© Reuters.
MUNICH – Mutares (ETR:) SE & Co. KGaA, a Munich-based private equity holding company, is set to join the MSCI Germany Small Cap Index after market close on November 30, 2023, a move that’s expected to enhance share liquidity and attract more institutional investors. The inclusion follows the company’s recent successful roadshow in the United States and comes as part of MSCI Inc.’s quarterly index review.
The announcement was made today by MSCI Inc., a leading provider of critical decision support tools and services for the global investment community. Mark Friedrich, who serves as Mutares’ CFO until December 31, 2027, expressed that the index inclusion marks a significant milestone for the company and is anticipated to increase trading activity in its shares.
Mutares specializes in acquiring medium-sized European companies with significant operational improvement potential and has a presence across multiple European cities and China. The company operates with a unique business model focusing on stabilizing and repositioning its portfolio companies before selling them.
The firm has ambitious financial targets, projecting consolidated revenues between €4.8 billion and €5.4 billion for the fiscal year 2023. It aims to increase this figure to approximately €7 billion by 2025 and €10 billion by 2028. This growth is expected to be driven by consulting revenues, portfolio dividends, and exit proceeds. Mutares also forecasts net income in the range of €125 million to €150 million for FY 2025 and €200 million for FY 2028.
With over one-third of all shares held jointly by the Management Board and Supervisory Board, Mutares trades on the Frankfurt Stock Exchange under the ticker “MUX”. The company’s strategic initiatives and financial aspirations are well-aligned with its inclusion in the MSCI Germany Small Cap Index, which is likely to bolster its visibility among investors and support its growth trajectory.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
Read the full article here