• Mutares Holding's net profit for the financial year 2025 increased to EUR 130.4 million (previous year: EUR 108.3 million)
• Group revenue increases to EUR 6.5 billion (previous year: EUR 5.3 billion), EBITDA rises to EUR 675.3 million (previous year: EUR 117.1 million), adjusted EBITDA improves to EUR -31.2 million (previous year: EUR -85.4 million)
• The forecast predicts Group revenue of between EUR 7.9 billion and EUR 9.1 billion for the financial year 2026 and a net profit of EUR 165 million to EUR 200 million for Mutares Holding
• Medium-term targets until 2030: growth of at least 25% per year in Group revenue and net profit at Mutares Holding
• Capital increase successfully completed, especially for further expansion - strong growth expected in the USA and Asia

Munich, April 28, 2026 - Mutares SE & Co. KGaA $MUX (+2,97 %) (ISIN: DE000A2NB650) ("Mutares", "Mutares Holding" or "Company" and together with its subsidiaries "Mutares Group") today presented its annual report for the financial year 2025, including the consolidated financial statements as well as the combined management and group reports, which were published together with an unqualified auditor's opinion. Despite ongoing economic and geopolitical uncertainties, the company is optimistic about the future given its accelerated international expansion.

Mutares Holding's net profit increased to EUR 130.4 million

The revenue of Mutares Holdingwhich comes from advisory services of affiliated companies and management fees, reached EUR 106.2 million in the financial year 2025 (previous year: EUR 109.8 million). Mutares Holding's net profit under commercial law amounted to EUR 130.4 million in the financial year 2025 (previous year: EUR 108.3 million). The increase in profit was significantly influenced by the increased exit activity in the reporting period, with the complete sale of Steyr Motors being the outstanding transaction that had a decisive impact on profits in financial year 2025.

In the financial year 2025, the Mutares Group generated revenue of EUR 6.5 billion (previous year: EUR 5.3 billion). Consolidated EBITDA (earnings before interest, taxes, depreciation and amortization) in accordance with IFRS amounted to EUR 675.3 million (previous year: EUR 117.1 million), influenced among other things by gains from a bargain purchase and the positive contributions from disposals in the financial year. Adjusted EBITDA, which is specifically adjusted for the effects of regular changes in the portfolio composition, improved to EUR -31.2 million (previous year: EUR -85.4 million). Adjusted EBITDA was influenced in particular by the new acquisitions made in the financial year, especially Buderus, as well as by a persistently challenging environment at Lapeyre and Byldis. This was offset by extremely encouraging progress in restructuring and development at Efacec, Donges, SFC Solutions and Guascor Energy.

Significant expansion and internationalization of the portfolio

Mutares rapidly increased its portfolio in the reporting year. The focus was on scalable platform investments, targeted additional acquisitions and consistent internationalization - particularly in China and the USA. With the acquisitions in the 2025 financial year, Mutares acquired companies with combined annual revenues of around EUR 2.5 billion, thereby significantly expanding the Group's base.

An important highlight of the 2025 financial year was the acquisition of Magirus as a new platform in the business-critical specialty vehicles segment in the infrastructure and specialty industry segment. The globally established brand stands for technological excellence, a strong international market position and a robust end market profile. The strategic positioning was further strengthened by the add-on acquisition of Achleitner: the portfolio is being specifically expanded to include defence and security vehicles, which significantly increases the addressable market and creates additional synergies in sales and internationalization.

At the same time, international expansion was continuously accelerated. In China, Mutares strengthened its presence in one of the world's most dynamic automotive markets by acquiring a majority stake in HSR/HST for Amaneos as an add-on acquisition. In North America, expansion continued with the acquisition of TSM for the FerrAl United Group, and industrial expertise in the field of precision components was strategically expanded.

Overall, Mutares has thus significantly expanded its revenue base and further increased the diversification of its portfolio.

