Mutares Reports EUR 108.3 Million Net Income in 2024

Mutares SE & Co. KGaA announced preliminary figures for 2024, noting a net income of EUR 108.3 million and Group revenues exceeding EUR 5 billion. Mutares Holding's revenues from consulting services rose by 6% to EUR 109.8 million. Significant earnings were driven by the listing of Steyr Motors and the sale of Frigoscandia.

The Group's revenues increased by 12% to approximately EUR 5.26 billion, boosted by a high level of acquisition activity and expansion of the portfolio. Adjusted EBITDA, especially affected by portfolio changes, was EUR -85.4 million, with the automotive and mobility segment seeing the most significant revenue growth to EUR 2.23 billion.

Despite delays in publishing the audited financial statements due to additional documentation requirements, Mutares plans to release the audited results on May 20, 2025. Acquisitions and exits continued, further expanding their portfolio internationally, notably in the US and China.