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Mutares (MUX)

Business description

Founded and listed in 2008, mutares AG acquires special situation companies that are under performing and can be turned around through financial and operational restructuring. It currently owns 13 companies across five focus industries.

Stock data

Market cap.€168.1m
Last close€10.85
High / Low (52 weeks)€20.8 / €10.3
Stock market listingDB
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamIndustrials
SectorGeneral Industrials

Price performance

%1m3m12m
Actual(8.4)(16.9)(11.6)
Relative *(6)(11.7)(11.5)

* % Relative to local index

Other companies in sector Show

Company news

Mecaplast sells truck business to Germany's Mutares AG

Wed, 11 Jan 2017 19:41:15 GMT

Mutares AG: High Transaction Activity Adds Momentum

Thu, 28 Sep 2017 10:52:30 GMT

mutares AG Acquires Paper Manufacturer Zanders GmbH; Will Retain Product Line

Wed, 05 Aug 2015 21:05:11 GMT

BRIEF-Wah Seong Corp updates on acquisition of Mutares Holding-16 AG

Wed, 15 Feb 2017 11:37:30 GMT

DGAP-News: mutares AG: mutares positions itself for future development

Thu, 15 Sep 2016 07:32:05 GMT

Investment summary

Successful turnarounds supported by add-on acquisitions allowed Mutares (MUX) to post record FY17 results. Improvements across the P&L resulted from profitable exits as well as bargain purchases. The shift in strategy towards platform investments is expected to further validate the benefits of the buy-and-build approach originally introduced in STS Group. MUX is now trying to replicate the concept for Balcke-Dürr Group and La Meusienne. Despite the recent positive developments, MUX’s shares have been under pressure and currently trade at a 30.0% discount to last reported NAV.

Last updated on 28/06/2018

Key management

Christoph Himmel, Managing Director / Head of IR

Company address

Arnulfstra├če 19
Munich
80335
Germany
+49-89-9292776-0
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