The MPC Capital AG suffers from the widening economic crisis considerably stronger than even recently adopted. The SDAX listed provider of Schiffsbeteiligen and other closed-end funds fell in presenting the nine-month figures on Tuesday are only six weeks ago reduced forecast. Instead of the originally targeted EUR 1.1 billion placement capital MPC now expects only with EUR 600 million funds raised by year-end.
MPC also has an allowance for the participation of competitors at HCI Capital, 2008 will be determined and therefore the bottom line even with a loss quit. The 40.8-percent share of HCI package is available now with 60 million euros in the books of MPC, which is EUR 80 million less than previously. The reason for the depreciation was the difficult placement and financing environment, said the MPC. Medium to long term, however, was to be expected that HCI to full strength to find yield.
The third quarter ended MPC with a EUR 25.2 million on sales halved, one at 2.8 (10.9) million more than gedrittelten earnings before interest and taxes (EBIT) and a loss of EUR 78.4 million, but much of the HCI is marked depreciation.
Taken it out, still showed a profit of EUR 1.6 million, bringing the MPC from the perspective of the CEO Axel Schroeder's "resistance proof" has. In the previous year, however, were still 7.8 million EUR declared surplus.
EUR 167 million customers in the months from July to September in plants MPC Capital invested since the beginning of the year thus EUR 463 million. The new forecast assumes that the end of the year, further EUR 140 million submissions. That is significantly less than directly after the end of the third quarter was adopted. In early October MPC was still by a placement volume expected for the 150 to 250 million EUR it would have been.
The distribution problem is evident in all asset classes. To take the placement MPC assumptions for all products, but particularly evident in energy and real estate funds and commodity funds. Also in the core business of ship funds MPC expects only with EUR 300 million capital placement. In August, was EUR 400 million of the speech was.
It also expresses the proceeds. MPC had at the beginning of October the estimate for the annual surplus from 18 to 23 million from previously EUR 45 million EUR halved, then the Hamburg without HCI now amortization of EUR 10 million profit from.
Including this special effect will be about EUR 70 million loss to Beech beat when the business in the remaining six weeks as developed as expected. But even here there is Chairman Schroeder cautious: "Given the current market uncertainty is the forecast for the fourth quarter difficult", he is in the press release on Tuesday quoted.
On long-term success of the business he leaves no doubt however: Closed sachwertorientierte equity funds with high compared with other investments likely from a "calming the markets and a tightening of demand disproportionately benefit," said Schroeder.
The MPC shares on Tuesday continued their descent last accelerated and continued at 3,70 EUR marked a new year low. 11:11 clock against them as quoted in SDAX zweitschwächster value with 11.6% in at minus EUR 3.94. At the beginning of the year was the title yet to be traded was EUR 62.39.
MPC also has an allowance for the participation of competitors at HCI Capital, 2008 will be determined and therefore the bottom line even with a loss quit. The 40.8-percent share of HCI package is available now with 60 million euros in the books of MPC, which is EUR 80 million less than previously. The reason for the depreciation was the difficult placement and financing environment, said the MPC. Medium to long term, however, was to be expected that HCI to full strength to find yield.
The third quarter ended MPC with a EUR 25.2 million on sales halved, one at 2.8 (10.9) million more than gedrittelten earnings before interest and taxes (EBIT) and a loss of EUR 78.4 million, but much of the HCI is marked depreciation.
Taken it out, still showed a profit of EUR 1.6 million, bringing the MPC from the perspective of the CEO Axel Schroeder's "resistance proof" has. In the previous year, however, were still 7.8 million EUR declared surplus.
EUR 167 million customers in the months from July to September in plants MPC Capital invested since the beginning of the year thus EUR 463 million. The new forecast assumes that the end of the year, further EUR 140 million submissions. That is significantly less than directly after the end of the third quarter was adopted. In early October MPC was still by a placement volume expected for the 150 to 250 million EUR it would have been.
The distribution problem is evident in all asset classes. To take the placement MPC assumptions for all products, but particularly evident in energy and real estate funds and commodity funds. Also in the core business of ship funds MPC expects only with EUR 300 million capital placement. In August, was EUR 400 million of the speech was.
It also expresses the proceeds. MPC had at the beginning of October the estimate for the annual surplus from 18 to 23 million from previously EUR 45 million EUR halved, then the Hamburg without HCI now amortization of EUR 10 million profit from.
Including this special effect will be about EUR 70 million loss to Beech beat when the business in the remaining six weeks as developed as expected. But even here there is Chairman Schroeder cautious: "Given the current market uncertainty is the forecast for the fourth quarter difficult", he is in the press release on Tuesday quoted.
On long-term success of the business he leaves no doubt however: Closed sachwertorientierte equity funds with high compared with other investments likely from a "calming the markets and a tightening of demand disproportionately benefit," said Schroeder.
The MPC shares on Tuesday continued their descent last accelerated and continued at 3,70 EUR marked a new year low. 11:11 clock against them as quoted in SDAX zweitschwächster value with 11.6% in at minus EUR 3.94. At the beginning of the year was the title yet to be traded was EUR 62.39.
No comments:
Post a Comment