Mutares SE & Co. KGaA

Earnings Release • Aug 6, 2014

News Details

Corporate | 6 August 2014 08:15

mutares AG – Preliminary half-year group figures at record level

mutares AG / Key word(s): Half Year Results/Preliminary Results

06.08.2014 / 08:15

---

In H1 2014, mutares AG (ISIN: DE000A0SMSH2) increased its total group revenues compared to the reference period by 111% to a record level of EUR 307.5m (H1 2013: EUR 145.8m). EBITDA increased in the reporting period by 55% to EUR 10.4m (H1 2013: EUR 6.7m).

Munich, August 06, 2014 – The Munich based restructuring specialist mutares, listed in the Entry Standard of the Frankfurt Stock Exchange, scored new records in sales and EBITDA in the first half of 2014. Based on preliminary figures, the consolidated revenues increased in the first half of 2014 compared to the reference period significantly by 111% to EUR 307.5m. This increase is primarily due to the primary consolidation of the portfolio companies Pixmania Group and STS Acoustics. EBITDA rose in the reporting period from EUR 6.7m to EUR 10.4m. In addition to the primary consolidation of the Pixmania Group, mainly the positive development of the existing portfolio has contributed to the EBITDA improvement. The positive development of the portfolio companies Artmadis and Elastomer Solutions is particularly noteworthy. Furthermore, EUPEC was able to continue its dynamic development through the acquisition of additional projects.

The balance sheet of mutares has been further strengthened in the first half of 2014: Group equity increased from EUR 37.9m at December 31, 2013 to EUR 39.6m at June 30, 2014. Net liquidity amounts to 62.6m at the reporting date (December 31, 2013: EUR 19.2m).

Restructuring of PIXmania is progressing

The Pixmania Group, a leading European e-commerce retailer based in Paris, is part of the mutares Group since January 01, 2014. In the first six months, significant restructuring milestones have already been set. On the cost side, numerous operational improvements have been made. These optimizations are already reflected in the result.

Positive outlook

The financial year 2014 will be another record year for mutares with expected group revenues of at least EUR 650m. The restructuring process of the Italian company STS Acoustics, which was acquired in 2013, is progressing rapidly. As a result, the enterprise has already become profitable at an operational level (EBITDA). The business development of the pipeline coating company EUPEC has been very positive as well. As a consequence, an earnings improvement can be expected compared to fiscal year 2013 on group level. On the transaction side, the management board expects intense activity in the second half of 2014 on the buy- and on the sell-side. The pipeline continues to be very well filled.

Company profile of mutares AG

mutares AG, Munich (www.mutares.de), acquires companies, or parts of companies that are sold in the course of reorganization by the owner and possess clear potential for operative improvement. mutares actively supports its portfolio companies with its own teams that have the objective to achieve a significant increase in value. Thereby, the main intention is the alignment of the company towards sustainable 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

Christoph Himmel

Investor Relations & Corporate Communications

Tel. +49 89 9292776-0

Fax +49 89 9292776-22

ir@mutares.de

www.mutares.de

---

06.08.2014 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.

Media archive at www.dgap-medientreff.de and www.dgap.de

---

280983  06.08.2014