mutares with strong growth

Due to the further development of its portfolio mutares AG has increased revenues and profits in the fiscal year 2009/10 significantly. In the year ending March 31, 2010, group total output has reached € 78.7 mill. with operating profits (EBIT) of € 6.1 mill. To support its growing business mutares has extended its executive board by two new members.

mutares acquires divisions of large corporations that are being sold as non-core activities. “With total assets exceeding € 100 mill. the mutares group is well positioned for further turn-around investments” Robin Laik, Co-founder of mutares, explains. The portfolio companies from the automotive and engineering sector have shown a very positive progress over the past months. Annual sales growth has increased by more than 30%, thus supporting the repositioning of the companies.
Board member Dr. Geuer added, that the internal management of mutares has been adjusted to support the growing business. Starting from January 1, 2011, the Executive Board of mutares has been enlarged by Dr. Kristian Schleede, CFO, and Dr. Wolf Cornelius, Head of Operations.