MPC Capital AG adjusts outlook for financial year 2018
DISCLOSURE OF INSIDE INFORMATION ACC. TO ARTICLE 17 MAR
MPC Capital AG adjusts outlook for financial year 2018 Hamburg, 9 November 2018 - The Management Board of MPC Münchmeyer Petersen Capital AG (Deutsche Börse Scale, ISIN DE000A1TNWJ4) today decided to adjust the Group forecast for the financial year 2018. The Management Board now anticipates a decline in revenues from EUR 47.3 million in the previous year to EUR 40 million to EUR 42 million in the 2018 financial year (previously: revenue growth of at least 10%, corresponding to total revenues of at least EUR 52 million) with slightly positive earnings before taxes (EBT) (previously: disproportionate increase in EBT, corresponding to absolute EBT of at least EUR 19.3 million).
The forecast adjustment is caused by delays and the reassessment of the probability of project realizations, particularly the initiation of a large-volume infrastructure project. Due to current developments, the Management Board no longer expects to complete the projects this year and to generate corresponding revenues for the Company.
The Management Board emphasizes that it does not see the sustained development of the Company and the implementation of the growth strategy disturbed by the project delays and the corresponding adjustment of the forecast.
Key financial figures: Explanations of the key financial figures used can be found in the Annual Report for the 2017 financial year published on the Company's website (see page 41) under the following link: https://www.mpc-capital.com/reports
Contact and disclosing person pursuant to Article 17 of MAR MPC Capital AG Stefan Zenker Head of Investor Relations & Public Relations Tel. +49 40 38022-4347 Mail: firstname.lastname@example.org
This communication contains future-related statements that are to some degree subject to risks and uncertainties. Future results may deviate considerably from those currently expected due to various risk factors and uncertainties such as changes in the business, economic and competitive situation, exchange rate fluctuations, uncertainties arising from legal disputes or investigative proceedings, and access to financial resources. MPC Capital AG assumes no responsibility whatsoever for updating the future-related statements contained in this communication.
09-Nov-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: English Company: MPC Münchmeyer Petersen Capital AG Palmaille 75 22767 Hamburg
Germany Phone: +49 (0)40 380 22-0 Fax: +49 (0)40 380 22-4878 E-mail: email@example.com Internet: www.mpc-capital.de ISIN: DE000A1TNWJ4 WKN: A1TNWJ Indices: Scale 30 Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange End of Announcement DGAP News Service
743821 09-Nov-2018 CET/CEST