Mutares continues growth track
The Mutares Group (ISIN: DE000A0SMSH2) continued its growth track in the first nine months of 2017. The Group's revenues increased significantly by 42 percent to EUR 668.6m and its operating earnings (EBITDA) rose by 75 percent to EUR 17.9m. The strong results are reflected by a further increase of NAV to EUR 322.0m. During the first nine months of 2017, revenues of the Mutares Group increased significantly by 42 percent to EUR 668.6m (2016: 470.3m). Besides growth from acquisitions, the key drivers have been the organic growth at Zanders, Elastomer Solutions, and A+F.
The Group's operating earnings (EBITDA) likewise rose significantly by 75 percent to EUR 17.9m (2016: EUR 10.2m). The portfolio companies Zanders, Elastomer Solutions, and A+F have particularly stood out in the past nine months.
NAV as of Sept 30, 2017 Since the beginning of the year, NAV grew from EUR 307.9m by 4.6 percent to EUR 322.0m. The management expects further growth in Q4 2017.
Segment in mEUR Automotive 149.0 Engineering & Technology 62.4 Construction & Infrastructure 43.0 Wood & Paper 40.5 Consumer Goods & Logistics 12.0 Cash at Holding 15.1 Total 322.0
Main drivers for the positive development of NAV have been the progressing integration of the STS Group and therefore the realized synergies as well as the accomplished milestones in the repositioning of Balcke-Dürr.
Company profile of Mutares AG Mutares AG, Munich (www.mutares.de), acquires companies, that are being sold in the course of a repositioning process at their owners and that show a clear operational improvement potential. Getting engaged with its own teams, Mutares actively supports its portfolio companies to achieve a clear value increase. The focus of the operational work is to ensure sustainable, long-term growth. The shares of Mutares AG are listed on the Frankfurt Stock Exchange under the ticker symbol "MUX" (ISIN: DE000A0SMSH2).
For further information please contact:
Mutares AG Soh-Pih Mariette Nikolai Investor Relations & Corporate Communications Tel. +49 89 9292776-0 Fax +49 89 9292776-22 firstname.lastname@example.org www.mutares.de
07.11.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: English Company: mutares AG Arnulfstr.19 80335 Munich
Germany Phone: +49 (0)89-9292 776-0 Fax: +49 (0)89-9292 776-22 E-mail: email@example.com Internet: www.mutares.de ISIN: DE000A0SMSH2 WKN: A0SMSH Listed: Regulated Unofficial Market in Berlin, Stuttgart, Tradegate Exchange; Open Market (Scale) in Frankfurt End of News DGAP News Service