Fifth exit in 2023: Mutares has signed an agreement to sell Special Melted Products to Cogne Acciai Speciali for an enterprise value of approximately EUR 180 million

Press ReleasesMay 5, 2023

• Expected fifth exit in the current year
• Transaction expected to close in Q2 2023
• Cogne Acciai Speciali to strengthen its market position with SMP business
• Successful implementation of full-scope turnaround in very short period
• Transaction will mark significant exit for Mutares starting to harvest the growth path of the last 3 years
• Net proceeds of up to EUR 150 million expected

Mutares has successfully completed the majority acquisition of BEW-Umformtechnik from Marigold Capital

Press ReleasesApril 28, 2023

• Add-on acquisition for Metals Group to strengthen the Automotive & Mobility segment
• Revenues of approx. EUR 55 million
• Forged parts manufacturer

Mutares SE & Co. KGaA: Net income for financial year 2022 increases by 44% to EUR 72.9 million and is expected to continue to grow strongly in 2023

Press ReleasesApril 6, 2023

• Mutares Holding’s revenues from consulting services and management fees increase to EUR 71.1 million (previous year: EUR 50.5 million)
• Net income of Mutares Holding for the financial year 2022 of EUR 72.9 million (previous year: EUR 50.7 million) within the expected range
• Resilient business model secures net income even in uncertain times
• Stable base dividend of EUR 1.00 per share planned (previous year: EUR 1.00), additional performance dividend of up to EUR 1.00 per share (previous year: EUR 0.50) dependent on further exit proceeds up to the Annual General Meeting
• Group revenues rise to EUR 3.8 billion (previous year: EUR 2.5 billion), Group EBITDA at EUR 181.5 million (previous year: EUR 566.5 million)
• Forecast for the financial year 2023: the Management Board expects net income of the Mutares Holding in the range of EUR 92 million to EUR 112 million on consolidated Group revenues of EUR 4.8 billion to EUR 5.4 billion

Mutares successfully placed EUR 100 million of the New Bond 2023/2027 and redeems the existing bond 2020/2024 ahead of schedule

Press ReleasesMarch 20, 2023

• Senior secured bond 2023/2027 with a volume of EUR 100 million placed
• Interest coupon in the amount of the 3-months EURIBOR plus a margin of 8.5% p.a.
• Early refinancing of bond 2020/2024
• Increasing financial flexibility for further portfolio diversification

First acquisition in 2023: Mutares signed agreement to acquire majority stake of BEW-Umformtechnik from Marigold Capital

Press ReleasesMarch 17, 2023

Add-on acquisition for PrimoTECS Group to strengthen the Automotive & Mobility segment Revenues of approx. EUR 55 million Producer of forged parts Munich, 17 March 2023 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has signed an agreement to acquire 87.5% of the BEW-Umformtechnik GmbH, a producer of highly stressed forged parts, from the majority […]