Increased exit activities underline value creation

Mutares impressively confirmed the effectiveness of its business model in the 2025 financial year with numerous exit transactions. The focus was on two outstanding capital market transactions: Steyr Motors and Terranor. The complete exit from the former company is a special milestone, as it represents the most successful investment in the company's history. Following the successful IPO of Steyr Motors in the 2024 financial year and a gradual reduction of the stake, Mutares sold its remaining 23% stake in full to institutional investors from Austria and abroad in a highly sought-after private placement in November 2025. During the entire holding period, Mutares generated gross proceeds of over EUR 170 million and a ROIC well above the target range.

Mutares also achieved significant value with Terranor. With the listing on the Nasdaq First North Growth Market in Stockholm in June 2025, Terranor was successfully positioned on the capital market. In a first step, Mutares sold 25% of its shares, followed by a further placement in December 2025, which reduced the stake to 57%. Both transactions met with strong demand from national and international investors and also led to a ROIC well above the target range.

With the sale of Fuentes shortly before the end of the year, Mutares once again demonstrated its ability to identify companies with solid business models and attractive market positions and to achieve a significant increase in value within a very short period of time by implementing important operational improvements.

This strong exit momentum continued in the current financial year 2026. The successful sale of Kalzip, WIJ Special Media (formerly part of Prénatal) and the inTime Group as well as the signed agreements to sell Relobus and Conexus enabled the optimization of the portfolio and the increase in value. In addition, Mutares expects further attractive exits with significant potential for value creation in the further course of the year, particularly for investments in the defense, energy and energy infrastructure sectors in the Engineering & Technology segment.

Portfolio resegmentation implemented in the 2025 financial year

In the course of the 2025 financial year, Mutares carried out a restructuring of the portfolio in response to changing market conditions and, in particular, changes in the portfolio as a result of completed acquisitions and exit transactions. The aim is to align the strategic control and operational management of the portfolio companies even more closely with their operating business models.

At the center of the new structure was the introduction of the Infrastructure and Special Industry segmentsegment, which bundles portfolio companies from the critical infrastructure sector and other highly specialized industries, including the defence sector. The investments from the former retail and food segment were transferred to the expanded Goods and Services segment segment, which now combines thematically cyclical consumer and service companies. Automotive & Mobility remains an early-cycle segment, while Engineering & Technology continues to cover late-cycle sectors.

Partially supportive operating performance in the Mutares portfolio

In a market environment that remained challenging in some areas, particularly in Automotive & Mobility and in parts of the Goods & Services segment, Mutares' portfolio companies introduced and/or continued comprehensive restructuring and transformation programs in the financial year 2025. Portfolio companies such as Efacec, NEM Energy Group, Magirus and Donges SteelTec are benefiting from positive momentum with strong order intake and thus increasing profitability. The market environment remains extremely attractive: increasing electrification as part of the energy transition, rising demand for electricity due to artificial intelligence and a significant increase in defense budgets are ensuring that demand remains high. At the same time, growing competition for high-quality assets is leading to rising valuations and opening up further attractive exit opportunities with considerable potential for value appreciation.

In the reporting period, the portfolio companies in the Automotive & Mobility segment segment continued to face short-term cancellations or postponements of orders from car manufacturers in some cases. Nevertheless, the segment's sales rose to 2,506.6 million euros in the 2025 financial year (previous year: 2,223.2 million euros). The increase was mainly due to the segment's acquisitions, in particular SFC Climate as an additional acquisition for the SFC Group at the beginning of the 2025 financial year and Matikon in the previous year and Matikon Trim in the 2025 financial year as additional acquisitions for Amaneos. The segment's EBITDA amounted to EUR 109.4 million (previous year: EUR 130.1 million) and was influenced by gains from a bargain purchase totalling EUR 208.2 million (previous year: EUR 219.7 million). Adjusted EBITDA improved to EUR -8.9 million (previous year: EUR -45.9 million), mainly due to the improved profitability at LMS and the positive profit contributions from the newly acquired SFC Climate and TSM (FerrAl United Group).

