Mutares SE & Co. KGaA: Annual General Meeting approves dividend of EUR 2.25 per share – focus on global expansion in attractive markets

  • Distribution of a dividend of EUR 2.25 per share (previous year: EUR 1.75) resolved with 99.98% approval
  • High level of approval of all agenda items
  • Forecast for the fiscal year 2024 confirmed
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Sixth acquisition in 2024: Mutares has signed an agreement to acquire Cikautxo Rubber & Plastic Components (Kunshan) Co., Ltd. from CIKAUTXO S.COOP.

  • New add-on investment to strengthen the SFC Group, part of Amaneos
  • Specialist in the development and production of rubber and plastic components for automotive and household appliance industries
  • First deal from Shanghai office right after the office opening
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Mutares has successfully completed the acquisition of FSL Ladenbau GmbH

  • Leading shopfitting provider with strong presence in Northern Germany
  • Add-on acquisition to strengthen the Ganter Group with synergies within the range of customers and supply chain
  • Revenues of approx. EUR 15 million planned in 2024
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Third exit in 2024: Mutares has entered into exclusive negotiations for the sale of Repartim group to an institutional investor

Munich, May 31, 2024 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has entered into exclusive negotiations for the sale of its portfolio company Repartim to an institutional investor. In accordance with French law, a consultation process is currently taking place between the respective employee representatives of Repartim and the investor. The closing of the […]

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Fifth acquisition in 2024: Mutares has signed an agreement to acquire FSL Ladenbau GmbH

  • Add-on acquisition to strengthen the Ganter Group with synergies within the range of customers and supply chain
  • Leading shopfitting provider with strong presence in Northern Germany
  • Revenues of ca. EUR 15 million planned in 2024
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Second exit in 2024: Mutares has successfully sold iinovis Group to Accursia Capital

Munich, May 8, 2024 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully sold its portfolio company iinovis Group to Accursia Capital. iinovis, headquartered in Munich, Germany, is a automotive and industrial engineering service provider. The company generated revenues of approx. EUR 33 million in 2023 and employs over 350 employees at four sites […]

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Promising start to the year: Mutares increases net income of the Holding in the first quarter of 2024 thanks to successful exit – expansion into the growth market India initiated

  • Revenues from consulting services and management fees of Mutares Holding grew by 8% to EUR 29.3 million in the first quarter of 2024 (previous year: EUR 27.1 million)
  • Net income of Mutares Holding reaches EUR 51.3 million in the first three months of 2024 (previous year: EUR 8.2 million), benefiting in particular from the exit of Frigoscandia
  • Group revenues increase by 21% to EUR 1,346.1 million (previous year: EUR 1,108.0 million), Adjusted EBITDA improves to EUR 14.0 million (previous year: EUR 5.1 million)
  • Successful tap issue of the bond with a volume of EUR 100 million in the first quarter of 2024
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Mutares has successfully completed the acquisition of a majority stake in Sofinter Group

  • Leading global provider of industrial and utility boilers with a strong positioning in the Heat Recovery Steam Generation (HRSG) segment
  • Significant synergies expected with other Mutares portfolio companies in the segment Engineering & Technology, including NEM Energy Group
  • Revenues of over EUR 200 million in 2023
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Fourth acquisition in 2024: Mutares has successfully completed the acquisition of Greenview Group Holdings Ltd from Cordovan Capital Management Ltd and its current management

  • New platform investment to strengthen the Goods & Services segment
  • Provider of mechanical, electrical, heating and sustainable energy solutions in the UK and Ireland
  • Revenues of approx. EUR 45 million expected in financial year to March 2025
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Mutares publishes annual report 2023: Net income of Mutares Holding increases to EUR 102.5 million – Further increase to between EUR 108 million and EUR 132 million expected for fiscal year 2024

  • Net income of Mutares Holding for fiscal year 2023 increases by 41% to EUR 102.5 million (previous year: EUR 72.9 million); Revenues of Mutares Holding grow by 46% to EUR 103.6 million (previous year: EUR 71.1 million)
  • Dividend planned to increase by 29% to EUR 2.25 per share for fiscal year 2023 (previous year: EUR 1.75)
  • Group revenues increase by 25% to EUR 4,689.1 million (previous year: EUR 3,751.7 million), Group EBITDA at EUR 756.9 million (previous year: EUR 181.5 million), boosted by effects from the transactions
  • Adjusted EBITDA of EUR 3.5 million (previous year: EUR -32.7 million) reflects the progress made in restructuring and developing the portfolio
  • Early refinancing and placement of a new senior secured floating rate bond with a current total volume of EUR 250 million
  • Forecast for the net income of Mutares Holding for the fiscal year 2024 of EUR 108 million to EUR 132 million with expected Group revenues of EUR 5.7 billion to EUR 6.3 billion
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