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MUTARES SE & CO. KGAA

(MUX)
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Mutares SE & Co. KGaA: Sale of shares in STS Group AG successfully completed

06/30/2021 EDT
  • Adler Pelzer Group acquires Mutares' 73.25% stake
  • Third exit transaction in 2021 with ROIC of 9

Munich, 30 June 2021 - Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully completed the sale of its 73.25% stake in STS Group AG (ISIN: DE000A1TNU68). The transaction with Adler Pelzer Group is already the third exit in the current year for Mutares and comprises the shares and the entire business operations of Plastics and Materials in Europe, China and the USA. The company will become part of the Adler Pelzer Plastics division in the future.

STS Group AG had been part of the Mutares Group since 2013 and successfully completed a turnaround following a buy-and-build strategy. The IPO of STS Group AG took place in 2018, after which Mutares remained the main shareholder.

In financial year 2020, STS Group generated revenues of EUR 235.0 million and operating earnings before interest, taxes, depreciation and amortization (EBITDA) of EUR 14.7 million. The transaction includes the full 73.25% stake in STS Group AG held by Mutares.

'With the sale of STS, Mutares has once again achieved its target of a return on invested capital and our shareholders will participate in this success. I am also convinced that we are handing over STS Group to the best possible new owner,' says Robin Laik, CEO and founder of Mutares SE & Co. KGaA.

Disclaimer

Mutares SE & Co. KgaA published this content on 30 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 July 2021 16:23:49 UTC.


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Sales 2021 2 238 M 2 623 M 2 623 M
Net income 2021 237 M 277 M 277 M
Net Debt 2021 130 M 152 M 152 M
P/E ratio 2021 1,77x
Yield 2021 5,95%
Capitalization 421 M 493 M 493 M
EV / Sales 2021 0,25x
EV / Sales 2022 0,16x
Nbr of Employees 15 515
Free-Float 57,0%
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Mean consensus BUY
Number of Analysts 4
Last Close Price 27,30 €
Average target price 31,38 €
Spread / Average Target 14,9%
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Managers and Directors
Robin Laik Chief Executive Officer
Mark Friedrich Chief Financial Officer
Volker Rofalski Chairman-Supervisory Board
Christian Bardorsch Manager-Information Technology
Kristian Schleede Chief Operating & Restructuring Officer
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