Mutares SE & Co. KGaA

Earnings Release • May 9, 2017

News Details

Corporate | 9 May 2017 08:20

mutares starts with strong numbers in Q1 2017

DGAP-News: mutares AG / Key word(s): Quarter Results/Quarterly / Interim Statement

09.05.2017 / 08:20

The issuer is solely responsible for the content of this announcement.

---

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

---

09.05.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

Archive at www.dgap.de

---

Language:	English
Company:	mutares AG
	Arnulfstr.19
	80335 Munich
	Germany
Phone:	+49 (0)89-9292 776-0
Fax:	+49 (0)89-9292 776-22
E-mail:	ir@mutares.de
Internet:	www.mutares.de
ISIN:	DE000A0SMSH2
WKN:	A0SMSH
Listed:	Regulated Unofficial Market in Berlin, Stuttgart, Tradegate Exchange; Open Market (Scale) in Frankfurt

End of News	DGAP News Service