Mutares SE & Co. KGaA

Earnings Release • May 7, 2024

Promising start to the year: Mutares increases net income of the Holding in the first quarter of 2024 thanks to successful exit - expansion into the growth market India initiated

Promising start to the year: Mutares increases net income of the Holding in the first quarter of 2024 thanks to successful exit - expansion into the growth market India initiated

Promising start to the year: Mutares increases net income of the Holding in the first quarter of 2024 thanks to a successful exit - expansion into the growth market India initiated

• Revenues from consulting services and management fees of Mutares Holding grew by 8% to EUR 29.3 million in the first quarter of 2024 (previous year: EUR 27.1 million)

• Net income of Mutares Holding reaches EUR 51.3 million in the first three months of 2024 (previous year: EUR 8.2 million), benefiting in particular from the exit of Frigoscandia

• Group revenues increase by 21% to EUR 1,346.1 million (previous year: EUR 1,108.0 million), Adjusted EBITDA improves to EUR 14.0 million (previous year: EUR 5.1 million)

• Successful tap issue of the bond with a volume of EUR 100 million in the first quarter of 2024

Please see attached PDF to view the full announcement.