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Abonner MPC Münchmeyer Petersen Capital AG

MPC Münchmeyer Petersen Capital AG

MPC Capital AG improves product availability and placement in Q2

Hamburg (euro adhoc) -

. At-equity consolidation of HCI Capital AG for the first 
  time burdens result
. Sales and earnings below previous year at half-year stage
. Projections for 2008 confirmed
  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.
companies/Interim Report 2008
Hamburg, August 26, 2008 -  As  had  been
announced, MPC  Münchmeyer  Petersen Capital AG, the SDAX-listed 
wealth and asset manager, improved the  availability of its products 
and the placement volume in the second quarter  as  compared  to the 
first three months of the year. Between April and June, the  company 
raised EUR 172 million in equity (Q1: EUR 123 million).  At  EUR  295
million,  equity raised in the first six months of the year was 35%  
below  the  previous  year's EUR 453 million in spite of the 
improvement  in  the  second  quarter.  This  is primarily 
attributable to the fact that a large number of  high-volume  
products were made available to the sales  partners  only  in  June  
2008.  At  EUR  76,0 million, first-half sales  were  down  19%  on  
the  previous  year's  EUR  93.5 million. In accordance with the  
increased  investment  in  HCI  Capital  AG  of 40.8%, the latter's 
result was consolidated at-equity for the first time.  Given that the
earnings for the first six  month  of  2008  of  HCI  Capital  AG  
were negativ, MPC Capital accounts were burdened. Accordingly,  the  
Earnings  before interest and taxes (EBIT) declined by 75% from  EUR 
20.2  million  to  EUR  5.1 million. Consolidated net income after 
other shareholders was down  94%  on  the previous year's 20.3 
million to EUR 1.2 million. This is equivalent  to  diluted earnings 
per share of EUR 0.11 (EUR 1.92 in the previous  year).  In  the  
first half of 2008, the MPC Capital Group employed 327 people on 
average (2007: 298).
The Management Board has confirmed the on August 11, 2008  adjusted  
projections for the current fiscal year. The broad product range and 
the  continued  strong demand for attractive capital investments 
suggest that it will  be  possible  to achieve a placement volume of 
EUR 1.1 billion. The projections for  consolidated net income remains
at EUR 38 million to EUR 40 million.
"Following a  difficult  first  half-year,  MPC  Capital  has  set  
itself  very ambitious objectives for the second half of 2008. As 
expected, we were  able  to start distribution of a number of 
important products  towards  the  end  of  the second quarter. We are
therefore confident that the product  portfolio  that  is
available for the second half of the year will  generate  the  projected  equity
result and profits as well as stable margins," said Dr. Axel Schroeder,  CEO  of
MPC Capital AG.
Key figures of the first six months
|In TEUR                            |01.01.-30.06.08|01.01.-30.06.07|+/-     |
|                                   |               |               |        |
|Sales                              |75,963         |93,481         |- 19%   |
|EBIT                               |5,136          |20,201         |- 75%   |
|Consolidated net income after other|1,240          |20,300         |- 94%   |
|shareholders                       |               |               |        |
|Earnings per share in EUR (diluted)|0,11           |1,92           |- 94%   |
|Employees (average)                |327            |298            |+ 10%   |
Equity placed in the first six months*
|Business segment in EUR millions   |1.1.-30.06.08 |1.1.-30.06.07|+/-      |
|Real estate funds                  |68            |125          |- 46%    |
|   thereof real estate opportunity |34            |92           |- 63%    |
|funds                              |              |             |         |
|Ship investments                   |150           |197          |- 24%    |
|Life insurance funds               |38            |49           |- 22%    |
|Energy and commodity funds         |23            |-            |-        |
|Structured products                |18            |39           |- 54%    |
|Private equity funds               |-             |12           |-        |
|Real estate funds                  |-             |25           |-        |
|TOTAL                              |295           |453          |- 35%    |
*Differences due to rounding.
Since 1994, some 168,000 customers (YE 2007: 161,000)  have  invested  EUR  7.13
billion in 288 capital investment products with a  total  investment  volume  of
EUR 17.48 billion
The interim report on the six-month period ended June 30, 2008 is  
available  in the Investor Relations section at www.mpc-capital.com.
end of announcement                               euro adhoc

Further inquiry note:

Andreas Schwarzwälder
Tel: ++49 (0) 40380224347
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

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