Mutares buys back EUR 10.40 million bond: Mutares stock gains 2.36 percent

Published on 10/02/2026 at 14:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Mutares targets EUR 9.1 billion revenue in fiscal 2026. Mutares stock costs EUR 24.75 on October 2, 2026 after EUR 24.18, plus 2.36 percent.

Moderne Glas-Bürozentrale in München bei Sonnenuntergang mit Passanten auf der Plaza — Fotorealistische Bürozentrale in München symbolisiert Mutares SE & Co. KGaA, ISIN DE000A0Z23Y2, im warmen Abendlicht, Illustration mit AI erstellt.

Mutares (ISIN DE000A2NB650) bought back EUR 10.40 million of its 2023/2027 Nordic Bond on October 1, 2026, while Mutares stock was trading at EUR 24.75 at Lang & Schwarz on October 2, 2026, up 2.36 percent versus the EUR 24.18 prior close. BondGuide reported that the repurchase reduced the bond's nominal volume to EUR 222.00 million ahead of a planned refinancing in the fourth quarter of 2026.

Debt reduction precedes refinancing

The repurchase covered bonds with a total nominal value of EUR 10.40 million, below the EUR 25.00 million maximum set in the September 25 offer. The company said the bond refinancing is planned for the fourth quarter of 2026, making the remaining EUR 222.00 million a central balance-sheet figure for the next financing step.

The transaction is part of a broader liability-management plan rather than an operating acquisition. Mutares also expects settlement on October 2, 2026, a date that places the cash payment close to the latest share-price snapshot.

First-half EBITDA turns positive

For the first half of 2026, group revenue rose 9.00 percent to EUR 3.4 billion, according to Boerse Global on September 8, 2026. Adjusted EBITDA improved from a EUR 89.00 million loss in the first half of 2025 to EUR 67.00 million in the first half of 2026, a EUR 156.00 million year-over-year improvement.

The operating shift gives the debt transaction a different context: refinancing terms will be assessed alongside an operating result that has moved into positive territory. The portfolio company model still depends on further restructuring and exits, so revenue growth alone does not determine the holding company's cash generation.

Guidance remains wide for 2026

Mutares continues to guide for group revenue of EUR 7.9 billion to EUR 9.1 billion and net holding profit of EUR 165 million to EUR 200 million for fiscal 2026, figures listed on the company's Mutares investor relations page. The revenue range is EUR 1.2 billion wide, leaving execution of exits and portfolio improvements as the key swing factor.

The next scheduled reporting date is November 12, 2026, when Mutares plans to publish its third-quarter 2026 report. The date is listed in the investor-relations calendar and gives the market a defined checkpoint for the refinancing and portfolio strategy.

Stock remains below its yearly high

Mutares stock was trading at EUR 24.75 at Lang & Schwarz on October 2, 2026 at 2:17 p.m. CEST, compared with a EUR 24.18 prior close. Finance data put the market capitalization at EUR 540.3 million and the 52-week range at EUR 23.25 to EUR 35.10 as of October 2, 2026, leaving the share EUR 10.35 below its yearly high.

The shares trade on the Frankfurt Stock Exchange under ticker MUX and are included in the SDAX. The further course of trading is shown by the continuously updated real-time quote of Mutares stock.