The portfolio companies in the Engineering & Technology & Technology[1] segment generated sales of EUR 1,337.3 million in the 2025 financial year (previous year: EUR 1,181.0 million). In addition to the full-year consolidation of the Sofinter Group, which was acquired in the previous year, the organic sales growth of the Efacec Group and the Donges Group also contributed to this result. In contrast, sales at Byldis fell year-on-year against the backdrop of a continued weak construction sector. The segment's EBITDA reached EUR 270.3 million (previous year: EUR -49.0 million) and was influenced by the successful partial exit of Steyr Motors, among other things. The adjusted EBITDA of EUR 35.3 million (previous year: EUR -9.9 million) reflects the positive development of Efacec, Guascor Energy and the Donges Group, each of which recorded a welcome increase in profits.

The subsidiaries in the Infrastructure and Special Industry segmentsegment, which was newly established in the 2025 financial year, generated sales of 1,235.5 million euros in the reporting year (previous year: 275.3 million euros). This increase is mainly due to new acquisitions, in particular Magirus, Buderus Edelstahl and Nervión. The segment's EBITDA reached EUR 255.9 million (previous year: EUR 16.7 million) and was significantly influenced by the profits from the bargain purchase of the acquisitions, in particular Magirus and Buderus Edelstahl. Adjusted EBITDA for the reporting period amounted to EUR -14.4 million (previous year: EUR 17.1 million) and reflects in particular the negative profit contribution from Buderus, while other newly acquired investments in the segment, in particular Kuljettava, already made positive contributions and the Terranor Group increased its profitability compared to the previous year.

Sales in the Goods and Services segment amounted to 1,404.6 million euros in the 2025 financial year (previous year: 1,581.9 million euros). The decline, which is attributable to disposals in both the current and previous financial year as well as organic sales declines at Lapeyre and Stuart, could not be fully offset by new acquisitions. The segment's EBITDA amounted to EUR 42.5 million (previous year: EUR 17.8 million), with performance in both the current and previous financial year benefiting from the effects of acquisitions and disposals - in the reporting period from the partial disposal of Locapharm and in the previous year from the disposal of Frigoscandia. Adjusted EBITDA for the reporting year amounted to

EUR -50.6 million (previous year: EUR -51.8 million), with the trend being negatively impacted by the decline in profitability at Stuart and Lapeyre due to falling sales and the negative profit contribution from Natura, while other portfolio companies in the segment, led by GoCollective and Alterga, recorded a pleasing increase in adjusted EBITDA compared to the same period of the previous year.

Adjusted EBITDA varies significantly between the three stages of value creation that portfolio companies typically go through during their time with Mutares (Realignment, Optimization and Harvesting). As in the past, the classification of the portfolio into these three phases was adjusted with the publication of the results for the first quarter of the financial year based on the progress made in the transformation as well as the submitted and approved budget.

Proposed dividend of EUR 2.00 per share

Mutares pursues a dividend policy that enables shareholders to participate directly and continuously in the company's success while supporting the financing of the Group's further expansion and growth. For the financial year 2025, the Management Board and the Supervisory Board will propose to the Annual General Meeting on July 3, 2026 the distribution of a total dividend of EUR 2.00 per share, which Mutares considers to be a minimum dividend. Should a significant contribution to profits and liquidity exit in the future, Mutares intends to provide shareholders with a windfall profit through a performance dividend.

Non-fulfilment of a financial covenant at the end of the financial year 2025 and waiver of a review before June 30, 2026

In the 2025 financial year, a condition relating to the ratio of consolidated net debt to consolidated equity, as contained in the terms and conditions of the 2023/2027 bond (ISIN NO0012530965) and the 2024/2029 bond (ISIN NO0013325407), was not met. Based on the already signed acquisitions of Wartsila Gas Solutions and the ETP business of SABIC, the Management Board expects the financial ratio to be reached again by the end of June 2026 and to be significantly below the threshold. Mutares has therefore requested the bondholders pursuant to a written procedure ("Written Resolution"), as provided for in the terms and conditions of the Bonds, to waive compliance with the financial ratio regarding consolidated net debt to consolidated equity for the financial year 2025, effective as of June 29, 2025, and has received broad approval. In this context, the review of compliance with this financial ratio will also be waived until June 29, 2026.

