Mutares has successfully completed the majority acquisition of BEW-Umformtechnik from Marigold Capital
- Add-on acquisition for Metals Group to strengthen the Automotive & Mobility segment
- Revenues of approx. EUR 55 million
- Forged parts manufacturer
Mutares publishes annual report 2022 and records renewed growth: Mutares Holding’s net income rises to record level of EUR 72.9 million in 2022 and is expected to continue to grow strongly in 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 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
- 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
Creditors of Walor International agree to the takeover terms proposed by Mutares
- Another important milestone under the exclusive negotiation period towards a potential transaction realisation in Q2 2023 has been reached
- Acquisition of Walor International would be the cornerstone of the consolidation activities of Mutares in the production of forged and machined metal parts in Europe
Mutares successfully placed EUR 100 million of the New Bond 2023/2027 and redeems the existing bond 2020/2024 ahead of schedule
- 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
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