mutares announces preliminary consolidated figures for record year 2014

The Munich-based mutares Group (ISIN: DE000A0SMSH2) closed FY 2014 with record high preliminary consolidated revenues and operating earnings, and an unprecedented cash and equity position.

According to preliminary consolidated figures (unaudited), mutares Group increased its revenues by 86.7% in FY 2014 to the record level of EUR 648.1m (2013: EUR 347.0m). Primary drivers were the newly acquired companies as well as the promising development at EUPEC. The mutares Group managed to grow its consolidated revenue for the sixth consecutive year.

The consolidated operating earnings (EBITDA) increased considerably to an all-time high of EUR 30.9m (2013: EUR 5.9m). In particular, the positive development at EUPEC contributed to this outstanding result. The successful turnaround of Artmadis and the significant restructuring progress at STS can be noted as additional highlights of the year.

The balance sheet of the mutares Group remains healthy and improved once again in FY 2014. Cash and cash equivalents increased by EUR 24.7m to the record level of EUR 69.8m (2013: EUR 45.1m). The Group’s equity increased by EUR 12.8m to EUR 50.7m (2013: EUR 37.9m); the equity ratio improved by 1.3pp to 12.6% (2013: 11.3%).

The Annual Report 2014 of the mutares Group will be published on April 15, 2015, together with the invitation to the Annual General Meeting.