MPC Capital recorded an 86% y-o-y increase in pre-tax profit to €2.3m and a €1.6m net profit ex minorities in H121 against a €0.5m loss in H120. This was assisted by the focus on high-margin business, cost efficiencies and synergies, coupled with a favourable market environment for real assets. At the same time, MPC’s year-on-year decline in revenues and operating expenses in H121 reflects the proportionate consolidation of joint ventures (JVs) in technical and commercial management. Consequently, management guides to a higher FY21 pre-tax profit versus FY20, despite lower revenues.
Underlying
MPC Muenchmeyer Peterson Capital AG

MPC - Muenchmeyer Petersen Capital AG. MPC Muenchmeyer Petersen Capital AG (MPC Capital) is a German-based holding company engaged in wealth and asset management. The Company develops and markets yield-oriented, tax-optimized investments for private and institutional investors. The Company operates in the following business segments: ship investments, real estate, energy, and other investments (insurance products, umbrella funds, investment funds and private equity). It has such subsidiaries as Ahrenkiel Steamship and DSC Deutsche SachCapital GmbH, among others. The Company has a number of subsidiaries in Germany, Austria, Spain, Liechtenstein, Switzerland and the Netherlands, among others.

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts
Pedro Fonseca

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