May 9, 2017

mutares starts with strong numbers in Q1 2017

The mutares group (ISIN: DE000A0SMSH2) has achieved in Q1 2017 a significant revenue increase of 36 percent amounting to EUR 208.2m and very strong operating earnings (EBITDA) of EUR 21.5m. The Executive Board expects 2017 to become a record year with dynamic transaction activities in the coming months

In Q1 2017, the mutares group has increased its revenues by 36 percent to EUR 208.2m (Q1 2016: EUR 152.7m). The strong increase in revenues is driven particularly by STS (plus 59 percent in comparison to Q1 2016, including the recent add-on acquisition), Elastomer Solutions (13 percent) and Zanders (10 percent). A further revenue driver was the initial consolidation of Balcke-Dürr.

Operating earnings (EBITDA) amounted to EUR 21.5m (Q1 2016: EUR 4.2m). To be emphasized are significant improvements in operating earnings at A+F (plus 60 percent in comparison to Q1 2016), STS (53 percent) and Elastomer Solutions (40 percent). The highest profit contribution was generated through the sale of EUPEC Germany.

In order to inform investors more frequently about the operational development of the group’s segments, mutares will publish updates of the NAV quarterly. The strongest driver for the NAV was the outstanding development within the Automotive segment which outperformed the budget significantly.

Segment

NAV as of March 31, 2017 (in mEUR)

Automotive

113.1

Wood & Paper

39.3

Construction & Infrastructure

51.2

Engineering & Technology

66.4

Consumer Goods & Logistics

26.3

Net cash

20.9

Total

317.2

Due to the sustained attractive transaction pipeline the Executive Board anticipates three more transactions in the coming months. The Executive Board expects for 2017 a record year and sees mutares well positioned for the achievement of the growth targets.

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 listed on the Frankfurt Stock Exchange under the ticker symbol “MUX” (ISIN: DE000A0SMSH2).

For further information, please contact:

mutares AG
Soh-Pih Mariette Nikolai
Investor Relations & Corporate Communications
Tel. +49 89 9292776-0
Fax +49 89 9292776-22
ir@mutares.de
www.mutares.de