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MUX.F - Mutares AG

Discussion in 'International Stock Markets' started by Marvan, Jun 3, 2019.

  1. Marvan

    Marvan Active Member

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    Munich, August 8, 2019 – Mutares (ISIN: DE000A2NB650) today published its report for the first half of fiscal 2019.

    • Group sales of EUR 443.2 million, full effect of acquisitions expected for second half of year
    • Group EBITDA at EUR 67.1 million tripled compared to the same period in 2018
    • Adjusted EBITDA at group level at EUR 0.0 million due to numerous acquisitions
    • Donges Group and Elastomer Group investments show pleasing operating progress
    • Further ambitious expansion of portfolio targeted for 2019
    https://mutares.de/mutares-publishes-half-year-report-2019-promisingly-expanded-portfolio/?lang=en
     
  2. Marvan

    Marvan Active Member

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    STS Group AG, the global system supplier for the commercial vehicle and automotive industry, listed in the Prime Standard of the Frankfurt Stock Exchange, announces another strategic order. The Group will produce innovative hybrid doors for a Chinese electric vehicle (Battery Electric Vehicle/BEV) manufacturer and also new STS customer. The order will have an effect on sales starting in the fourth quarter of 2020.

    The assignment is at the same time of great strategic importance. The STS Group is once again demonstrating its versatility as well as its ability as an innovation driver and first mover. STS introduces a new concept for passenger car doors exterior panel, combining injection molding and fiber-reinforced composite known as Sheet Molding Compound (SMC) technology. An injection molding outer panel, is glued on a SMC frame and fixed to the door’s structure. Through the replacement of metal by the composite material to a large extent, a relevant weight reduction can be achieved without reducing the safety aspects. The lightweight construction makes a significant contribution to sustainable mobility.

    Combining two technologies and on-site production very close to the customer once again demonstrates the innovative STS approach as a competent system supplier for the global automotive industry. Already in July, STS reported successes in the future market of China in the field of e-mobility. The Group won two orders for the supply of battery covers for electric vehicle models.

    “Our technologies make an important contribution to reducing weight, noise and emissions in the present and future automotive industry. That is why they remain in demand even in a challenging market environment. We are delighted to have been entrusted with this contract in one of the world’s most promising markets and are confident that we can further expand our position as an innovative systems supplier,” says Andreas Becker, CEO of STS Group AG.

    https://mutares.de/sts-group-ag-win...tive-lightweight-components-in-china/?lang=en
     
  3. Marvan

    Marvan Active Member

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    Munich, October 18, 2019 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) today made a notarized, binding offer to acquire the business of Q Logistics GmbH, a logistics subsidiary of Austrian Federal Railways (Österreichische Bundesbahnen – Holding Aktiengesellschaft).

    Q Logistics is a provider of cross-border transport logistics and warehousing services with a nationwide network in Austria. The company is active in general cargo, charter and warehousing serving customers from various sectors, including food, pharmaceutical and fast-moving consumer goods (FMCG). In fiscal year 2018, Q Logistics had consolidated total sales, including the Czech subsidiary, of around EUR 250 million and a total of approx. 920 employees.

    The transaction still requires respective committee resolutions on the part of the seller, which are expected to be passed latest by the end of the month, as well as the acceptance of the notarized, binding offer by the seller.

    https://mutares.de/industrieholding...b-einer-logistik-tochter-der-oebb-ab/?lang=en
     
  4. Marvan

    Marvan Active Member

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    Sorry, only in German ....

    11 % – wer bietet mehr?

    Die Beteiligungsgesellschaft Mutares hat 2019 ihr Portfolio deutlich ausgebaut.

    Heiße Wette – heiße Dividende

    Das Vorstandsteam von Mutares hat in der Vergangenheit bewiesen, wie man Problemfirmen wieder
    flottbekommt.

    Viele Beteiligungen wurden mit hohem Profit wieder verkauft.

    2017 lag der Umsatz bei 899 Millionen Euro. 1,10 Milliarden Euro sollen es im laufenden Jahr werden. 2020 sind 1,40 Milliarden Euro geplant.

