The press spokesman of @SAUgut777 has news about $MUX (-1,58 %) for you 😂😉....

• Leading provider of infrastructure and construction, transportation and machine rental services
• Strategic add-on acquisition for GDL Anläggning & Miljö, strengthening the infrastructure and special industry segment and expanding the Nordic presence
• Turnover of approx. 35 million euros

Munich, December 1, 2025 - Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of M3 Schakt AB, M3 Rental AB and Schaktförmedlingen Sverige AB ("M3 Group"), a Swedish transport, construction and equipment rental provider specializing in infrastructure projects such as metros, roads and railroads and serving large private construction companies. The transaction is an add-on acquisition for GDL Anläggning & Miljö in the infrastructure and specialty industry segment.

For GDL Anläggning & Miljö, the acquisition of M3 Group offers lucrative synergies, strategic geographic expansion and the strengthening of all business areas. With approx. 44 employees and a robust network of subcontractors, the company generated a turnover of approx. 35 million euros in the financial year 2024. The acquisition will further expand Mutares' Nordic footprint and strengthen its presence in the Nordic infrastructure and construction market.

$4X0 (+4,97 %)
$MUX (-1,58 %)

From the great hype surrounding the share in March of this year, when the shares traded up to EUR 300 intraday, it went straight into the abyss. Once the meme sales had been quenched, the shares were able to consolidate at a value of around 50 euros over the course of the year.

Since Monday, however, the Steyr share has once again fallen sharply. This is because the armaments fantasy, which had triggered the great hype, is fading in view of the statements made by the company this week.

The company lowered its forecast, causing the share price to collapse to around EUR 50.

Based on the updated estimate, the Steyr Motors Management Board expects turnover of between 48 and 52 million euros for the 2025 financial year. This would correspond to an increase in turnover of 15 to 25 percent compared to the 2024 financial year. Previously, however, an increase of 40 percent had been expected

$MUX (-1,58 %)

As the Munich-based company announced on Thursday, it placed its remaining 23 percent stake in the Austrian engine manufacturer with institutional investors from Germany and abroad.

Mutares had acquired Steyr in the fourth quarter of 2022 and then floated the company on the stock exchange in October 2024. From March 2025, the company then gradually disposed of further shares. With the current placement, Mutares has now completely exited the shareholder group of Steyr Motors, the press release continued.

For the company, the investment in Steyr Motors, whose shares were temporarily driven by defense fantasies, has paid off: Overall, gross proceeds of EUR 170 million were generated over the entire holding period, according to the statement, Mutares was able to achieve a return on investment (ROIC) "significantly" above its own target range.

Mutares SE & Co. KGaA $MUX (-1,58 %) ("Mutares" or "Mutares Holding" and, together with its subsidiaries, "Mutares Group") has published the figures for the first nine months of the financial year 2025.

》Net profit of Mutares Holding +56%《

The revenues of Mutares Holding, which result from consulting services and management fees from the portfolio companies, amounted to EUR 77.6 million in the first nine months of 2025 (previous year: EUR 84.3 million)☑️

The net result of Mutares Holding amounted to EUR 83.5 million in the period from January to September 2025 (previous year: EUR 53.5 million)✅️

The successful partial sale of the Steyr Motors investment and the partial exit of Locapharm had a significant impact on the increase in earnings. $4X0 (+4,97 %) and the partial exit of Locapharm, while the prior-year period was positively influenced in particular by the exit of Frigoscandia.

The Mutares Group generated revenue of EUR 4,725.3 million in the first nine months of 2025 (previous year: EUR 3,892.8 million)✅️

The increase is due to the high level of acquisition activity in the financial year 2024 and in the reporting period itself.

Group EBITDA (earnings before interest, taxes, depreciation and amortization) regularly benefits from gains from bargain purchases from completed acquisitions; these amounted to EUR 630.5 million in the first nine months of 2025 (previous year: EUR 203.4 million)✅️

Adjusted EBITDA, adjusted in particular for the effects of regular changes in the composition of the portfolio due to the business model (gains from bargain purchases and deconsolidation effects), amounted to EUR -62.5 million for the first nine months of 2025 (previous year: EUR -16.5 million)❌️

Adjusted EBITDA was influenced in particular by the new acquisitions of the financial year, above all Buderus and Magirus, as well as the continued challenging environment at Lapeyre.

However, this was offset by extremely pleasing restructuring and development progress at Efacec, Donges, SFC Solutions (part of Amaneos) and Guascor Energy.

》Portfolio expansion continued《

After completing a total of eleven transactions in the first nine months of 2025, Mutares continued to expand its portfolio.

