Ad-hoc: Mutares AG subsidiary STS Group AG plans IPO

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Mutares AG (ISIN: DE000A0SMSH2) plans IPO of its subsidiary STS Group AG in 2018.

STS Group AG is a leading global supplier of soft and hard trim components to the automotive industry and develops, produces and sells plastic components, systems and acoustic parts, primarily for light and heavy commercial vehicles and passenger cars. In the 2017 financial year, which was characterized in particular by strong external growth due to the acquisition of the Truck Business of the Plastic Omnium Group and the acquisition of the Autoneum Group’s production facility in Brazil, STS Group generated on the basis of preliminary, unaudited pro forma figures, taking into account the aforementioned acquisitions, revenue of approximately EUR 425 million and adjusted EBITDA of EUR around 24 million.

The Management Board and Supervisory Board of Mutares AG today decided to plan a listing of STS Group AG in the regulated market of the Frankfurt Stock Exchange (Prime Standard). The offer is to include the issue of new shares of STS Group from a cash capital increase with a volume of approximately EUR 50 million. In addition to the planned capital increase, a secondary sale of shares from Mutares AG’s shareholding should enable a sufficient free float. Mutares will remain the majority shareholder of STS Group after the IPO.

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Company profile of Mutares AG

Mutares AG, Munich (www.mutares.de), acquires medium-sized companies and parts of groups with headquarter in Europe that are being sold in the course of a repositioning process at their owners and show a clear potential for operational improvement. Mutares actively supports and develops its portfolio companies with its own investment and consulting teams as well as through acquisitions of strategic add-ons. The aim is to achieve a clear value increase with a focus on sustainable, long-term growth of the portfolio company. In 2018, Mutares’ portfolio companies generated consolidated revenues of EUR 865 million and employed more than 4,700 people worldwide. The shares of Mutares AG are listed on Frankfurt Stock Exchange under the ticker symbol “MUX” (ISIN: DE000A2NB650).