Further reduction of the planned Mutares bonds

With regard to Mutares Holding's debt, the plan is to reduce the outstanding nominal amount between the two bonds from the current EUR 385 million to a nominal amount of EUR 250 million to EUR 300 million by the end of the financial year 2026. To this end, the Management Board intends to purchase at least EUR 25 million of the 2023/2027 bond from the second quarter of the 2026 financial year.

Against this background, Mutares intends to offer the creditors of the 2023/2027 Bond a partial repurchase of the Bond in the amount of up to EUR 25 million (subject to an adjustment of the volume) in exchange for cash in a voluntary public offer ("Offer"). The Offer Period is scheduled to commence on May 8, 2026. The repurchase price under the Offer will be announced in the Offer Documents.

The Company will publish further details of the Offer on its website (https://ir.mutares.com/) prior to the commencement of the Offer Period.

Important strategic decisions taken after the balance sheet date - new segment as additional growth driver

Following the balance sheet date, Mutares set a key strategic course for the next phase of the Group's development. The focus is on a transformative acquisition that will sustainably expand the company's industrial footprint.

With the agreement signed in January 2026 to acquire SABIC's Engineering Thermoplastics business in the Americas and Europe, Mutares marks a significant milestone in the company's history. The deal is expected to close in the second quarter of 2026. With revenues of approximately EUR 2.0 billion and equity of around EUR 2.0 billion, this is the largest acquisition in Mutares' history.

The transaction also lays the foundation for the establishment of the new "Chemicals & Materials" segment in the financial year 2026, through which Mutares will enter the specialty chemicals and high-performance materials sector on a significant scale for the first time. The new segment creates an additional, globally oriented growth pillar with a strong presence, particularly in North and South America. The broad customer base in attractive industries and established premium brands offer excellent conditions for operational excellence, innovation and sustainable value creation in the new segment. The development of the segment will be complemented by further transactions, including Venator Ultramarine Blue Pigments.

With the successful completion of the capital increase in April 2026, which generated gross proceeds of EUR 105 million, Mutares has also laid the foundation for further growth and expanded its successful business model as part of its accelerated US expansion. In addition to the existing office in Chicago, Mutares plans to open a second office in the US to fully exploit the potential of the US market. The current transaction pipeline in the USA includes attractive acquisition opportunities with a total sales volume of around EUR 4.8 billion. The first effects of the US expansion can already be seen in the agreements signed in April 2026 to acquire two Magna suppliers as add-on products for Amaneos and FerrAl United - specifically to strengthen the HiLo Group.

Forecast for 2026 and medium-term outlook

Based on the transactions concluded and signed as of the preparation date for the current financial year 2026, the assumptions regarding further planned transactions during the year and the plans for the individual portfolio companies, the Management Board expects the revenues of the Mutares Group to increase to between EUR 7.9 billion and EUR 9.1 billion for the financial year 2026 (financial year 2025: EUR 6.5 billion).

Mutares Holding's net profit will be influenced primarily by income from the advisory business, dividends from portfolio companies and, in particular, exit proceeds from the sale of investments. According to the Management Board's expectations, the latter are also expected to make a disproportionately large contribution to net profit in the 2026 financial year. In this context, the Executive Board expects the gross proceeds (sales prices) from the planned exit transactions received by the company as cash flows to be significantly higher in the 2026 financial year than in the previous year (2025 financial year: approx. EUR 230 million). On this basis, the company's net profit for the 2026 financial year is expected to be between EUR 165 million and EUR 200 million.

The increasing internationalization, combined with the establishment of the new "Chemicals & Materials" segment, opens up additional growth opportunities for Mutares. Accordingly, the Management Board is aiming for annual growth in Group revenue of at least 25% until financial year 2030. At the same time, Mutares Holding's net profit is expected to increase by at least 25% annually. With regard to the previously communicated medium-term targets of EUR 10 billion in consolidated revenues and a net profit of EUR 200 million for Mutares Holding by the financial year 2028, Mutares expects to achieve these significantly earlier.

