€168.1m market cap
€10.85 last close
Founded and listed in 2008, mutares AG acquires special situation companies that are under performing and can be turned around through financial and operational restructuring. It currently owns 13 companies across five focus industries.
Mutares (MUX) continues to align its portfolio with the company’s core strategy and competencies. This includes the good progress in the turnaround of Balcke-Dürr, which clearly contributed to the improvement in adjusted group EBITDA to €4.5m (FY17: €-27.9m). Moreover, MUX further developed its engineering & technology segment through a new platform investment and several add-on acquisitions to existing platforms. Finally, it has deconsolidated unpromising entities from non-core segments which contributed negative results in FY18. MUX expects to acquire three additional companies and exceed €1bn in revenues in FY19.