Mutares in the first half of 2020 with revenue growth of 40% due to brisk transaction activity, COVID-19 with negative impact on profitability

Mutares in the first half of 2020 with revenue growth of 40% due to brisk transaction activity, COVID-19 with negative impact on profitability

- Group revenues of EUR 620.5 million (H1 2019: EUR 443.2 million) - loss of revenues due to COVID-19 in the portfolio
- Group EBITDA of EUR 41.5 million (H1 2019: EUR 67.1 million) - four completed transactions lead to a gain on bargain purchases of EUR 65.8 million
- Adjusted EBITDA at Group level EUR -16.7 million (H1 2019: EUR 0.0 million) - negative earnings contributions from acquired companies and COVID-19 effects
- Cash and cash equivalents increase to EUR 109.3 million (31 December 2019: EUR 79.7 million) and offer scope for further value-enhancing investments
- Continued brisk transaction activity expected in the second half of 2020 and consolidated revenues of more than EUR 1.5 billion for the full year

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