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MarketScreener Homepage  >  Equities  >  Xetra  >  Mutares SE & Co. KGaA    MUX   DE000A2NB650

MUTARES SE & CO. KGAA

(MUX)
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Mutares SE & Co. KGaA: Mutares successfully completes the acquisition of the German Metallurgie Business from Nexans

11/02/2020 | 12:55am EST

DGAP-News: Mutares SE & Co. KGaA / Key word(s): Investment/Takeover
Mutares SE & Co. KGaA: Mutares successfully completes the acquisition of the German Metallurgie Business from Nexans

02.11.2020 / 06:55
The issuer is solely responsible for the content of this announcement.


Mutares successfully completes the acquisition of the German Metallurgie Business from Nexans

- New platform strengthens the Engineering & Technology segment

- High synergies with existing portfolio

- Leading oxygen free copper drawing manufacturer for diversified industries with automotive focus with approx. EUR 120 million expected revenues in 2020

- The company now operates under Lacroix + Kress GmbH

 

Munich, 02 November, 2020 - Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of the German Metallurgie Business of Nexans. The company with manufacturing locations in Bramsche and Neunburg, Germany is now operating under the name Lacroix + Kress GmbH.

The German based company employs approximately 250 employees at its two manufacturing sites and serves major first and second tier customer bases for the automotive industry, white goods and general industrial applications. In 2020 the company expects revenues of approx. EUR 120 million.

As a new platform investment Lacroix + Kress fosters significant synergies across segments for the existing portfolio company Plati and thus creates the opportunity to accelerate growth potential and profitability in both companies.

Company profile Mutares SE & Co. KGaA

Mutares SE & Co. KGaA, Munich (www.mutares.com), acquires medium-sized companies and parts of groups with headquarter in Europe that are being sold in the course of a repositioning process at their owners and show a clear potential for operational improvement. Mutares actively supports and develops its portfolio companies with its own investment and consulting teams as well as through acquisitions of strategic add-ons. The aim is to achieve a clear value increase with a focus on sustainable, long-term growth of the portfolio company. In 2019, Mutares' portfolio companies generated consolidated revenues of EUR 1,016 million and employed more than 6,500 people worldwide. The shares of Mutares SE & Co. KGaA are listed on Frankfurt Stock Exchange under the ticker symbol "MUX" (ISIN: DE000A2NB650).

For further information please contact us:

Mutares SE & Co KGaA
Investor Relations
Phone +49 89 9292 7760
email: ir@mutares.com
www.mutares.com

Press contact
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Phone +49 89 125 09 0333
Email: sh@crossalliance.com
www.crossalliance.com

 



02.11.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: Mutares SE & Co. KGaA
Arnulfstr.19
80335 Munich
Germany
Phone: +49 (0)89-9292 776-0
Fax: +49 (0)89-9292 776-22
E-mail: ir@mutares.de
Internet: www.mutares.de
ISIN: DE000A2NB650
WKN: A2NB65
Indices: Scale 30
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1144352

 
End of News DGAP News Service

1144352  02.11.2020 

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© EQS 2020
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Financials
Sales 2020 1 685 M 2 035 M 2 035 M
Net income 2020 58,9 M 71,1 M 71,1 M
Net Debt 2020 198 M 239 M 239 M
P/E ratio 2020 8,89x
Yield 2020 7,28%
Capitalization 241 M 291 M 291 M
EV / Sales 2020 0,26x
EV / Sales 2021 0,21x
Nbr of Employees 12 500
Free-Float 58,3%
Chart MUTARES SE & CO. KGAA
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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 OUTPERFORM
Number of Analysts 4
Average target price 22,33 €
Last Close Price 15,80 €
Spread / Highest target 51,9%
Spread / Average Target 41,4%
Spread / Lowest Target 26,6%
EPS Revisions
Managers and Directors
NameTitle
Robin Laik Chief Executive Officer
Volker Rofalski Chairman-Supervisory Board
Mark Friedrich Chief Financial Officer
Micha Bloching Member-Supervisory Board
Lothar Koniarski Member-Supervisory Board
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