MPC Capital's Third Quarter Shows Robust Growth

MPC Capital, focusing on maritime and energy infrastructure, reports strong performance in the first nine months of 2024. Key growth areas include a 16% rise in recurring management fees and a 33% increase in earnings before taxes (EBT) to EUR 20.4 million. The integration of the Zeaborn Group and strategic entry into the offshore wind service business contributed significantly to these results.

Transaction fees remained steady at EUR 5.5 million amidst a challenging environment. The co-investment portfolio also saw a boost, with income reaching EUR 22.5 million. The company expanded its asset base, adding USD 180 million worth of container ships, boosting management income.

MPC Capital launched a new investment platform for offshore vessels, emphasizing its focus on the global energy transition. Despite a dip in cash holdings due to investment activities, the company maintains a strong equity ratio of 85% and reaffirms its 2024 guidance, expecting consolidated revenues of around EUR 40 million.