MPC Capital Reports Strong Half-Year Results

MPC Münchmeyer Petersen Capital AG (MPC Capital) has reported robust financials for the first half of 2024. The company's revenue grew by 24% year-over-year to EUR 21.2 million. Earnings before taxes (EBT) surged by 80% to EUR 16.5 million, driven by strong new business activities and high returns from co-investments. As a result, MPC Capital has revised its full-year revenue guidance to around EUR 40 million, up from the previous forecast of at least EUR 37.9 million. EBT expectations have also been increased to a range of EUR 23 million to EUR 25 million.

MPC Capital's refined strategy focuses on maritime and energy infrastructure projects, pivoting away from its former multi-asset management approach. This shift aligns with the growing demand for energy transition-related investments. Assets under management rose by EUR 0.7 billion to EUR 4.8 billion in the first half of the year, a 17% increase year-over-year.

The company highlighted its robust balance sheet and profitability, with investments in renewable energy projects and maritime decarbonization. Co-investment income also saw a notable rise to EUR 17.2 million, characterized by successful exits and new opportunities. The firm's equity ratio remains strong at 84.1%, positioning it well for future growth.

MPC Capital is intensifying its capital market activities, aiming for higher earnings visibility and further growth in the maritime and energy infrastructure sectors.