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Mutares SE & Co. KGaA

Earnings Release • Aug 16, 2024

6316_rns_2024-08-16_1352e88a-2bc2-4ec8-9e83-29ad85c1b96a.html

Earnings Release

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Mutares Interim Financial Report 2024

Mutares increases consolidated revenues by 15% in the first half of the year and once again achieves positive Adjusted EBITDA – forecast for full year 2024 confirmed

- Group revenues increase by 15% to EUR 2,610 million (H1 2023: EUR 2,273.6 million); Adjusted EBITDA at EUR 7 million (H1 2023: EUR 41.2 million)

- Revenues of Mutares Holding increased to EUR 58.3 million in the first half of 2024 (H1 2023: EUR 52.1 million), net income of EUR 53.0 million in the first half of 2024 (H1 2023: EUR 13.2 million), boosted by the exit of Frigoscandia

- Setting the course for further internationalization and geographical expansion