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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 Swedish and Finnish Road Services Business from NCC

11/04/2020 | 04:55am EST

DGAP-News: Mutares SE & Co. KGaA / Key word(s): Takeover/Investment
Mutares SE & Co. KGaA: Mutares successfully completes the acquisition of the Swedish and Finnish Road Services Business from NCC

04.11.2020 / 10:55
The issuer is solely responsible for the content of this announcement.


Mutares successfully completes the acquisition of the Swedish and Finnish Road Services Business from NCC

- Strengthens Goods & Services segment

- Company with a combined revenue of around EUR 125 million in the field of road Operations and Maintenance ("O&M")

- Mutares further expands in the Nordics and reconfirms growth strategy

- From December, the companies operate under the names Terranor AB and Terranor OY

Munich/Stockholm, 04 November 2020 - Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of Nordic Road Services AB and Nordic Road Services Oy, each a leading provider of road operation and maintenance in their respective markets, from NCC. From December on, the companies will operate under the new names Terranor AB and Terranor Oy.

Both companies will strengthen the Goods & Services portfolio segment as one new platform investment with expected revenues in 2020 of approx. EUR 125 million. In line with the acquisition, Mutares is opening a Stockholm office by the end of Q4/2020 reaffirming the continuous growth and expansion strategy.

Both companies, Nordic Road Services AB, operating in Sweden, and Nordic Road Services Oy, operating in Finland, provide a variety of services: winter services like snow ploughing and sanding/ salting, summer services like road repairs and green area management, complemented by road supervision, regular road maintenance, wildlife fences, and road markings . Key customers are mainly the state and municipal authorities. Nordic Road Services works together with a total of approx. 214 experienced O&M employees to ensure the timely and complete realization of customer orders with a high degree of satisfaction.

Company profile Mutares SE & Co. KGaA

Mutares SE & Co. KGaA, Munich (www.mutares.de), 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:

Mutares SE & Co. KGaA
Investor Relations

Tel. +49 89 9292 7760
Email: ir@mutares.com
www.mutares.com

Contact for press requests
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Tel. +49 89 1250 90330
Email: sh@crossalliance.de
www.crossalliance.de



04.11.2020 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: 1144533

 
End of News DGAP News Service

1144533  04.11.2020 

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© EQS 2020
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Sales 2020 1 685 M 2 043 M 2 043 M
Net income 2020 58,9 M 71,4 M 71,4 M
Net Debt 2020 198 M 240 M 240 M
P/E ratio 2020 9,17x
Yield 2020 7,06%
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Nbr of Employees 12 500
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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
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Mean consensus OUTPERFORM
Number of Analysts 4
Average target price 22,33 €
Last Close Price 16,30 €
Spread / Highest target 47,2%
Spread / Average Target 37,0%
Spread / Lowest Target 22,7%
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Robin Laik Chief Executive Officer
Volker Rofalski Chairman-Supervisory Board
Mark Friedrich Chief Financial Officer
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