    2019 soll der Gewinn pro Aktie bei 1,04 Euro liegen.

    2021 plant DER AKTIONÄR mit 1,25 Euro pro Anteilsschein.

    Mit Donges hat Mutares einen neuen europäischen Player geformt.

    Die STS Group notiert weit unter Wert.

    Hinzu kommen elf weitere Beteiligungen, die im Mutares-Portfolio schlummern.

    Spannende Tunraround-Wette mit sportlicher Dividendenrendite!

    https://mutares.de/mutares-in-der-ausgabe-der-aktionaer/
     
    #24 Marvan, Oct 22, 2019
    Last edited: Oct 22, 2019
  5. Marvan

    Marvan Active Member

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    Munich, October 23, 2019 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) successfully hosted its first Capital Markets Day yesterday. Mutares gave an insight into the group strategy, discussed the planned acquisition of Q Logistics GmbH, and confirmed the sustainable dividend policy.

    More than 80 investors, analysts, and media representatives followed Mutares’ invitation to the Capital Markets Day in Frankfurt/Main. On this occasion, CEO Robin Laik gave an insight into the current situation and outlined the next strategic steps of the listed industrial holding company, which specializes in companies in special situations with operational improvement potential. To this end, Mutares pursues a buy & build approach and complements platform investments in a strategic and value-enhancing manner through targeted acquisitions, so-called add-on acquisitions as explained in detail by CFO Mark Friedrich. The success of this approach has recently been impressively demonstrated by the portfolio companies Donges Group and Balcke-Dürr Group.

    At Donges Group, Mutares’ teams succeeded in developing the company from a non-profitable EUR 40 million sales to a group with over EUR 350 million annualized turnover and a clearly positive EBITDA margin within 24 months1. Thus, Mutares built the Donges Group into a leading European and competitive supplier of bridge and steel construction as well as roof and facade systems.

    Comparable success was experienced by the Balcke-Duerr Group, one of the leading manufacturers of components for increasing energy efficiency and reducing emissions for industry. Mutares continuously developed the group of companies with two add-on acquisitions and the expansion of the service portfolio. In particular, the impressive operative development in the international service business for modernization of coal-fired power plants represents excellent future exit potential.

    “We now can see that our buy & build strategy is working and has yielded gratifying added value for our largest investments. Such successes we strive to achieve similarly with our latest platform investments Plati, the keeeper group, and KICO,” Mutares CEO Robin Laik explained.

    Based on the announcements published last week, Mutares also announced the submission of a binding offer to acquire Q Logistics GmbH, a logistics subsidiary of Oesterreichische Bundesbahnen – Holding Aktiengesellschaft (ÖBB). As such it is a potential new platform investment with considerable potential for value appreciation, which is intended in particular to drive forward further expansion in the promising Services segment. In 2018, Q Logistics achieved sales of EUR 250 million and employed around 920 people.

    “We are very satisfied with the business development to date and hope to have provided our shareholders, stakeholders, and media representatives with an exciting insight into Mutares and our approach, and to have answered all questions exhaustively at our first Capital Markets Day. Preconditions for continued promising business development is a favorable environment despite increasingly challenging external factors; the market for investment companies is in robust shape. For this reason, we want to continue to grow sustainably and at an appropriate rate. Always with the aim to have our shareholders participate in the company’s success also in the future, at least maintaining the current dividend level and continuing to expand it upwards,” CEO Robin Laik commented on Capital Markets Day 2019 with a view to the coming year.

    https://mutares.de/mutares-industri...d-target-at-capital-markets-day-2019/?lang=en
     
  6. Marvan

    Marvan Active Member

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    Out at 10.60
     
  7. Marvan

    Marvan Active Member

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    Euro 12.72
     
  8. Marvan

    Marvan Active Member

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    Strategic partnership of La Meusienne and Balcke Duerr Group formalized

    • Balcke Duerr Group integrates stainless steel tube supplier La Meusienne
    • Vertical integration aiming at cost, sales and quality synergies for both companies
    • Integration will result in Balcke Duerr Group revenues of ca. EUR 160 million
    Munich/Dusseldorf, December 24, 2019 – Balcke Duerr Group, an investment platform of Mutares SE & Co. KGaA (ISIN: DE000A2NB650) active in the field of energy efficiency solutions for applications in power and industrial plants, has successfully completed the integration of French stainless-steel tube provider La Meusienne. The integration of the previous standalone platform aims at realizing cost, sales and quality synergies for both companies, especially by cross-leveraging on existing product expertise.

