Mutares SE & Co. KGaA

Earnings Release • Aug 13, 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

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

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 2,610.4 million (H1 2023: EUR 2,273.6 million); Adjusted EBITDA at EUR 15.7 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

Please see attached PDF to view the full announcement.