MPC Capital’s overall performance in 2018 was rather subdued, affected by project delays and low transactional activity, as well as the write-down of a large legacy project. The latter, together with asset disposals, resulted in a decrease in assets under management (AUM) to €4.3bn. However, as MPC also attracted €0.8bn of institutional assets in FY18, the share of new, higher-yielding business in the current AUM has risen. Moreover, the company retained its solid cash positio
26 Feb 2019
MPC Capital - Slower project progress and asset write-offs
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MPC Capital - Slower project progress and asset write-offs
MPC Munchmeyer Petersen Capital AG (MPCK:ETR) | 0 0 1.7% | Mkt Cap: 185.6m
- Published:
26 Feb 2019 -
Author:
Milosz Papst -
Pages:
5
MPC Capital’s overall performance in 2018 was rather subdued, affected by project delays and low transactional activity, as well as the write-down of a large legacy project. The latter, together with asset disposals, resulted in a decrease in assets under management (AUM) to €4.3bn. However, as MPC also attracted €0.8bn of institutional assets in FY18, the share of new, higher-yielding business in the current AUM has risen. Moreover, the company retained its solid cash positio