    La Meusienne is one of the major French players in the production and treatment of high-quality stainless-steel tubes with small diameter serving customers in the pharmaceutical and chemical industries as well as major customers in the heat exchanger industry. With more than 50 years of experience and its strong customer base, the company with headquarter in Ancerville has a strong reputation for process pipes for fluid transfer, heat exchangers, chemical appliances as well as food and beverage.

    La Meusienne and Balcke Duerr conducted first joint projects in 2019 to explore areas of cooperation which now lead to the full integration into Balcke Duerr Group. Products and services of La Meusienne find their main application within Balcke Duerr in the field of heat exchangers. With this vertical integration, Balcke Duerr will be able to control a significant greater part of the value chain of its own offering to its clients. After the integration, Balcke Duerr Group will operate five manufacturing sites, employ ca. 620 people and generate annual sales of ca. EUR 160 million.

    Company profile of Balcke Duerr Group
    With over 130 years of experience, the Balcke Duerr Group offers cutting edge solutions for electricity generators and power plant constructors with product solutions and services ranging from standard modules to complete thermal systems. Balcke Duerr’s experienced engineers specialize in solutions that meet the highest safety and sustainability requirements. Its product portfolio comprises heat exchangers and apparatus for applications in chemical processes and power plants, filter systems for flue gas cleaning as well as corresponding maintenance services. At its production sites in Germany, Italy and China, Balcke Duerr produces components for boosting energy efficiency and reducing emissions. At seven key service, engineering and sales centres in Germany, Italy, Poland, India and France, Balcke Duerr Group currently employs more than 400 people. In 2019, before integration of La Meusienne, the company plans to realize group sales of approx. EUR 115 million.

    https://mutares.de/strategic-partnership-of-la-meusienne-and-balcke-duerr-group-formalized/?lang=en
     
  9. Marvan

    Marvan Active Member

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    Mutares takes on Top 2 of the Italian postal market by acquiring the majority in Nexive’s business from PostNL

    Munich/The Hague, 24th February 2020 – Mutares and PostNL have signed an agreement on the acquisition of the majority stake of 80% in the business of Nexive, the number two mail and parcel provider in Italy and currently a full subsidiary of PostNL. PostNL will obtain a minority interest of 20% in the entity acquiring the Nexive business. The acquisition would be the second one for Mutares within the current financial year and would result in annualized consolidated revenues of its portfolio of approx. EUR 2 billion. The transaction is subject to a number of conditions and is expected to close in Q2, 2020.

    Nexive provides mail services to 80% of Italian households and parcel services to the entire Italian market. It’s the number two in the Italian mail market and aspires to be the smart challenger, offering customers the best balance between service, quality and price. It achieves this ambition by focusing on customer interaction and by further strengthening its network.

    Nexive has enhanced its position in Italy in recent years by expanding its portfolio, and by launching innovative services, including E-box, which offers total track & trace on mail items. Nexive also expanded its own parcel network in 2016 through the introduction of Sistema Slim, a solution for letterbox packages which forms the basis for future growth and success. Operating countrywide in Italy, the company has approx. 8,000 employees and will strengthen the portfolio segment ‘Goods & Services’ of Mutares.

    Herna Verhagen, CEO of PostNL, says: “This transaction will allow Nexive to further develop its business and to build its position in the Italian mail and parcel market. For PostNL, the sale of the majority stake in Nexive underpins our strategy of focusing on our core markets in the Benelux region and supporting our transformation into an e‑commerce logistics and postal service provider.”

