Corporate | 10 May 2016 09:14
mutares increases again profitability in the first quarter 2016
|
DGAP-News: mutares AG / Key word(s): Quarter Results/Quarterly / Interim Statement
The mutares Group (ISIN: DE000A0SMSH2) increased its operating earnings (EBITDA) to EUR 4.4m by generating revenues of EUR 152.7m in the first quarter. The management expects 2016 to be another record year driven by dynamic M&A activities in the coming months. In Q1 2016, the mutares Group generated revenues of EUR 152.7m (Q1 2015: EUR 169.9m). The development of revenues was effected by the deconsolidation of the recent exits. The operative result (EBITDA) increased to EUR 4.4m (Q1 2015: EUR 4.2m), mainly due to the operational progress of portfolio companies acquired in 2015. This reflects and proves again the group’s operational capability as well as the restructuring competence of mutares. For the coming months, a dynamic M&A activities can be expected due to mutares’ attractive transaction pipeline. Therefore, the management anticipates 2016 to be another record year. 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
2016-05-10 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
|