Mutares

DB: MUX

€135.3m market cap

€8.73 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.

Investment summary

Mutares (MUX) specializes in restructuring distressed companies and has been very active in M&A this year, with seven deals announced to date. It has concluded two platform investments in the automotive and mobility segment and acquired two goods and services platforms. This provides additional diversification following the stronger focus on expanding the engineering and technology business in FY18. That said, the latter remains MUX’s key value driver for now (64% of NAV at end-June 2019) and was further expanded by three add-on acquisitions to the Donges Group completed so far in FY19.

Sector
Industrials
Share price graph
Price performance
%
1m
3m
12m
Actual 2.7 (16.1) (12.0)
Relative* (3.4) (17.1) (13.7)
52-week high/low €12.0/€8.4
*% relative to local index
Key management
Corinna Lumpp Manager Strategy & IR

Content on Mutares