    Luciano Traja, CEO of Nexive adds: “This step gives us the opportunity to take the Nexive business to the next stage in achieving our strategy. We are well positioned to benefit from the innovation and solutions that we have introduced for our customers in recent years. Our strategy is aimed at our growing market share and taking full advantage of ongoing growth in the Italian e-commerce market.”

    Robin Laik, CEO of Mutares SE & Co. KGaA comments: "We look forward to developing Nexive in our portfolio and will support the future repositioning and growth path of the company. We aim to further grow its nationwide network, to further develop the last-mile business as well as to enhance opertational and administrative efficiency."

    https://mutares.de/mutares-takes-on...rity-in-nexives-business-from-postnl/?lang=en
     
  10. Marvan

    Marvan Active Member

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    Mutares strikes for another record year and signed a transaction to acquire certain Sealing and Fluid Businesses from Cooper Standard

    • New platform acquisition for the Automotive & Mobility segment with significant synergies for Elastomer Group
    • Leading Automotive and Industrial Specialties supplier for Sealing and rubber Fluid Transfer Systems (FTS) in Poland, Italy, Spain and India with approx. EUR 180 million in revenues in 2019
    • Cross-border transaction and joint team approach of the German and Italian Mutares offices

    Munich, 08 May, 2020 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) and Cooper Standard (ISIN: US21676P1030) have signed an agreement on the acquisition of certain operations from Cooper Standard in Poland, Italy, Spain and India including approximately 2,500 employees. The transaction is still subject to consent of anti-trust and is expected to close in Q2, 2020.

    The transaction perimeter in Europe consists of rubber Fluid Transfer Systems plants in Poland and Spain which supply major world-leading Automotive OEMs. The Italian plant serves also as a manufacturer and raw material supplier (compound) of Specialty Sealing Products to the European plants.

    The Indian company is a key supplier for sealing solutions as well as fuel and brake delivery systems for the automotive industry with 7 production plants. The combination of this Group and the existing portfolio companies of Mutares, would allow Elastomer Solutions Group to leverage significant synergies in all business areas.

    „The foreseen transaction underlines Mutares Automotive, carve-out and turnaround expertise. The acquisition would strengthen the Mutares Automotive segment and offers significant synergy potential to the Elastomer Solutions Group. This will help both companies to improve in the fields of Sales, Operations and Administration and has also a benefit for Cooper Standard“, says Johannes Laumann CIO of Mutares.

    https://mutares.de/7518/?lang=en
     
  11. Mark22

    Mark22 New Member

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    mutated attacks record for another year and signed a transaction to acquire certain Cooper Standard fluid and sealing businesse
     
  12. Marvan

    Marvan Active Member

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    Mutares with a strong start to 2020: Two exits, placement of a bond and three acquisitions

    • Group sales in Q1 2020 at EUR 315.7 million (Q1 2019: EUR 203.3 million)
    • EBITDA climbs to EUR 39.0 million after EUR 0.0 million in Q1 2019
    • Adjusted EBITDA of EUR -10.4 million (Q1 2019: EUR -3.5 million) reflects higher M&A activity in acquisitions
    • Already three acquisitions completed in the current financial year, including an add-on and two new platform investments
    • Outlook 2020 affected by corona pandemic, but also by confidence in the sustainability of the Mutares business model

    Munich, 14 May 2020 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) reported Q1 2020 group sales of EUR 315.7 million (Q1 2019: EUR 203.3 million). The increase in sales was driven by high transaction activity during FY2019 and Q1 2020. Accordingly, an operating result (EBITDA) of EUR 39.0 million was achieved (Q1 2019: EUR 0.0 million). As expected, the adjusted EBITDA1) was negative at EUR -10.4 million (Q1 2019: EUR -3.5 million). The decline in adjusted EBITDA is mainly attributable to the as yet negative earnings contributions of the newly acquired units.

