euro adhoc: MPC Münchmeyer Petersen Capital AG
Earnings Forecast
MPC Capital
adjusts profit forecast in light of the guidance published by HCI
Capital
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Company Information
11.08.2008
Hamburg, August 11th, 2008
MPC Capital adjusts profit forecast in light of the guidance published by HCI Capital
MPC Capital AG has adjusted its profit forecast for the current financial year in light of the guidance published by HCI Capital. Based on HCI Capital's adjusted profit forecast, MPC Capital now expects group net income for the year to amount to EUR 38 million to EUR 40 million.
MPC Capital holds a 40.8% investment in HCI Capital AG and this stake has been consolidated at equity since May of this year. This means that HCI Capital's reduction in net income from a profit of EUR 33 million to a "break even" result in 2008 directly impacts MPC Capital's results. MPC Capital's Management Board now projects a consolidated group net income in the range of EUR 38 million to EUR 40 million.
HCI Capital's adjusted result does not warrant a revaluation of MPC Capital's balance sheet, given that HCI Capital's profitability is expected to be fully restored.
MPC Capital has confirmed its operating forecast according to which equity of EUR 1.1 billion will be placed in the current financial year.
end of announcement euro adhoc --------------------------------------------------------------------------------
Further inquiry note:
MPC Capital AG
Andreas Schwarzwälder
Tel. +49 40 / 380 22-4347
Fax +49 40 / 380 22-4878
ir@mpc-capital.com
Branche: Financial & Business Services
ISIN: DE0005187603
WKN: 518760
Index: SDAX, CDAX, Classic All Share, Prime All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse Hannover / free trade
Börse München / free trade
Börse Hamburg / regulated dealing
Original content of: MPC Capital AG, transmitted by news aktuell