Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Xetra  >  Mutares SE & Co. KGaA    MUX   DE000A2NB650

MUTARES SE & CO. KGAA

(MUX)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector news

Mutares AG: Sixth transaction of the current year - Mutares acquires system supplier for high-quality automotive technology

share with twitter share with LinkedIn share with facebook
07/16/2019 | 01:35am EDT

DGAP-News: Mutares AG / Key word(s): Private Equity/Takeover
Mutares AG: Sixth transaction of the current year - Mutares acquires system supplier for high-quality automotive technology

16.07.2019 / 07:30
The issuer is solely responsible for the content of this announcement.


Sixth transaction of the current year - Mutares acquires system supplier for high-quality automotive technology
  • Profitable, European-wide active automotive supplier with sales of around EUR 100 million
  • Acquisitions in 2019 lead to annualized sales growth of almost EUR 400 million in the Mutares Group
  •  Outlook remains positive with high number of transactions

Munich, July 16, 2019 - German investor Mutares AG (ISIN: DE000A2NB650) has acquired Kirchhoff GmbH & Co. KG, a traditional family business and established automotive supplier in Europe.

Mutares has acquired the complete business of Kirchhoff GmbH & Co KG (KICO) with its subsidiaries in Germany, Poland and Mexico from the owner family. As a new platform investment, KICO will strengthen the Automotive & Mobility portfolio segment alongside STS Group, Elastomer Solutions and Plati.

KICO, founded in 1939, is an automotive supplier with long-standing relationships with some of the world's largest OEMs and Tier 1 suppliers. The company manufactures locking systems, hinges, fasteners and mechatronic systems. In 2019, the production of active aerodynamic systems will start, which will be installed in electric mobility vehicles, among other things, as they increase the range of electric vehicles. KICO employs over 800 people at its production sites in Germany, Poland and its logistics site in Mexico. In the 2018 financial year, the company generated sales of around EUR 100 million and a slightly positive operating result.

"With the takeover of KICO, we have gained a family business rich in tradition for our Automotive & Mobility segment. The company is an excellently positioned automotive supplier with significant value potential based on its innovative strength and long-standing relationships with automotive manufacturers and major suppliers. We are convinced that our expertise and our network in the automotive sector will promote KICO's sustained profitable growth and are very pleased to have gained a promising platform," says Robin Laik, CEO of Mutares AG.

Company profile of Mutares AG

Mutares AG, Munich (www.mutares.de), acquires medium-sized companies and parts of the group based in Europe, which are being sold as part of a repositioning and have significant operational improvement potential. Mutares actively supports and develops its portfolio companies with its own investment and expert teams and by acquiring strategic add-ons. The aim is to achieve a significant increase in value with a focus on sustainable growth of the portfolio company. In fiscal year 2018, Mutares' investments generated consolidated sales of EUR 865 million and employed more than 4,700 people worldwide. Mutares AG shares are traded on the Frankfurt Stock Exchange under the symbol "MUX" (ISIN: DE000A2NB650).

Please contact us for further information:

Mutares AG
Corinna Lumpp
Manager Investor Relations & Strategy
Phone +49 89 9292 7760
email: ir@mutares.de
www.mutares.de

Contact Press
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Phone +49 89 1250 90330
email: sh@crossalliance.de
www.crossalliance.de



16.07.2019 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 AG
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, Frankfurt (Scale), Stuttgart, Tradegate Exchange
EQS News ID: 841453

 
End of News DGAP News Service

841453  16.07.2019 

fncls.ssp?fn=show_t_gif&application_id=841453&application_name=news&site_id=zonebourse

© EQS 2019
share with twitter share with LinkedIn share with facebook
Latest news on MUTARES SE & CO. KGAA
04:20aMUTARES : Notice of a written resolution
EQ
08/11MUTARES : considers tap issue up to EUR 30 million of its bonds issued in Februa..
EQ
08/11MUTARES : in the first half of 2020 with revenue growth of 40% due to brisk tran..
EQ
07/16MUTARES : with record transaction activity in first half year
EQ
07/15MUTARES : signed sixth Buyside Transaction in 2020 for the acquisition of the Sw..
EQ
07/15NCC PUBL : divests Road Services Sweden and Finland to Mutares
AQ
07/09MUTARES SE & CO. KGAA : Notification and public disclosure of transactions by pe..
EQ
07/01MUTARES SE & CO. KGAA : Mutares successfully closes the acquisition of the Itali..
EQ
07/01MUTARES SE & CO. KGAA : Mutares successfully completes the acquisition of certai..
EQ
06/30MUTARES SE & CO. KGAA : Mutares signed fourth Buyside Transaction 2020 and acqui..
EQ
More news
Financials
Sales 2020 1 713 M 2 027 M 2 027 M
Net income 2020 18,5 M 22,0 M 22,0 M
Net Debt 2020 203 M 241 M 241 M
P/E ratio 2020 7,40x
Yield 2020 10,6%
Capitalization 151 M 178 M 178 M
EV / Sales 2020 0,21x
EV / Sales 2021 0,18x
Nbr of Employees 6 505
Free-Float 58,3%
Chart MUTARES SE & CO. KGAA
Duration : Period :
Mutares SE & Co. KGaA Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends MUTARES SE & CO. KGAA
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 4
Average target price 16,73 €
Last Close Price 9,90 €
Spread / Highest target 81,8%
Spread / Average Target 69,0%
Spread / Lowest Target 61,6%
EPS Revisions
Managers
NameTitle
Robin Laik Chief Executive Officer
Volker Rofalski Chairman-Supervisory Board
Mark Friedrich Chief Financial Officer
Micha Bloching Member-Supervisory Board
Lothar Koniarski Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
MUTARES SE & CO. KGAA-22.17%178
HONEYWELL INTERNATIONAL INC.-9.57%112 334
SIEMENS AG1.58%110 918
3M COMPANY-6.89%94 617
ILLINOIS TOOL WORKS INC.10.52%62 768
GENERAL ELECTRIC COMPANY-39.78%58 822