08.11.2016 08:30:01
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DGAP-News: mutares AG
DGAP-News: mutares shows strong figures in Q3 2016
08.11.2016 / 08:30 The issuer is solely responsible for the content of this announcement.
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In the third quarter of 2016, the mutares Group (ISIN: DE000A0SMSH2) generated revenues of EUR 159.3m and operating earnings (EBITDA) of EUR 4.2m. The management expects dynamic M&A activities in the coming three months.
In Q3 2016, the mutares Group kept revenues almost stable at EUR 159.3m (Q3 2015: EUR 163.7m) despite of the deconsolidation of significant exits. The portfolio companies STS Acoustics, Elastomer Solutions, and Geesinknorba achieved again strong organic growth. The consolidated operating earnings (EBITDA) amounted to EUR 4.2m (Q3 2015: EUR 6.3m). STS Acoustics, Elastomer Solutions, A+F, and Zanders improved significantly in Q3 2016.
Due to the sharpened investment focus on platform and add-on investments and the resulting sustainably attractive transaction pipeline, dynamic M&A activities can be expected. The management perceives mutares as being well prepared to achieve its growth targets.
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 traded in the Open Market of the Frankfurt Stock Exchange (Entry Standard) under the 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 ir@mutares.de www.mutares.de
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08.11.2016 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.de
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Language: 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: ir@mutares.de Internet: www.mutares.de ISIN: DE000A0SMSH2 WKN: A0SMSH Listed: Regulated Unofficial Market in Berlin, Stuttgart, Tradegate Exchange; Open Market (Entry Standard) in Frankfurt End of News DGAP News Service ---------------------------------------------------------------------------
518217 08.11.2016
DGAP-News: mutares AG / Key word(s): 9-month figures/Quarter Results mutares shows strong figures in Q3 2016
08.11.2016 / 08:30 The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
In the third quarter of 2016, the mutares Group (ISIN: DE000A0SMSH2) generated revenues of EUR 159.3m and operating earnings (EBITDA) of EUR 4.2m. The management expects dynamic M&A activities in the coming three months.
In Q3 2016, the mutares Group kept revenues almost stable at EUR 159.3m (Q3 2015: EUR 163.7m) despite of the deconsolidation of significant exits. The portfolio companies STS Acoustics, Elastomer Solutions, and Geesinknorba achieved again strong organic growth. The consolidated operating earnings (EBITDA) amounted to EUR 4.2m (Q3 2015: EUR 6.3m). STS Acoustics, Elastomer Solutions, A+F, and Zanders improved significantly in Q3 2016.
Due to the sharpened investment focus on platform and add-on investments and the resulting sustainably attractive transaction pipeline, dynamic M&A activities can be expected. The management perceives mutares as being well prepared to achieve its growth targets.
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 traded in the Open Market of the Frankfurt Stock Exchange (Entry Standard) under the 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 ir@mutares.de www.mutares.de
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08.11.2016 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.de
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Language: 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: ir@mutares.de Internet: www.mutares.de ISIN: DE000A0SMSH2 WKN: A0SMSH Listed: Regulated Unofficial Market in Berlin, Stuttgart, Tradegate Exchange; Open Market (Entry Standard) in Frankfurt End of News DGAP News Service ---------------------------------------------------------------------------
518217 08.11.2016
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