The fiscal year 2013 was once again a record year for mutares with considerable growth in sales and earnings. The basis for this growth was the successful operational development of the portfolio and in particular the largest and most profitable exit from a portfolio company in the group’s history. The shareholders of mutares should benefit from this success through the proposed payout of a dividend of EUR 10.00 per share. At the end of 2013, the portfolio of mutares consisted of 9 companies spread across Europe with almost 2,700 employees.
In FY13, group sales increased by 15% from EUR 301.2m to EUR 347.0m compared to the previous year. The result of mutares AG was mainly driven by the successful exit from HIB Group – the largest and most profitable exit in the history of mutares. The net income of mutares AG increased from EUR 4.1m to EUR 26.6m and liquid funds rose from EUR 1.7m to EUR 24.6m. The high proceeds from the HIB exit and the subsequent record level of liquid funds enable the proposed dividend payment of EUR 10.00 per share.
Based on the current portfolio and the positive start into the new fiscal year characterised by a range of promising opportunities, mutares pursues a mid-term sales growth target of EUR 1.8b. This ambitious growth target will require a broader capital base. To set the course in due time, mutares is currently preparing the transfer to the Entry Standard of the Frankfurt Stock Exchange and to increase its free float.