mutares AG announces its consolidated results for the short fiscal year 2012

The short fiscal year 2012 was once more very encouraging for the mutares group, and could, even though its shortened period of 9 months, be completed with a significant growth in sales and earnings. The basis of this growth was in particular the acquisition and integration of three new portfolio companies.

During the period from April 1, 2012 to December 31, 2012 group sales increased compared to the previous year by 89% from EUR 159.3m to EUR 301.2m whereas its operating profit (EBITDA) increased by 21% from EUR 18.5m to EUR 22.4m. The net income increased by 10% from EUR 8.6m to EUR 9.5m compared to the previous year. Sales and net income were increased the fourth year in a row.

To involve the shareholders in the success of mutares group we propose to the annual general meeting a dividend of EUR 4.08 per share.

We are confident to continue the positive development of mutares AG in the new financial year. This confidence is mainly based on the success of the initiated restructuring with expected increases in operational results for the portfolio companies acquired in 2012 as well as the prospects of new acquisitions to expand our portfolio.

In April 2013 of the new fiscal year the photovoltaic business was acquired from the Diehl group as part of an asset deal. In the fiscal year 2012 this business was able to reach sales of approximately EUR 50m. The company develops and distributes inverters for solar modules.