In the third quarter, Fuentes, a temperature-controlled food logistics company, was acquired, and Mutares also successfully completed the acquisition of inTime Group, a pan-European specialist for time-critical transportation, third-party and fifth-party logistics and sustainable battery transport management, and Kawneer EU, a provider of façade systems.

After the reporting date, Mutares also completed the acquisition of Zendra Systems, a company active in the production of drum brakes and electric parking brakes, and Achleitner, a leading Austrian specialist for customized special vehicles for off-road, security and defense purposes as an add-on to Magirus (portfolio company).

On the exit side, Mutares completed five sales transactions in the first nine months of 2025, with the reduction of the stake in Steyr Motors to around 23% making a significant contribution to the earnings performance of the Group and the holding company.

At the end of June, the Terranor Group also went public on the $TERNOR on the Nasdaq First North Growth Market in Stockholm and the associated placement of 25% of Terranor shares.

The sale of Buderus Edelstahl business units to the GMH Group was also initiated in the third quarter.

In addition, Mutares received an irrevocable offer for the sale of Clecim to Fouré Lagadec, following the successful repositioning of the company in recent years.

Both transactions were successfully completed after the reporting date of September 30. Well-advanced exit processes are expected to lead to further transactions on the sell-side in the coming months.

》Resegmentation of the portfolio implemented《

In response to changing requirements in the market environment and, in particular, within the portfolio as a result of the acquisitions and exit transactions realized, Mutares has implemented a resegmentation of its operational focus.

Mutares is thus pursuing the goal of aligning the strategic control and operational management of the portfolio companies even more precisely with the different market characteristics and value drivers.

With these 9-month figures, Mutares has implemented the announced new segmentation of the portfolio in external financial reporting for the first time and the previous year's figures have been adjusted in line with the new segmentation.

The core of the new structure is the introduction of the Infrastructure & Special Industry segment, which bundles companies in regulated or infrastructure-based markets - such as energy supply, industrial services or special applications.

At the same time, the holdings of the former Retail & Food segment are being merged into the expanded Goods & Services segment, which now combines non-cyclical consumer and service companies in a thematically consistent manner.

Automotive & Mobility will remain an early-cycle segment, while Engineering & Technology will continue to cover the late-cycle industries.

》Segment overview《

The investments of the segment Automotive & Mobility segment continued to be confronted with cancellations at short notice, postponements of call-offs and delayed series start-ups at customers in the reporting period. Nevertheless, the segment's sales revenue increased to EUR 1,876.7 million in the first nine months of 2025 (previous year: EUR 1,679.7 million)✅️.

The organic decline in revenue in some areas was more than offset primarily by the Matikon Group acquired in the 2024 financial year and SFC Climate and TSM Components acquired in the reporting period.

The segment's EBITDA amounted to EUR 191.3 million (previous year: EUR 184.6 million)✅️ and was positively influenced by gains from bargain purchases in the amount of EUR 181.3 million (previous year: EUR 195.5 million)☑️

Adjusted EBITDA for the segment amounted to EUR 19.0 million (previous year: EUR 1.5 million)✅️

The investments in the Engineering & Technology segment generated revenue of EUR 964.6 million in the first nine months of 2025 (previous year: EUR 796.9 million) ✅️

The positive impetus in sales at an organic level is due to the pleasing development at Efacec, Donges Group and Gemini and ADComms Group.

In addition, the acquisition of Sofinter in the 2024 financial year led to an increase in the segment's revenue.

The segment's EBITDA reached EUR 271.8 million (previous year: EUR -30.5 million)✅️ and was significantly influenced by the successful partial exit of Steyr Motors.

The adjusted EBITDA of EUR 23.5 million (previous year: EUR -9.2 million)✅️ reflects, among other things, the pleasing development at Efacec, Guascor and Donges Group with a significant increase in profitability.

The newly created Infrastructure & Special Industry segment generated revenue of EUR 858.2 million in the first nine months of the 2025 financial year (previous year: EUR 192.8 million)✅️

The increase is due in particular to the new acquisitions in the reporting period, especially Buderus and Magirus.

The segment's EBITDA reached EUR 236.8 million (previous year: EUR 10.3 million)✅️ and was significantly influenced by the gains from the bargain purchase of the acquisitions made, particularly Buderus and Magirus.

Adjusted EBITDA amounted to EUR -48.9 million in the reporting period (previous year: EUR 10.3 million)❌️ and reflects in particular the continued negative earnings contributions from the new acquisitions.