I have been invested with a medium position in the trading portfolio since the announcement of the capital increase, exercised my subscription right and increased the position again today and the share is back in my main dividend portfolio after the sale last summer

$MUX (+2,97 %)

📊 𝐄𝐫𝐠𝐞𝐛𝐧𝐢𝐬𝐬𝐞

- Strong 2025 result confirmed

- Robust start in 2026

⠀

🎯 𝐏𝐫𝐨𝐠𝐧𝐨𝐬𝐞

- Turnover FY 2026: €7.9-€9.1B

- Holding company net profit for the year: €165-€200M

⠀

📌 𝐖𝐢𝐜𝐡𝐭𝐢𝐠𝐬𝐭𝐞 𝐏𝐮𝐧𝐤𝐭𝐞𝐭𝐞

- Successful capital increase strengthens basis for further growth

- Broad approval from bond investors increases financial flexibility

- Record transaction pipeline on the buy and sell side

- Focus on expansion in the USA with pipeline of ~€4.8B sales volume

- Several ongoing exit processes with concrete value realization potential

- Potential exit with proceeds in the triple-digit million range in final phase

- Magirus as a key asset with strong momentum and exit options (IPO/sale)

⠀

💬 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭-𝐀𝐮𝐬𝐬𝐜𝐚𝐠𝐞

"We currently see a particularly attractive market environment in the USA with compelling entry opportunities and promising exit prospects in the coming years."

$MUX (+2,97 %)

Have you exercised your subscription rights?

Mutares SE & Co. KGaA has successfully completed the capital increase with subscription rights announced on April 1, 2026.

The gross proceeds from the capital increase amount to approximately EUR 105 million. The majority of the proceeds (approximately 80%) will be used for further expansion in the US through selected acquisitions, where a dynamically growing pipeline of attractive transactions is available, as well as for pursuing new opportunities across Europe. The remaining proceeds (around 20%) will be used to strengthen the balance sheet.

https://mutares.com/mutares-se-co-kgaa-schliest-kapitalerhohung-mit-bezugsrecht-erfolgreich-ab/

...or why I'm sticking with it...

》 the upward trend $MUX (+2,97 %) still exists since 2022

》guaranteed €2 + performance bonus if applicable

》there are still big premiums in the IPO with Ameneos alone

》Pipeline well filled

》The portfolio is growing and the promised 200 million sales have also been achieved

》Exaggerated market reaction

》has so far been bought up again and again even after all the announcements

》Subscription right (€24.50) is just below equity and dividends continue to run

》Laik and Laumann already know what they're doing and now it's time to take it to the next level

》Conclusion《

Sure, it's a bit of a bump right now, but so far nobody has been disappointed, because the upward channel is still active and continues to be bought up...

...so I'll exercise my option right and thank me later 👌

What a wild ride that was, please ?!? Even the poor kangaroo gets sick...

🦘📈🦘📉🦘📈🦘📉🦘📈 🦘

...and personally don't really believe that the current situation is the end of "Pinky and the Brain"...

... "Pinky" still has to live up to the bets of all his boddies, has his back to the wall domestically with regard to the mid-terms and "the Brain" still has no interest in the end, after all, he still wants to permanently occupy at least southern Lebanon (incorporate the country) and therefore continues to escalate...

...my conclusion from this is that "Pinky" will launch a limited ground offensive over Easter or shortly afterwards in order to sell it strategically at home or to be able to announce something successful at all, the outcome of which is still completely open, while "the Brain" is already forging plans on how he can continue to pursue his goals even after a possible US exit - the end is open - regardless of the fact that the energy issue will still not be resolved after the end 🤷🏻‍♂️

But let's get back to March...

...even though the month was difficult, it ended with a small gain on the bottom line or even just below the last ATH...

...shows me, conversely, that my consistent strategy and steady fingers have been able to survive such market phases relatively well so far 💪🏻

In terms of the year as a whole, the first quarter has also been relatively successful for the circumstances and when I think about the fact that the overall portfolio is just ~1.5-2% below my chosen September milestone, the whole thing reassures me immensely or rather... is going better than forecast 🫠

In the long term, of course, everything is still on target and so not only are the nights still calm and cozy, but I also know that the dividends will continue despite everything, which brings us back to the next topic...

