Detailed statement by Mutares on the Gotham City research report and the short attack as well as the allegations made therein

Munich, September 27, 2024 – The Management Board of Mutares Management SE, the general partner of Mutares SE & Co. KGaA (ISIN: DE000A2NB650) (“Mutares”), has received the report of Gotham City Research on September 26, 2024, and issues the following detailed statement following an initial statement: The report published by Gotham City Research on September […]

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Supervisory Board of Mutares extends CEO Robin Laik’s Management Board contract prematurely by a further five years

Munich, September 27, 2024 – The Supervisory Board of Mutares Management SE, the general partner of Mutares SE & Co. KGaA (ISIN: DE000A2NB650) (“Mutares”), today extended the contract with the Chief Executive Officer (CEO) and founder of Mutares SE & Co. KGaA for a further five years until December 31, 2029. Robin Laik founded the […]

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Mutares’ first statement on Gotham City’s research report and the short attack – insight into current business performance and short and medium-term outlook

Munich, 26 September 2024 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) (“Mutares”) has today received the report of Gotham City Research and issues the following initial statement: Commercial interest of Gotham City Research in falling prices to maximize its own profit (short position) One-sided negative interpretation of Mutares’ strategy and selected business transactions Successful […]

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Mutares successfully placed a new secured bond with a volume of EUR 135 million

  • Bond issue meets high investor demand thanks to Mutares’ successful track record
  • International expansion enables dynamic growth and portfolio expansion
  • Opportunities with revenues volume of EUR 4.9 billion in the pipeline
  • Short and medium-term growth targets confirmed
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Mutares has completed the acquisition of fischer automotive systems GmbH & Co. KG from fischerwerke GmbH & Co. KG

  • Automotive supplier of kinematic components and high-quality system solutions for vehicle interiors and exteriors
  • New platform investment to strengthen the Automotive & Mobility segment
  • Revenues of around EUR 200 million expected in fiscal year 2024
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Mutares increases consolidated revenues by 15% in the first half of the year and once again achieves positive Adjusted EBITDA – forecast for full year 2024 confirmed

  • Group revenues increase by 15% to EUR 2,610 million (H1 2023: EUR 2,273.6 million); Adjusted EBITDA at EUR 7 million (H1 2023: EUR 41.2 million)
  • Revenues of Mutares Holding increased to EUR 58.3 million in the first half of 2024 (H1 2023: EUR 52.1 million), net income of EUR 53.0 million in the first half of 2024 (H1 2023: EUR 13.2 million), boosted by the exit of Frigoscandia
  • Setting the course for further internationalization and geographical expansion
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Eleventh acquisition in 2024: Mutares has successfully completed the acquisition of Wilda Transport och Entreprenad AB and NU Entreprenad AB from Wilton Invest AB

  • Providers of construction goods transportation, winter and summer operations, small construction works, and traffic safety services in Sweden
  • New add-on investment to strengthen Terranor AB
  • Revenues of approx. EUR 10 million (approx. SEK 120 million) in 2023
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Tenth acquisition in 2024: Mutares has completed the acquisition of KmB Technologie GmbH from EMAG Industrial GmbH and Scherer Holding GmbH

  • Add-on acquisition for FerrAl United Group to strengthen the Automotive & Mobility segment
  • Revenues of around EUR 50 million in 2023
  • Manufacturer of high-quality components for the automotive and mechanical engineering sector
  • First deal of the Vienna office in 2024
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Ninth acquisition in 2024: Mutares has completed the acquisition of Hirschvogel Incorporated from Hirschvogel Holding GmbH

  • First deal in USA right after the office opening in Chicago supporting Mutares’ growth targets and highlighting the strategic importance of the expansion into the US
  • Add-on investment to strengthen the FerrAl United Group
  • Specialist in the forging and machining of steel parts for OEMs and Tier-1 suppliers
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Eighth and largest acquisition in 2024: Mutares has signed an agreement to acquire Serneke Sverige from Serneke Group

  • 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
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