Mutares SE & Co. KGaA

Earnings Release • Nov 10, 2020

Mutares: 11 transactions in first nine months 2020 accelerate on growth trajectory, strong recovery in Q3, forecast 2020 confirmed

Mutares: 11 transactions in first nine months 2020 accelerate on growth trajectory, strong recovery in Q3, forecast 2020 confirmed

Mutares: 11 transactions in first nine months 2020 accelerate on growth trajectory, strong recovery in Q3, forecast 2020 confirmed

- Six acquisitions completed and two signed as well as three exits in first nine months 2020

- Group revenues grew 47% to EUR 1,073.3 million (Q3 2019 YTD: EUR 728.1 million) driven by accelerated M&A activities

- Consulting revenues at all-time high EUR 23.0 million in first three quarters 2020

- Group EBITDA increased 84% from EUR 73.3 million to EUR 134.7 million, benefiting from high transaction activity

- Adjusted EBITDA at Group level EUR -16.6 million (Q3 YTD 2019: EUR 5.8 million)

- Cash and cash equivalents increased to EUR 157.3 million (31 December 2019: EUR 79.7 million) offering scope for further value-enhancing investments

Please see attached PDF to view the full announcement.