Mutares stock holds below its 52-week high after H1 gains

Mutares stock trades near EUR 25.60 after a 1.96 percent rise on August 28, 2026, while half-year 2026 adjusted EBITDA reached EUR 67 million and revenue was EUR 3.4 billion.

Mutares SE & Co. KGaA stock (ISIN DE000A0Z23Y2) traded at EUR 25.60 on Xetra and EUR 25.65 on Tradegate on August 28, 2026, after a 1.96 percent gain. The same coverage put market value at EUR 562 million and left the shares below the January 2026 peak.

Half-year numbers matter

In the first half of 2026, revenue came in at EUR 3.4 billion and adjusted EBITDA rose to EUR 67 million, a swing of more than EUR 150 million from the prior-year period. Adjusted net income was EUR 6 million versus EUR 70 million a year earlier, which shows how uneven the profit bridge remains even after the EBITDA rebound.

The first-half profile also matters for valuation because the current market cap of EUR 562 million sits against EUR 3.4 billion of revenue in the period. That gap keeps the balance between operational improvement and execution risk at the center of the story.

Deals keep shaping the tape

Recent coverage tied the share performance to a EUR 450 million transaction in Mutares's portfolio buildout, while another update said the board reaffirmed full-year guidance after the first-half figures. The same set of figures shows why investors are still watching exits and integrations, not just the headline profit line.

For context, the shares ended August 28, 2026 at EUR 25.95 in one market snapshot, still about 26 percent below the January high of EUR 35.15. That makes the stock's recovery dependent on whether the second-half pipeline translates into cash and earnings follow-through.

Portfolio pieces

One recent portfolio item is the technical thermoplastics business formerly linked to SABIC, a deal valued at USD 450 million in the coverage. Another transaction discussed in recent reporting was the planned divestment of NEM, with expected proceeds above EUR 100 million if the exit closes in the third quarter of 2026.

Those moves fit Mutares's model of buying, restructuring, and selling industrial assets, with Chemicals & Materials and Automotive & Mobility as the main operating lanes visible in the current reporting.

Stock level

Mutares stock closed in the EUR 25 area on August 28, 2026, with the latest snapshot showing EUR 25.60 on Xetra and EUR 25.65 on Tradegate. The quoted market cap was EUR 562 million as of August 28, 2026.

Fact box

Company: Mutares SE & Co. KGaA
ISIN: DE000A0Z23Y2
Ticker: MTR
Exchange: Xetra
Price (as of August 28, 2026, 4:43 p.m. local market time): EUR 25.60
Market cap: EUR 562 million (as of August 28, 2026)
Sector / Industry: Financials / Asset Management & Custody Banks
Index membership: SDAX