DGAP-News: mutares AG - Preliminary half-year group figures at record level

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| Source: EQS Group AG
DGAP-News: mutares AG / Key word(s): Half Year Results/Preliminary
Results
mutares AG - Preliminary half-year group figures at record level

06.08.2014 / 08:15

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In H1 2014, mutares AG (ISIN: DE000A0SMSH2) increased its total group
revenues compared to the reference period by 111% to a record level of EUR
307.5m (H1 2013: EUR 145.8m). EBITDA increased in the reporting period by
55% to EUR 10.4m (H1 2013: EUR 6.7m).

Munich, August 06, 2014 - The Munich based restructuring specialist
mutares, listed in the Entry Standard of the Frankfurt Stock Exchange,
scored new records in sales and EBITDA in the first half of 2014. Based on
preliminary figures, the consolidated revenues increased in the first half
of 2014 compared to the reference period significantly by 111% to EUR
307.5m. This increase is primarily due to the primary consolidation of the
portfolio companies Pixmania Group and STS Acoustics. EBITDA rose in the
reporting period from EUR 6.7m to EUR 10.4m. In addition to the primary
consolidation of the Pixmania Group, mainly the positive development of the
existing portfolio has contributed to the EBITDA improvement. The positive
development of the portfolio companies Artmadis and Elastomer Solutions is
particularly noteworthy. Furthermore, EUPEC was able to continue its
dynamic development through the acquisition of additional projects.

The balance sheet of mutares has been further strengthened in the first
half of 2014: Group equity increased from EUR 37.9m at December 31, 2013 to
EUR 39.6m at June 30, 2014. Net liquidity amounts to 62.6m at the reporting
date (December 31, 2013: EUR 19.2m).

Restructuring of PIXmania is progressing 

The Pixmania Group, a leading European e-commerce retailer based in Paris,
is part of the mutares Group since January 01, 2014. In the first six
months, significant restructuring milestones have already been set. On the
cost side, numerous operational improvements have been made. These
optimizations are already reflected in the result.

Positive outlook 

The financial year 2014 will be another record year for mutares with
expected group revenues of at least EUR 650m. The restructuring process of
the Italian company STS Acoustics, which was acquired in 2013, is
progressing rapidly. As a result, the enterprise has already become
profitable at an operational level (EBITDA). The business development of
the pipeline coating company EUPEC has been very positive as well. As a
consequence, an earnings improvement can be expected compared to fiscal
year 2013 on group level. On the transaction side, the management board
expects intense activity in the second half of 2014 on the buy- and on the
sell-side. The pipeline continues to be very well filled.

Company profile of mutares AG

mutares AG, Munich (www.mutares.de), acquires companies, or parts of
companies that are sold in the course of reorganization by the owner and
possess clear potential for operative improvement. mutares actively
supports its portfolio companies with its own teams that have the objective
to achieve a significant increase in value. Thereby, the main intention is
the alignment of the company towards sustainable growth. The shares of
mutares AG are traded in the Open Market of the Frankfurt Stock Exchange
(Entry Standard) under the symbol MUX (ISIN: DE000A0SMSH2).

For further information, please contact: 

mutares AG 
Christoph Himmel 
Investor Relations & Corporate Communications
Tel. +49 89 9292776-0 
Fax +49 89 9292776-22 
ir@mutares.de 
www.mutares.de 



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06.08.2014 Dissemination of a Corporate News, transmitted by DGAP - a
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280983 06.08.2014