Put companies on watchlist
Mutares SE & Co. KGaA
ISIN: DE000A2NB650
WKN: A2NB65
About
Company Snapshot
New: Enable Investor Alerts
Be informed about new publications
New: AI Factsheet

Corporate News meets AI! 
Content analysis and summary

EN GIF 300X250

Mutares SE & Co. KGaA · ISIN: DE000A2NB650 · EQS - Company News (307 News)
Country: Germany · Primary market: Germany · EQS NID: 1996843
27 September 2024 09:00AM

Supervisory Board of Mutares extends CEO Robin Laik's Management Board contract prematurely by a further five years


EQS-News: Mutares SE & Co. KGaA / Key word(s): Personnel
Supervisory Board of Mutares extends CEO Robin Laik's Management Board contract prematurely by a further five years

27.09.2024 / 09:00 CET/CEST
The issuer is solely responsible for the content of this announcement.


Supervisory Board of Mutares extends CEO Robin Laik's Management Board contract prematurely by a further five years

Munich, September 27, 2024 – The Supervisory Board of Mutares Management SE, the general partner of Mutares SE & Co. KGaA (ISIN: DE000A2NB650) ("Mutares"), today extended the contract with the Chief Executive Officer (CEO) and founder of Mutares SE & Co. KGaA for a further five years until December 31, 2029. Robin Laik founded the company in 2008 and, together with his family, is the largest single shareholder of Mutares with a shareholding of over 25%.

At the same time, Robin Laik has announced his intention to further increase his shareholding together with his family.

Robin Laik comments on the extension of the Management Board as follows: "When we founded Mutares in 2008, we were a blank slate. Today, the company has grown to a turnover of over EUR 5 billion and last year generated a net profit of over EUR 100 million in the Holding. We have raised our dividend target from a basic dividend of EUR 1.00 per share to a minimum dividend of EUR 2.00 per share this year. We are represented in eleven European countries, China, India and the USA. My colleagues on the Executive Board and I are firmly convinced of the Group's continued growth and the guidance for 2024."

Volker Rofalski, Chairman of the Supervisory Board of Mutares SE & Co KGaA, comments: "Robin Laik and his team have successfully advanced Mutares with unparalleled commitment. It is only logical that the Supervisory Board has extended the contract of CEO Robin Laik for a further five years until December 2029. On behalf of the entire Supervisory Board, I wish him and his team all the best for the future and the tasks ahead.”


Company profile of Mutares SE & Co. KGaA

As a listed private equity holding company with offices in Munich (HQ), Amsterdam, Bad Wiessee, Chicago, Frankfurt, Helsinki, London, Madrid, Milan, Mumbai, Paris, Shanghai, Stockholm, Warsaw and Vienna, Mutares SE & Co. KGaA, Munich (www.mutares.com), acquires companies in situations of upheaval that show significant potential for operational improvement and will be sold again after stabilization and repositioning. Group sales of EUR 5.7 billion to EUR 6.3 billion are expected for the 2024 financial year. Based on this, Group sales are expected to increase to around EUR 7 billion by 2025 and to EUR 10 billion by 2028. Revenue from advisory services and management fees, which together with dividends from the portfolio and exit proceeds will flow to the Mutares holding company, will also increase in line with portfolio growth. On this basis, the holding company is expected to generate net income of EUR 108 million to EUR 132 million for the 2024 financial year, EUR 125 million to EUR 150 million for the 2025 financial year and EUR 200 million for the 2028 financial year. The Management Board and Supervisory Board jointly hold more than one third of all Mutares shares with voting rights. The shares of Mutares SE & Co KGaA are traded on the Regulated Market of the Frankfurt Stock Exchange under the symbol "MUX" (ISIN: DE000A2NB650) and have been included in the SDAX selection index since December 2023.

 

For further information, please contact:

Mutares SE & Co. KGaA
Investor Relations
Phone +49 89 9292 7760
E-Mail: ir@mutares.de
www.mutares.com

Contact Press Germany
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Phone +49 89 125 09 0333
E-Mail: sh@crossalliance.de
www.crossalliance.de

Contact Press France
CLAI
Matthieu Meunier
Phone: +33 06 26 59 49 05
E-mail: matthieu.meunier@clai2.com

Contact Press United Kingdom
14:46 Consulting
Tom Sutton
Phone: +44 7796 474940
E-mail: tsutton@1446.co.uk



27.09.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


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: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1996843

 
End of News EQS News Service

1996843  27.09.2024 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1996843&application_name=news&site_id=boersengefluester~~~ace3d64b-2049-452a-8d18-fbc8044c4b5f
Visual performance / price development - Mutares SE & Co. KGaA
Smart analysis and research tools can be found here.

This publication was provided by our content partner EQS3.

EQS Newswire
via EQS - Newsfeed
EQS Group AG ©2024
(DGAP)
Contact:
Karlstraße 47 D-80333 München
+49 (0) 89 444 430-000

 

SMART * AD
EN GIF 970X250

P R O D U C T   S U G G E S T I O N S

The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.


The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.

If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.

For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.


1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.