Mutares SE & Co. KGaA Announces Positive Fiscal Year 2023 Results and Dividend Increase

Mutares SE & Co. KGaA, a Munich-based private equity holding company, reported a substantial financial performance for the fiscal year 2023. The company saw its net income rise to EUR 102.5 million, marking a 41% increase from the previous year's EUR 72.9 million. This growth was significantly influenced by the successful sale of Special Melted Products (SMP), the largest exit in the company's history. Revenue for Mutares Holding increased by 46% to EUR 103.6 million. The company attributes this growth to the expansion of its operational consulting business.

The Mutares Group also experienced a revenue increase of 25%, with total revenues reaching EUR 4,689.1 million. This increase was buoyed by successful acquisitions and exits, including 16 completed acquisitions across various sectors and 7 portfolio company sales. Notably, the sale of SMP contributed approximately EUR 150 million in cash inflow. The Group's EBITDA soared to EUR 756.9 million, significantly boosted by transaction effects and the positive contributions from exits.

For the fiscal year 2023, Mutares plans to increase its dividend by 29% to EUR 2.25 per share, reinforcing its commitment to shareholder participation in the company's success. The company also provided an optimistic outlook for the fiscal year 2024, projecting Group revenues to be between EUR 5.7 billion and EUR 6.3 billion, with expected net income ranging from EUR 108 million to EUR 132 million.