Mutares again takes on sponsorships and donates to charitable organizations

Press ReleasesDecember 20, 2024

Mutares SE & Co. KGaA is once again sponsoring international non-profit organizations for Christmas.These include the Fundación Altius, which supports those affected by the flood disaster in Spain, the Red Cross Opole in Poland, the organization Stelp e.V., which provides international humanitarian aid, a children’s hospice in Munich and the Trösteteddysproject of Kinderhilfe Diekholzen. “Supporting […]

Mutares has completed the acquisition of Serneke Sverige from Serneke Group

Press ReleasesNovember 29, 2024

• Strengthening the Nordic presence and supporting Mutares Growth targets
• New platform investment to strengthen the Engineering & Technology segment
• Revenues of approx. EUR 700 million (approx. SEK 7.9 billion) in 2023
• Fourth largest general contractor in Sweden

Mutares increases consolidated revenues by 14% in the first nine months

Press ReleasesNovember 7, 2024

• Revenues from consulting services and management fees of Mutares Holding grow by 12% to EUR 84.3 million in the first nine months of 2024 (previous year: EUR 75.5 million)
• Net income of Mutares Holding reaches EUR 53.5 million after the first nine months of 2024 (previous year: EUR 101.3 million) despite one-off expenses for the bond increase
• Group revenues increase by 14% to EUR 3,892.8 million (previous year: EUR 3,402.5 million); Adjusted EBITDA at EUR -16.5 million (previous year: EUR 19.4 million)
• New bond placed with investors for further growth and international expansion
• Successful IPO of defense subsidiary Steyr Motors in October

Sixth exit in 2024: Mutares successfully takes Steyr Motors public

Press ReleasesOctober 30, 2024

• Listing of Steyr Motors in the Scale segment of the Frankfurt Stock Exchange
• Globally leading specialist for tailor-made engines in mission-critical special defense and civil applications¹ with an international customer base
• 60% of revenue² from defense applications
• Successful turnaround under Mutares’ leadership with an adjusted EBIT³ margin of 24% in the first nine months of 2024
• Mutares sells 21% stake in the company and remains majority shareholder with 70.9% ownership

Thirteenth acquisition in 2024: Mutares has signed an agreement to acquire the business of Buderus Edelstahl GmbH from the voestalpine AG

Press ReleasesOctober 23, 2024

• New platform investment to strengthen the Engineering & Technology segment
• Renowned German manufacturer of high-quality special steels
• EUR 360 million in revenues generated in the fiscal year 2023/2024
• Total assets of approx. EUR 200 million transferred