    Cash and cash equivalents amounted to EUR 141.8 million as of 31 March 2020 (31 December 2019: EUR 79.7 million). The equity ratio of Mutares Group decreased to 22.8% (31 December 2019: 24.5%), mainly attributable to the balance sheet extension in line with the high acquisition activity and the successful placement of the EUR 50.0 million bond in February 2020.

    https://mutares.de/mutares-with-a-s...ent-of-a-bond-and-three-acquisitions/?lang=en
     
  13. Marvan

    Marvan Active Member

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    Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has sold its subsidiary KLANN Packaging GmbH to the investment holding Accursia Capital GmbH after many years of affiliation to the portfolio. The transaction is part of the initiated realignment of the portfolio, which examines the disposal of smaller-sized subsidiaries. The parties agreed not to disclose any information on the purchase price.

    KLANN Packaging is a leading manufacturer of high-quality promotional and sales packaging made of printed tinplate and is headquartered in Landshut, Germany. In 2011, the entity was carved-out and acquired from HUBER Packaging. Following to a successful restructuring, the company has established itself as the quality leader in the market for high-quality tinplate packaging solutions. Accursia is considered the suitable partner to continue the proposed strategy of geographic and product expansion.

    Johannes Laumann, CIO of Mutares, comments: “With Accursia we have found the ideal partner for KLANN Packaging, which has grown very close to our heart during the years of belonging to our portfolio. We are convinced that KLANN will develop excellently under the future owner through new organic and inorganic growth plans. For Mutares, this transaction is a great success in difficult market conditions and a further step in our portfolio consolidation.”

    Martin Scheiblegger, CEO of Accursia Capital, says: “We see KLANN Packaging as a well-structured company, which is optimally positioned for further growth. Through a targeted long-term buy and build strategy, Accursia’s new packaging division will be significantly developed over the next few years. KLANN Packaging is already the fourth investment of Accursia within the last six months. This transaction is another important step in our sustainable growth strategy.”

    https://mutares.de/mutares-sells-long-term-subsidiary-klann-packaging-to-accursia/?lang=en
     
  14. Marvan

    Marvan Active Member

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    Mutares SE & Co. KGaA: First virtual Annual General Meeting approves dividend of EUR 1.00 per share again

    The Annual General Meeting of Mutares SE & Co. KGaA (ISIN: DE000A2NB650) today approved the proposal of the Management Board and Supervisory Board and resolved to pay again a dividend of EUR 1.00 per share (previous year: EUR 1.00) for the past financial year. Taking into account treasury shares, a total of approximately EUR 15.2 million (previous year: EUR 15.2 million) of the net profit of Mutares SE & Co. KGaA will be distributed. The members of the Management Board, the Supervisory Board and the Shareholders’ Committee were also discharged by the shareholders for the financial year 2019. The voting presence at the General Meeting was 51.86%.

    In its presentation, the Management Board commented in detail on the very positive results of the 2019 financial year and the successful start to the year in the first quarter of 2020.

    The outlook for the current financial year is influenced by the COVID-19 pandemic. Nevertheless, the Management Board is optimistic that it will be able to take advantage of additional opportunities in the M&A area on the purchasing side in the second half of the year.

    Robin Laik, CEO of Mutares Management SE as personally liable partner of Mutares SE & Co. KGaA comments: “The successful financial year 2019, with the renewed distribution of a dividend of EUR 1.00 per share, and the strong start to the 2020 financial year underline the growth course of the Mutares Group. Based on our track record to date, we are more convinced than ever of our business model and its value creation and we are confident that we will continue to develop our investments even in the current very challenging environment. In particular, we are convinced that we will be able to strengthen our investments through strategic acquisitions in the further course of the year.”

    All proposed resolutions of the agenda items received clear approval by the Annual General Meeting. Further information on the Annual General Meeting 2020 and the detailed voting results will be available shortly at https://mutares.de/investor-relations/annual-general-meeting/?lang=en.

    https://mutares.de/mutares-se-co-kg...dividend-of-eur-1-00-per-share-again/?lang=en
     

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