Mutares SE & Co. KGaA/€MUX

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About Mutares SE & Co. KGaA

Mutares SE & Co. KGaA is a Germany-based private equity firm focused on acquiring and operationally transforming medium-sized companies in turnaround situations. The company's core business involves investments in struggling companies, with the aim of restructuring them to create value. Mutares operates across several segments, including Automotive & Mobility, Engineering & Technology, and Goods & Services, offering governance and strategic support to its portfolio companies. Founded in 2008 and headquartered in Munich, Germany, Mutares leverages its industry expertise and restructuring experience to improve the operational efficiency and profitability of its acquisitions. The firm is noted for its hands-on approach to managing transitions and is active primarily in European markets.

Ticker

€MUX
Sector

Primary listing

XETRA

Employees

34,500

MUX Metrics

BasicAdvanced
€660M
17.15
€1.79
1.20
€2.00
6.51%

Bulls say / Bears say

Mutares increased group revenues by 12% to €5.26 billion in fiscal 2024, while net income under HGB rose to €108.3 million, marking a strong financial performance amid market challenges. (Reuters)
Austrian engine maker Steyr Motors‘ IPO in 2024 generated a special gain for Mutares, and the sale of additional Steyr shares boosted first-quarter 2025 profits by over €40 million, demonstrating effective value creation in the portfolio. (Reuters)
Mutares has initiated sales processes for ten portfolio companies with combined revenues of €1.85 billion and expects to generate more than €200 million in gross exit proceeds by year-end, highlighting a robust exit pipeline. (Reuters)
Mutares was forced to postpone its 2024 Annual Report after lengthy auditor discussions over the bankruptcy of Serneke Sverige AB, causing its share price to tumble 15.5% and risking temporary exclusion from the SDax. (Reuters)
German regulator BaFin launched an audit into Mutares’ 2023 financial statements citing "concrete evidence" of accounting violations, sending the stock down 24% and raising governance concerns. (Reuters)
Operationally, Mutares slipped into an adjusted EBITDA loss of €85.4 million in FY 2024 (versus +€3.5 million in 2023), reflecting challenges in its turnaround strategy and key portfolio segments. (Reuters)
Data summarised monthly by Lightyear AI. Last updated on 31 Aug 2025.
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.

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