MPC Capital Significantly Raises Full-Year Guidance for 2024

MPC Münchmeyer Petersen Capital AG has raised its full-year guidance for 2024. This follows strong half-year results and increased earnings visibility. The Management Board now anticipates consolidated earnings before taxes (EBT) to range between EUR 23 million and EUR 25 million, up from a previous forecast of slightly above EUR 19.3 million in 2023. Group revenues are now expected to be around EUR 40 million, compared to the previous year's EUR 37.9 million.

The first half of 2024 saw an EBT of EUR 16.5 million, an 80% increase from the same period in the previous year. This performance is attributed to growth in the Maritime and Energy Infrastructure platforms and significant contributions from the co-investment portfolio. The company expects this trend to continue in the second half of the year, driven by a robust project pipeline and visible income from co-investments.

The half-year financial report will be available on August 22, 2024, followed by a webcast featuring CEO Constantin Baack and CFO Dr. Philipp Lauenstein. They will detail the Group's results and provide strategic updates.