mutares again with strong growth

Due to the further expansion of its portfolio mutares AG recorded a satisfactory growth in sales and earnings in the short financial year 2012. In the period from April 1, 2012 until December 31, 2012, group sales have reached EUR 301.2m (previous year EUR 159.3m) and operating profit (EBITDA) EUR 22.4m (previous year EUR 18.5 m).

This is due to the acquisition and integration of three new investments. mutares held on December 31, 2012 eleven investments in Europe with more than 3.000 employees.

“With total assets exceeding EUR 301m and equity of EUR 50m the mutares group is well positioned for further growth in the turn-around business” Dr. Axel Geuer, Co-founder of mutares, explains.

The general shareholder meeting of mutares AG, held on Friday, 19th of July 2013 in Munich, accepted all the proposals from the administration. Attending shareholders amounted to 90,7 percent of the share capital. As proposed by the administration, the shareholder meeting agreed to pay a dividend of EUR 4.08 per share.