》Dividends《

This month there were €116.68 net dividends, which means an increase of 164.41% YOY 💪🏻

YoC (TTM) is ~6% and thus slightly below the target range, although the good months are yet to come...

》Outflows《

$PDI (+0,07 %) (35x)

$VICI (+0,21 %) (35x)

》Accesses《

$ALV (+1,84 %) (5x)

$EVD (+0,46 %) (25x)

$FWRG (+1,19 %) (73x)

》TOP 3《

$3750 (+4,16 %) +28,67% (+89,65%)

$VAR (+1,87 %) +23,61% (+55,54%)

$HAUTO (-1,8 %) +11,31% (+79,18%)

》FLOP 3《

$HSBA (-3,36 %) -8,25% (+45,21%)

$ASWM (+2,39 %) -6,51% (-8,38%)

$MUX (+2,97 %) -5,70% (+27,30%)

Furthermore, all contracts for the continuation of my training were signed and sealed this month, which was also pleasing and comes with a small salary increase 😊

That's all from me for now and I wish us all a successful April

Not going down so well right now, what $MUX (+2,97 %) has just published. I don't think it's an April Fool's joke.

Munich, April 01, 2026 - Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has resolved, with the approval of the Supervisory Board, to carry out a capital increase against cash contributions in order to finance the next phase of international expansion in a targeted manner.

As part of the transaction, up to 4,269,651 new shares are to be issued, corresponding to up to 20% of the existing share capital. Mutares expects to raise gross proceeds of up to EUR 105 million upon full placement. Major shareholders have waived their subscription rights for up to 1,076,166 new shares. These new shares will initially be offered to institutional investors in private placements as part of an accelerated pre-placement immediately after the announcement.

Existing shareholders will be granted subscription rights at a subscription ratio of 5:1. This means that each free float shareholder of the company is entitled to acquire one (1) new share at the subscription price for every five (5) existing shares. The subscription period is currently scheduled for the period from April 8 to April 21, 2026 inclusive.

Mutares is using the funds from the capital increase to consistently drive forward the international expansion of its portfolio. The majority of the proceeds (around 80%) will be used in particular for further expansion in the USA, where there is a dynamically growing pipeline of attractive transactions, as well as for the development of new opportunities in Europe. The remaining funds (around 20%) will be used to strengthen the balance sheet.

The capital measure underlines Mutares' ambition to accelerate the increasing internationalization of its portfolio and to build new platforms with global scale. In North America in particular, there is currently considerable potential for value-enhancing transformation investments in attractive industries.

The timing is deliberate: With the acquisition of SABIC's ETP business signed in January and the expansion of the segment to include Chemicals & Materials, Mutares has built up strong momentum, which has led to significantly increased visibility in the market and noticeably intensified cooperation with key stakeholders such as banks, insurance companies and consultants. Mutares is making targeted use of this momentum to address the Group's currently largest transaction pipeline in the USA and to invest consistently in a highly attractive market environment.

In addition to the already active office in Chicago, Mutares is therefore planning to open a second office in the USA in order to maximize the potential offered by the US market. The current transaction pipeline in the USA includes attractive acquisition opportunities with a total sales volume of around EUR 4.8 billion.

With the planned capital measure, Mutares is strengthening its financial flexibility to consistently implement its ambitious growth targets for the coming years and to initiate the next phase of value creation. At the same time, the large and fragmented US market allows for an accelerated expansion and scaling of existing platforms through targeted add-on acquisitions. Following a successful transformation, the investments will benefit from a broad strategic group of buyers and structurally higher valuation levels, which will open up additional potential for value appreciation.

Furthermore, the expansion in the USA strengthens the geographical diversification of the portfolio and, in particular, complements the development of the new Chemicals & Materials segment, which is based on a globally scalable platform. Overall, this environment creates ideal conditions for sustainably accelerating Mutares' international growth strategy and realizing above-average returns.

Johannes Laumann, CIO of Mutares, comments: "The US currently offers an exceptionally attractive setup for us. Mutares can use its operational restructuring expertise in a targeted manner and structure transactions at attractive entry conditions, which, in combination with extremely attractive exit options on the US market, results in a correspondingly high potential for value appreciation. We are ready for the USA and want to play an identical role in the market for special situations there in the medium term as we do in Europe today; namely to become number 1."

