Corporate | 11 January 2011 18:02
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Mutares AG / Key word(s): Final Results/Change of Personnel
mutares with strong growth Munich, January 11, 2010 Due to the further development of its portfolio mutares AG has increased sales and profits in the fiscal year 2009/10 significantly. In the year ending March 31, 2010, group output has reached EUR 78.7 mill. with profits (EBIT) of EUR 6.1 mill. To support its growing business mutares has extended its executive board by two new members.
mutares acquires divisions of large corporations that are being sold as non-core activities. "With total assets exceeding EUR 100 mill. the mutares group is well positioned for further turn-around investments" Robin Laik, co-founder of mutares, explains. The portfolio companies from the automotive and engineering sector have shown a very positive progress over the past months. Annual sales growth has increased by more than 30%, thus supporting the repositioning of the companies.
mutares AG, Munich (
www.mutares.de
), acquires midsized 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.
For further information please contact:
mutares AG
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