Mutares SE & Co. KGaA / DE000A2NB650
04.03.2024 - 16:00:08Mutares has successfully sold its portfolio company Frigoscandia to Dachser
| Mutares SE & Co. KGaA / Key word(s): Disposal 04.03.2024 / 16:00 CET/CEST The issuer is solely responsible for the content of this announcement. Successful turnaround and repositioning of Frigoscandia Significant contribution to Mutares-Holding net income for fiscal year 2024 Munich, March 4, 2024 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully sold its portfolio company Frigoscandia to Dachser, a global leader in groupage logistics. Headquartered in Helsingborg, Sweden, Frigoscandia is a full-service provider of temperature-controlled logistics in the Nordic market. With around 1,300 people the company generated more than EUR 300 million in revenues in 2023. After the acquisition by Mutares in 2021 from Posten Norge, Frigoscandia achieved a successful realignment and cemented its position as the leading player in the Nordic temperature-controlled logistics sector. Under Mutares’ ownership, Frigoscandia implemented a series of turnaround measures as well as strategic M&A activities, including the divestment of its French business and the add-on acquisition of Polar Frakt and GKT. Frigoscandia is well-placed in a dynamic and growing market, and significantly strengthens Dachser’s position in food logistics in the Nordics. Company profile of Mutares SE & Co. KGaA Mutares SE & Co. KGaA, Munich (www.mutares.com), a listed private equity holding company with offices in Munich (HQ), Amsterdam, Frankfurt, Helsinki, London, Madrid, Milan, Paris, Shanghai, Stockholm, Vienna and Warsaw, acquires medium-sized companies in special situations which show significant operational improvement potential and are sold again after undergoing a repositioning and stabilization process. For the fiscal year 2023, consolidated revenues of EUR 4.8 billion to EUR 5.4 billion are expected. Based on this, consolidated revenues are to be expanded to approx. EUR 7 billion by 2025 and EUR 10 billion by 2028. As the portfolio grows, so do consulting revenues, which together with portfolio dividends and exit proceeds accrue to the Mutares Holding. Accordingly, net income in the holding company is expected to be in the range of EUR 125 million to EUR 150 million for the fiscal year 2025 and EUR 200 million for the fiscal year 2028. The Management Board and Supervisory Board together 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 part of the selection index SDAX since December 2023. For more information, please contact: Mutares SE & Co. KGaA Investor Relations Phone +49 89 9292 7760 E-mail: ir@mutares.de www.mutares.de Contact Press CROSS ALLIANCE communication GmbH Susan Hoffmeister Phone +49 89 125 09 0333 E-mail: sh@crossalliance.de www.crossalliance.de Contact Press Sweden Kekst CNC Adam Hedengren-Deria Phone: +46 76 135 30 76 E-mail: adam.hedengren-deria@kekstcnc.com www.kekstcnc.com 04.03.2024 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: | 1849595 |
| End of News | EQS News Service |
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