March 16, 2026, 09:11

The sale of investments helps the Munich-based financial investor Mutares $MUX (+2,97 %) to a leap in profits. According to preliminary calculations, consolidated operating profit increased more than sixfold to EUR 733.5 million in 2025, Mutares announced on Monday. Turnover increased by just under 23 percent to EUR 6.5 billion. This figure was at the lower end of the targeted range of EUR 6.5 to 7.5 billion. Mutares forecast revenue of between EUR 7.9 and 9.7 billion for 2026. Sales are expected to increase by 25 percent annually until 2030.

• Leading Dutch data and media company for young families
• Strategic divestment of WIJ Special Media B.V. for the next phase of growth
• Prénatal positioned to focus on core retail businesses

Munich, 16. February
2026 - Mutares SE & Co. KGaA (ISIN: DE000A2NB650) $MUX (+2,97 %) has successfully sold a part of its portfolio company Prénatal, WIJ Special Media B.V. ("WSM"), a leading data-driven media company in the Netherlands with a focus on pregnant women and young families, to N2COM.

WSM, founded in 1974 and headquartered in Blokker, is known for its unique ability to collect and commercialize first-party data and serves over 80% of pregnant women in the Netherlands. WSM's business model combines data-driven insights, targeted media content and a broad portfolio of consumer and B2B services, including magazines, sampling, online channels and government campaigns.

WSM is part of Prénatal Netherlands, which was acquired by Mutares in December 2023 as part of its strategy to strengthen its presence in the market for young families and parents. Prénatal's development as a leading retailer for young families has created a strong foundation for WSM's growth. The divestment will allow both Prénatal and WSM to focus on their respective core activities and create additional value for stakeholders while maintaining a professional partnership between the two companies going forward.

The divestment of WSM is part of Mutares' strategy to focus on core assets and allow WSM to realize its full potential as an independent company. The new ownership structure will provide WSM with the resources and strategic focus to accelerate innovation, drive growth and strengthen its leadership role in the young parent space.

Johannes Laumann, CIO of Mutares, comments: "The withdrawal of WIJ Special Media is a natural next step in the ongoing development of Prénatal Netherlands. By focusing Prénatal's activities on the core retail business, we enable both Prénatal and WSM to pursue their own growth strategies. WSM has played a key role in strengthening Prénatal's position in the young family and parenting market and we are proud of the operational improvements and value creation achieved during our ownership. We are confident that this transaction will allow Prénatal to sharpen its strategic focus, while WSM, as an independent company, is well positioned to accelerate its growth and continue its success story."

Mutares SE & Co. KGaA $MUX (+2,97 %) has signed an agreement to acquire the flooring business of Hamberger Industriewerke GmbH.

The company will strengthen the Goods & Services segment as a new platform investment and the transaction is expected to close in the second quarter of 2026, subject to customary regulatory approvals.

The company is a market-leading manufacturer of parquet and other hard floor coverings and operates under the well-known HARO brand.

It has sites in Germany and Bulgaria with two highly automated production facilities and a global distribution network in more than 70 countries.

With over 700 employees, the company produces parquet, laminate, design flooring, sports flooring and acoustic panels. Thanks to advanced production technology and a high degree of automation, the company generates sales of around EUR 150 million.

Founded in 1866, the company can look back on a long tradition and is a market leader in the German parquet market thanks to its strong customer relationships with specialist retailers and DIY store chains.

The company offers a strong platform with compelling value creation potential, an attractive presence in Europe and strong growth momentum in Asia, and is well positioned to benefit from the current market environment.

Johannes Laumann, CIO of Mutares, comments: "The flooring business represents an exceptional opportunity to acquire Germany's leading parquet manufacturer with a globally recognized premium brand. With its strong heritage, modern production capabilities and a clear roadmap for value creation, the business is an excellent fit for Mutares' portfolio. We see significant potential to further strengthen the business in its core markets and accelerate its growth trajectory, particularly in Asia."