In H1 2014, mutares AG (ISIN: DE000A0SMSH2) increased its total group revenues compared to the reference period by 111% to a record level of EUR 307.5m (H1 2013: EUR 145.8m). EBITDA increased in the reporting period by 55% to EUR 10.4m (H1 2013: EUR 6.7m).<\/p>\n
The Munich based restructuring specialist mutares, listed in the Entry Standard of the Frankfurt Stock Exchange, scored new records in sales and EBITDA in the first half of 2014. Based on preliminary figures, the consolidated revenues increased in the first half of 2014 compared to the reference period significantly by 111% to EUR 307.5m. This increase is primarily due to the primary consolidation of the portfolio companies Pixmania Group and STS Acoustics. EBITDA rose in the reporting period from EUR 6.7m to EUR 10.4m. In addition to the primary consolidation of the Pixmania Group, mainly the positive development of the existing portfolio has contributed to the EBITDA improvement. The positive development of the portfolio companies Artmadis and Elastomer Solutions is particularly noteworthy. Furthermore, EUPEC was able to continue its dynamic development through the acquisition of additional projects.<\/p>\n
The balance sheet of mutares has been further strengthened in the first half of 2014: Group equity increased from EUR 37.9m at December 31, 2013 to EUR 39.6m at June 30, 2014. Net liquidity amounts to 62.6m at the reporting date (December 31, 2013: EUR 19.2m).<\/p>\n
Restructuring of PIXmania is progressing<\/strong><\/p>\n The Pixmania Group, a leading European e-commerce retailer based in Paris, is part of the mutares Group since January 01, 2014. In the first six months, significant restructuring milestones have already been set. On the cost side, numerous operational improvements have been made. These optimizations are already reflected in the result.<\/p>\n Positive outlook <\/strong><\/p>\n The financial year 2014 will be another record year for mutares with expected group revenues of at least EUR 650m. The restructuring process of the Italian company STS Acoustics, which was acquired in 2013, is progressing rapidly. As a result, the enterprise has already become profitable at an operational level (EBITDA). The business development of the pipeline coating company EUPEC has been very positive as well. As a consequence, an earnings improvement can be expected compared to fiscal year 2013 on group level. On the transaction side, the management board expects intense activity in the second half of 2014 on the buy- and on the sell-side. The pipeline continues to be very well filled.<\/p>\n","protected":false},"excerpt":{"rendered":" In H1 2014, mutares AG (ISIN: DE000A0SMSH2) increased its total group revenues compared to the reference period by 111% to a record level of EUR 307.5m (H1 2013: EUR 145.8m). EBITDA increased in the reporting period by 55% to EUR 10.4m (H1 2013: EUR 6.7m). The Munich based restructuring specialist mutares, listed in the Entry […]<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[347],"tags":[],"class_list":["post-24804","post","type-post","status-publish","format-standard","hentry","category-press-releases"],"acf":[],"yoast_head":"\n