Mutares increases consolidated revenues by 27% after nine months – largest exit in the Company’s history successfully completed in the third quarter
- Revenues from consulting services and management fees of Mutares Holding grow by 66% to EUR 75.5 million September year-to-date 2023 (previous year: EUR 45.5 million)
- Net income of Mutares Holding reaches EUR 101.3 million in the first nine months of 2023 (previous year: EUR 16.2 million), benefiting in particular from the exit of Special Melted Products (“SMP”) as the largest exit in the Company’s history
- Group revenues increase by 27% to EUR 3,402.5 million (previous year: EUR 2,677.6 million), Adjusted EBITDA improves to EUR 19.4 million (previous year: EUR -37.7 million)
- Fourth “Retail & Food” segment created1)