Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MUTARES SE & CO. KGAA

(MUX)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Fifth exit this year: Mutares has signed an agreement to sell Cenpa to Accursia Capital

07/12/2021 | 12:35pm EDT

Munich, 12 July 2021 - Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has signed an agreement to sell its subsidiary Cenpa to Accursia Capital. The transaction is expected to close in Q3 2021.

Cenpa is located in Schweighouse-sur-Moder, France and is a producer of coreboard for the European packaging and hygiene markets. The company was acquired by Mutares in 2016 from the Sonoco Group and today employs ca. 90 employees and is expected to generate revenues of approx. EUR 30 million in 2021.

Mutares quickly and successfully restructured the company after its acquisition in 2016 and achieved a positive EBITDA and a positive cash flow over 2018-2020. The key turnaround levers were the strengthening of the staff, the commercial expansion to new geographies and the acquisition of new clients, the investment in a paper machine, the award of the environmental FSC® label, and the launch of new high-end products. Today Accursia wants to build on these measures to further strengthen Cenpa's market positioning.

Robin Laik, CEO of Mutares, commented: 'I am very proud of what our team together with the local management has achieved. With Accursia, we have found the best new owner who wants to strengthen and expand its packaging division.'

This marks the second transaction with Accursia Capital in the packaging industry after the sale of KLANN last year in May and underlines the smooth and professional transaction capacity of the Mutares team. The sale of Cenpa is one step forward towards the optimization of the Mutares portfolio in order to reach the Company's goal of growing Group revenues to EUR 3.0 billion by 2023.

Disclaimer

Mutares SE & Co. KgaA published this content on 12 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 July 2021 16:34:00 UTC.


ę Publicnow 2021
All news about MUTARES SE & CO. KGAA
09/16MUTARES : Targets $5.9 Billion Group Sales for 2023
MT
09/16MUTARES : gives a detailed insight into the accelerated growth plans at the Capi..
PU
09/16MUTARES : gives a detailed insight into the accelerated growth plans at the Capi..
EQ
09/16PRESS RELEASE : Mutares SE & Co. KGaA gives a detailed insight into the accelera..
DJ
09/09MUTARES : Earnings Report for Mutares SE & Co. KGaA for H1 2021
PU
09/07MUTARES : Increased guidance until 2023 with target of EUR 5 billion for Group r..
PU
09/07MUTARES : Presentation Earnings Call for H1 2021
PU
09/07MUTARES WITH HIGH MOMENTUM : Record revenues in the first half of 2021 and incre..
PU
09/07MUTARES WITH HIGH MOMENTUM : Record revenues in the first half of 2021 and incre..
EQ
09/07PRESS RELEASE : Mutares with high momentum: Record revenues in the first half of..
DJ
More news
Financials
Sales 2021 2 238 M 2 622 M 2 622 M
Net income 2021 237 M 277 M 277 M
Net Debt 2021 130 M 152 M 152 M
P/E ratio 2021 2,32x
Yield 2021 5,35%
Capitalization 446 M 524 M 523 M
EV / Sales 2021 0,26x
EV / Sales 2022 0,17x
Nbr of Employees 15 515
Free-Float 57,0%
Chart MUTARES SE & CO. KGAA
Duration : Period :
Mutares SE & Co. KGaA Technical Analysis Chart | MUX | DE000A2NB650 | MarketScreener
Technical analysis trends MUTARES SE & CO. KGAA
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 4
Last Close Price 28,95 €
Average target price 31,38 €
Spread / Average Target 8,38%
EPS Revisions
Managers and Directors
Robin Laik Chief Executive Officer
Mark Friedrich Chief Financial Officer
Volker Rofalski Chairman-Supervisory Board
Christian Bardorsch Manager-Information Technology
Kristian Schleede Chief Operating & Restructuring Officer
Sector and Competitors
1st jan.Capi. (M$)
MUTARES SE & CO. KGAA84.39%524
BLACKSTONE INC.106.19%87 737
KKR & CO. INC.64.19%38 760
LEGAL & GENERAL PLC5.18%22 855
THE CARLYLE GROUP INC.62.44%18 232
AMUNDI12.95%17 929