DGAP-News: Mutares AG / Key word(s): Final Results mutares announces consolidated earnings for the fiscal year 2010/11 10.10.2011 / 16:41 --------------------------------------------------------------------- mutares announces consolidated earnings for the fiscal year 2010/11 Munich, October 10, 2011 Based on successful turn-around activities and on the expansion of its portfolio the mutares-group has achieved a significant growth in revenues and earnings in the fiscal year 2010/11. During the period from April 1, 2010, to March 31, 2011, the turnover has doubled to EUR 127.6 million (previous year EUR 60.7 million) with a substantial increase of 95% in the operating profit (EBITDA) to EUR 15.8 million (previous year EUR 8.1 million). At the end of the fiscal year 2010/2011 on March 31, 2011, mutares held a total of five portfolio companies in Europe with around 1,500 employees. mutares acquires companies in special situations and develops them with operational and financial support. Due to strong operational improvements in the portfolio companies and due to the economic growth in Europe since early 2010 last year's results have significantly improved. Group sales and net income have been increased for the third consecutive year. Despite a portfolio streamlining group sales went up by 110% from EUR 66.9 million to EUR 127.6 million. Primarily the first time consolidation of the HIB-group and the newly acquired Alsace Meuble contributed to this strong increase in sales. The annual income went up to EUR 8.3 million, which is EUR 4.3 million or 108% more than in the previous year. 'The increase in operating cash flow to EUR 3.2 million (previous year: EUR -1.4 million) shows our strong operational expertise,' said Axel Geuer, co-founder of mutares. Robin Laik added, 'With total assets of over EUR 100 million and an equity ratio of 32% the group is well positioned for further growth.' 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 significant increase in value. 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@mutares.de End of Corporate News --------------------------------------------------------------------- 10.10.2011 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 141844 10.10.2011
DGAP-News: mutares announces consolidated earnings for the fiscal year 2010/11
| Source: EQS Group AG