Mutares SE & Co. KGaA

Earnings Release • Nov 7, 2024

Mutares increases consolidated revenues by 14% in the first nine months

Mutares increases consolidated revenues by 14% in the first nine months

Mutares increases consolidated revenues by 14% in the first nine months

• Revenues from consulting services and management fees of Mutares Holding grow by 12% to EUR 84.3 million in the first nine months of 2024 (previous year: EUR 75.5 million)

• Net income of Mutares Holding reaches EUR 53.5 million after the first nine months of 2024 (previous year: EUR 101.3 million) despite one-off expenses for the bond increase

• Group revenues increase by 14% to EUR 3,892.8 million (previous year: EUR 3,402.5 million); Adjusted EBITDA at EUR -16.5 million (previous year: EUR 19.4 million)

• New bond placed with investors for further growth and international expansion

• Successful IPO of defense subsidiary Steyr Motors in October

Please see attached PDF to view the full announcement.