Mutares Soars in Q1 2024: Net Income Boosted by Successful Exit, Eyes India Expansion

• Mutares Holding's revenues from consulting services and management fees grew by 8% to EUR 29.3 million in Q1 2024.
• Net income of Mutares Holding reached EUR 51.3 million in Q1 2024, benefiting from the exit of Frigoscandia.
• Group revenues increased by 21% to EUR 1,346.1 million, and Adjusted EBITDA improved to EUR 14.0 million.
• Mutares issued a bond with a volume of EUR 100 million in Q1 2024.
• Mutares initiated expansion into the growth market India.
• The company completed two transactions on the exit side and closed the acquisitions of PRINZ Kinematics from AL-KO and Temakinho from Cigierre in Q1 2024.

The next important date, Publication of Quarterly Report (Cut-off date Q1), at mutares is on 07.05.2024.

The price of mutares at the time of the news was 43,23EUR and was up +0,12 % compared with the previous day.
15 minutes after the article was published, the price was 43,18EUR this corresponds to a minus of -0,12 % since publication.
At this time, the index SDAX was at 14.537,07PKT (+0,62 %).

mutares

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ISIN:DE000A2NB650WKN:A2NB65

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