Mutares Reports 14% Revenue Increase in First Nine Months

Mutares SE & Co. KGaA announced a 14% rise in consolidated revenues for the first nine months of 2024, reaching EUR 3,892.8 million. This growth is attributed to increased acquisition activities. Mutares Holding saw a 12% increase in revenues from consulting services and management fees, despite net income dropping to EUR 53.5 million from the previous year's EUR 101.3 million due to bond-related expenses.

The Group adjusted EBITDA was recorded at EUR -16.5 million, a decline from EUR 19.4 million the previous year. Mutares placed a new bond to support international expansion and optimized its financing strategy. The company's defense subsidiary, Steyr Motors, successfully completed an IPO in October, marking a significant milestone for Mutares.