Mutares Expects Strong Q4 2024 with High M&A Activity

Mutares SE & Co. KGaA anticipates a robust fourth quarter in 2024, driven by significant M&A activity. The company forecasts exceptional performance in its Engineering & Technology, Goods & Services, and Retail & Food segments. Progress in the automotive & mobility sector is also set to present first-exit opportunities.

Following a subdued third quarter, Mutares plans up to five acquisitions, investing up to EUR 20 million. This is expected to yield over EUR 600 million in turnover and at least two exits in 2024. Steyr Motors, acquired in 2022, has shown strong operational turnaround and is targeted for potential public listing and partial divestment by year-end.

Steyr Motors is projected to generate an Adjusted EBIT of over EUR 10 million in 2024. The market momentum has provided it with an increased order book and opportunities. Expectations for an Adjusted EBIT of more than EUR 40 million by 2027 are deemed conservative.

Mutares's CIO, Johannes Laumann, expressed confidence in achieving the company's ambitious goals and hinted at positive surprises on both buying and selling fronts.