Revenue in the Goods & Services segment amounted to EUR 1,025.8 million in the first nine months of the 2025 financial year (previous year: EUR 1,225.2 million)❌️

The sales trend was offset by the newly acquired investments Natura, Locapharm and Alterga in the second half of 2024, the sale of investments in the previous year (particularly Frigoscandia) and the decline in sales, particularly at Lapeyre.

Segment EBITDA amounted to EUR 20.3 million (previous year: EUR -13.8 million)✅️ , with the development in both the current year and the previous year benefiting from the effects of exits - in particular the partial exit of Locapharm in the reporting period and the exit of Frigoscandia in the previous year.

Adjusted EBITDA amounted to EUR -59.6 million in the reporting period (previous year: EUR -38.6 million)❌️, whereby the development was negatively impacted by the reduced profitability at Lapeyre and Stuart as a result of the decline in sales and the negative earnings contributions from Natura and Locapharm, while other investments in the segment, above all GoCollective and Alterga, recorded a pleasing increase in adjusted EBITDA compared to the same period of the previous year.

Adjusted EBITDA fluctuates significantly along the three phases of value creation that investments usually go through during their affiliation 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 on the basis of the progress made in the transformation and the budget submitted and approved.

》More exits expected in Q4《

Based on the development of the first nine months of 2025, the successfully implemented and signed transactions, including the further transaction pipeline, the Management Board of Mutares sees itself confirmed with regard to the communicated targets for the holding company and the Group.

The Management Board therefore continues to expect an increase in revenues in the Mutares Group to EUR 6.5 billion to EUR 7.5 billion for the financial year 2025.

For the Mutares holding company, a net profit in the range of EUR 130 million to EUR 160 million is expected for the financial year 2025.

This development is based on all sources from which the net income of Mutares Holding is composed, namely on the one hand the revenues from the advisory business and on the other hand the dividends from portfolio companies and in particular the exit proceeds from completed and still to be completed sales of investments.

The aim is to increase Group revenues to EUR 10 billion by 2028 and to achieve a net profit of EUR 200 million for the Mutares holding company.

$MUX (-1,58 %)

https://www.wallstreet-online.de/nachricht/20158179-mutares-56-gewinnsprung-exits-q4-erwartet

Hi everyone, here's a little insight into the October results of my portfolio, and well, there are also some down months - it can't always be a steep upward trend.

However, I am basically satisfied with everything and the minus in October is really within a very manageable range.

If you look at the current year as a whole...

...you quickly realize why I am still very satisfied with the future. It may not be a high performer, but for a value dividend portfolio it's still enough to build on 🫠

》IRR 21.22%《

》TTWROR 61.01%《

I am also relaxed about the future in the long term, because...

...everything is still relaxed at the upper end and let's see what else the crystal ball has in store for the future 🍊 😅

Especially since the goal of generating the FSA 1000/2000€ as quickly as possible through dividend payments has been optimally achieved, creating the potential for me to simply let profits run and not be dependent on sales, although sometimes a small take-away and later re-entry will probably be on the program more often...but that's how you keep feeling your way 🤫

However, as well as dividends, there is also some really good news: the second check-up after my operation in June was still negative and the third is due next month. The first year is always the most critical and so it's important to keep 👍🏻 and push through da....

...but let's stick to the subject of dividends...

In October, the yield was a bit lean and there was only €64.01 net dividend, which still means +76.02% YTD 💪🏻

But things are looking much better again this month, well, minus the beloved tax...

...which brings us to the top and flops of the month:

Top 3

🟢 $RIO (-0,31 %) +10,32% (+16,32%)

🟢 $FTWG (+0,25 %) +3,93% (+10,65%)

🟢 $YYYY (+0,58 %) +3,87% (+7,46%)

Flop3

🔴 $HAUTO (+1,79 %) -12,47% (+13,96%)

🔴 $MUX (-1,58 %) -6,16% (+20,82%)

🔴 $DTE (+0,79 %) -5,96% (-4,68€)

Purchases:

$DTE (+0,79 %)

$1211 (+0 %)

$HAUTO (+1,79 %)

Disposals:

》none《

And so we continue into November with the year-end forecast, which has already been raised twice...and I wish us all a successful November ✌🏻

Magirus, a wholly-owned portfolio company of Mutares SE & Co. KGaA $MUX (-1,58 %)has successfully completed the acquisition of Achleitner Fahrzeugbau GmbH, an Austrian company specializing in the design, development and production of tailor-made vehicles for off-road, police, military and paramilitary applications and part of Franz Achleitner Fahrzeugbau und Reifenzentrum GmbH.

