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DGAP-News: Mutares SE & Co. KGaA / Key word(s): Capital Markets Day
Mutares SE & Co. KGaA gives a detailed insight into the accelerated growth plans at the Capital Markets Day 2021
- Numerous opportunities on the buy and sell side enable a significant acceleration of growth
- Group revenue target for 2023 raised by 67% from EUR 3 billion to EUR 5 billion
- Medium- to long-term target for Mutares' net result of 1.8% - 2.2% of consolidated revenues
- Evaluation of further financing options on the capital market to maximize the growth opportunities that arise
Munich, 16 September 2021 - Mutares SE & Co. KGaA (ISIN: DE000A2NB650) ("Mutares") yesterday presented the key points of its new and significantly accelerated growth strategy at its Capital Markets Day. More than 150 investors, analysts and press representatives attended the Capital Markets Day, which was held in hybrid form as a face-to-face event at FIFTY HEIGHTS in Frankfurt/Main and online. Under the motto "Creating Value by Mastering Special Situations", the Management Board explained Mutares' accelerated growth strategy.
The current market environment is leading to a massive increase in opportunities for Mutares. "We want to grow further and faster, execute transactions in the order of Lapeyre, and achieve at least EUR 5 billion in revenues at Group level by the end of 2023. Mutares' net result should reach the target corridor of 1.8% - 2.2% of Group revenues in the medium to long term," says Johannes Laumann, CIO of Mutares. Therefore, the Management Board is currently examining various options to finance further strategic growth, including a capital increase with subscription rights combined with an uplisting to the regulated market of the Frankfurt Stock Exchange (Prime Standard). Mutares will make final decisions at a later date, depending on the market and other conditions. Hauck & Aufhäuser, Jefferies and Duxebridge Capital are acting as financial advisors to Mutares.
"The successes of the past 24 months clearly demonstrate what is feasible at Mutares with our value-oriented buy-and-build approach and our dynamic team. We want to and will use the dynamics of the market and our reputation to take the Mutares Group into a new revenue dimension and further expand our market position as a leading private equity investor for special situations," said Robin Laik, founder and CEO of Mutares, on the sidelines of the Capital Markets Day 2021.
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This announcement does not constitute financial analysis or advice or recommendation relating to financial instruments, nor is this announcement an offer to buy or a solicitation of an offer to buy securities in the United States of America ("United States"), Australia, Canada, Japan or any other jurisdiction in which an offer is restricted by law.
16.09.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
Mutares SE & Co. KGaA
+49 (0)89-9292 776-0
+49 (0)89-9292 776-22
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