DGAP-News: Mutares AG: mutares with strong growth
(firmenpresse) - DGAP-News: Mutares AG / Key word(s): Final Results/Change of Personnel
Mutares AG: mutares with strong growth
11.01.2011 / 18:02
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mutares with strong growth
Munich, January 11, 2010
Due to the further development of its portfolio mutares AG has increased
sales and profits in the fiscal year 2009/10 significantly. In the year
ending March 31, 2010, group output has reached EUR 78.7 mill. with
profits (EBIT) of EUR 6.1 mill. To support its growing business mutares has
extended its executive board by two new members.
mutares acquires divisions of large corporations that are being sold as
non-core activities. 'With total assets exceeding EUR 100 mill. the mutares
group is well positioned for further turn-around investments' Robin Laik,
co-founder of mutares, explains. The portfolio companies from the
automotive and engineering sector have shown a very positive progress over
the past months. Annual sales growth has increased by more than 30%, thus
supporting the repositioning of the companies.
Board member Dr. Geuer added, that the internal management of mutares has
been adjusted to support the growing business. Starting from January 1,
2011, the Executive Board of mutares has been enlarged by Dr. Kristian
Schleede, CFO, and Dr. Wolf Cornelius, Head of Operations.
mutares AG, Munich (www.mutares.de), acquires midsized companies, that are
being sold in the course of a repositioning process at their owners and
that show a clear operational improvement potential. Getting engaged with
its own teams, mutares actively supports its portfolio companies to achieve
a clear value increase. The focus of the operational work is to ensure
sustainable, long-term growth.
The stocks of mutares AG are being listed at the Open Market segment of the
Frankfurt stock exchange (symbol: MUX, ISIN: DE000A0SMSH2).
For further information please contact:
mutares AG
Susanne Staudt
Investor Relations&Corporate Communications
Tel: +49 (0)89 9292776-0
Fax: +49 (0)89 9292776-22
info(at)mutares.de
End of Corporate News
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108675 11.01.2011
Datum: 11.01.2011 - 18:02 Uhr
Sprache: Deutsch
News-ID 32985
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Kategorie:
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