Achleitner is an established Austrian manufacturer based in Radfeld, Tyrol. Achleitner Fahrzeugbau focuses on customized vehicle bodies, conversions and advanced all-wheel drive technology for special vehicles and employs over 120 highly qualified staff. The company is known for its high quality standards, strong technical expertise and long-standing partnerships with OEMs.

As an add-on acquisition for Magirus, the product portfolio includes armored vehicles for security and defense as well as all-wheel drive and utility vehicles for difficult terrain.

This transaction will leverage cross-selling opportunities, accelerate international market penetration and increase the scale and profitability of the Infrastructure & Special Industry segment.

Buderus Edelstahl, a wholly owned subsidiary of Mutares SE & Co. KGaA$MUX (-1,58 %)has successfully sold its two business units Hot Rolling Mill and Mechanical Processing including Heat Treatment to GMH Gruppe.

The company is a renowned manufacturer of high-quality special steels with a focus on tool steel and engineering steel, a globally diversified customer portfolio and an annual turnover of approximately EUR 360 million. After the first successful optimizations and transformation measures implemented on site since the takeover, the sale to a strategic buyer is the next step for the company to continue its sustainable development. GMH Gruppe thus offers the two Buderus stainless steel business units Hot Rolling Mill and Mechanical Processing, including Heat Treatment, great potential for further expansion.

Despite difficult market conditions, this step has secured around 670 jobs at the Wetzlar site.

Due to the continuing challenging market conditions in the steel industry, the drop forging division will also be sold to the FerrAl United Group (a wholly owned subsidiary of the Mutares Group).

Mutares SE & Co. KGaA$MUX (-1,58 %) has entered into final negotiations with the listed Korean company Hwaseung Corporation on the acquisition of 67% of the shares in Hwaseung Special Rubber (Taicang) Co., Ltd. ("HSR") and Hwaseung Auto Parts (Taicang) Co., Ltd. ("HST").

This potential acquisition of a majority stake in a leading automotive supplier in China is an important milestone for Mutares' global expansion and targeted growth strategy in Asia.

Hwaseung Corporation today announced the potential acquisition on the Korean stock exchange. The transaction is expected to be signed in the fourth quarter of 2025.

The target companies are known for their essential rubber sealing and hose products, which they supply to well-known car manufacturers such as GM, VW, Hyundai, Kia and Xiaomi.

With two state-of-the-art production facilities and around 600 employees, the companies generated sales of over EUR 100 million in 2024.

HSR and HST are an ideal fit for Amaneo's China business and open up significant synergies in the value chain.

The integration including SMA China and SFC China will result in additional cost benefits, operational efficiencies and a strengthened competitive position in the world's most dynamic automotive market.

Mutares' expansion in the Chinese automotive sector strengthens its position as an operational pioneer in the Automotive & Mobility segment, extends the Group's track record and opens up new opportunities for cooperation with leading Asian and international OEMs.

The decision of a prominent Korean-listed seller to enter into such a transaction with Mutares reflects the Group's global position as a reliable and value-creating owner with a proven track record of operational excellence, transformation and sustainable growth.

Johannes Laumann, CIO of Mutares, comments: "Our expansion into Asia is an important milestone for Mutares in the Automotive & Mobility segment. We are honored by the trust of our Korean partners and look forward to bringing our operational expertise to the Chinese market. This acquisition demonstrates our commitment to international growth and diversification and will create value for all stakeholders."

Mutares SE & Co. KGaA $MUX (-1,58 %) has signed an agreement to acquire M3 Schakt AB, M3 Rental AB and Schaktförmedlingen Sverige AB (M3 Group), a Swedish provider of transport, construction and machine rental services specializing in infrastructure projects such as metros, roads and railroads and serving large private construction companies.

The transaction is an add-on acquisition for GDL Anläggning & Miljö and is expected to close in the fourth quarter of 2025, subject to customary approvals.

For GDL Anläggning & Miljö, the acquisition of M3 Group offers lucrative synergies, strategic geographic expansion and a strengthening of all business areas.

With approximately 44 employees and a robust network of subcontractors, the company generated revenues of approximately EUR 35 million in the financial year 2024.

The acquisition will further strengthen Mutares' Infrastructure & Special Industry segment and its presence in the Nordic infrastructure and construction market.

Johannes Laumann, CIO of Mutares, comments: "This acquisition is a strategic milestone for the expansion of our presence in the Nordics and the strengthening of our Infrastructure & Special Industry segment. M3 Group's know-how and strong market position fits perfectly into our portfolio, especially with GDL Anläggning & Miljö. We look forward to supporting the company's continued growth in an excellent market environment."