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OFFON

MUTARES SE & CO. KGAA

(MUX)
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PRESS RELEASE: Mutares SE & Co. KGaA: Mutares successfully completed the acquisition of NCC Road Service A/S in Denmark from NCC

05/31/2021 | 11:47am EDT
DGAP-News: Mutares SE & Co. KGaA / Key word(s): Takeover/Investment 
Mutares SE & Co. KGaA: Mutares successfully completed the acquisition of NCC Road Service A/S in Denmark from NCC 
2021-05-31 / 17:45 
The issuer is solely responsible for the content of this announcement. 
=---------------------------------------------------------------------------------------------------------------------- 
Mutares successfully completed the acquisition of NCC Road Service A/S in Denmark from NCC 
- Add-on investment for the Terranor Group 
- Target company with revenues of approx. EUR 40 million 
- Provider of Road Operations and Maintenance (O&M) services in Denmark 
Munich/Stockholm, 31 May 2021 - Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition 
of NCC Road Service A/S from NCC. The company will strengthen the Terranor Group as an add-on investment, growing to 
approx. EUR 140 million in annualized revenues. 
NCC Road Service A/S provides Road operation and maintenance ("O&M"), such as cleaning or inspection, mainly for 
private customers or state contractors, employing around 180 people and generating revenues of approx. EUR 40 million. 
The company will from now on operate under the new name Terranor A/S. 
With the acquisition of the Danish Road O&M of NCC, after previously acquiring their Swedish and Finnish Road O&M 
businesses, Terranor Group further extends its presence in the Nordics and strengthens its position as a leading player 
in its field. 
Company profile Mutares SE & Co. KGaA 
Mutares SE & Co. KGaA, Munich (www.mutares.de), as a listed private equity holding company with offices in Munich (HQ), 
Frankfurt, London, Madrid, Milan, Paris, Stockholm and Vienna, acquires medium-sized companies and parts of larger 
groups with headquarters in Europe that show a clear potential for operational improvement and are sold again after 
undergoing a repositioning and stabilization process. Mutares actively supports and develops its portfolio companies 
with its own investment and consulting teams as well as through acquisitions of strategic add-ons. With for aim a ROIC 
(Return on Invested Capital) of 7 to 10 times on the total investment with a focus on sustainable growth of the 
portfolio companies. In 2020, Mutares SE & Co. KGaA generated consolidated revenues of approx. EUR 1.6 billion 
employing more than 12,000 people worldwide. Based on this, consolidated revenues are expected to increase to 
approximately EUR 3.0 billion by 2023. Mutares is strongly committed to a sustainable dividend policy consisting of a 
base dividend and a performance dividend. The shares of Mutares SE & Co. KGaA are listed on the Frankfurt Stock 
Exchange under the ticker symbol "MUX" (ISIN: DE000A2NB650). 
For more information, please contact: 
Mutares SE & Co. KGaA 
Investor Relations 
Phone +49 89 9292 7760 
E-mail: ir@mutares.de 
www.mutares.de 
Contact Press 
CROSS ALLIANCE communication GmbH 
Susan Hoffmeister 
Phone +49 89 125 09 0333 
E-mail: sh@crossalliance.de 
www.crossalliance.de 
Contact for press requests in France 
CLAI 
Gaëtan Commault - gaetan.commault@clai2.com / +33 06 99 37 65 64 
Dorian Masquelier - dorian.masquelier@clai2.com / +33 07 77 26 24 57 
 
=---------------------------------------------------------------------------------------------------------------------- 
2021-05-31 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 SE & Co. KGaA 
              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, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, 
              Tradegate Exchange 
EQS News ID:  1202533 
 
End of News   DGAP News Service 
=------------ 

1202533 2021-05-31

 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1202533&application_name=news 
 

(END) Dow Jones Newswires

May 31, 2021 11:46 ET (15:46 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
BIKE24 HOLDING AG 5.03% 17.75 Delayed Quote.0.00%
DJ INDUSTRIAL -0.28% 34838.16 Delayed Quote.14.14%
MUTARES SE & CO. KGAA 3.23% 23.95 Delayed Quote.47.77%
NCC GROUP PLC -1.27% 310.5 Delayed Quote.24.80%
NCC LIMITED -1.20% 86.7 End-of-day quote.50.39%
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Financials
Sales 2021 2 600 M 3 087 M 3 087 M
Net income 2021 206 M 245 M 245 M
Net Debt 2021 130 M 155 M 155 M
P/E ratio 2021 2,18x
Yield 2021 6,00%
Capitalization 360 M 428 M 427 M
EV / Sales 2021 0,19x
EV / Sales 2022 0,17x
Nbr of Employees 12 000
Free-Float 57,0%
Chart MUTARES SE & CO. KGAA
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Mutares SE & Co. KGaA Technical Analysis Chart | MarketScreener
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Technical analysis trends MUTARES SE & CO. KGAA
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
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Mean consensus OUTPERFORM
Number of Analysts 5
Last Close Price 23,95 €
Average target price 28,25 €
Spread / Average Target 18,0%
EPS Revisions
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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