Mutares Action Forum

Is there any bad news about $MUX (-3,12 %) ? I did not find it on the internet

Summary Earnings, 07.11.

$MUV2 (-0,5 %)
| Munich Re Q3 24 Earnings

EPS EU7.02 (est EU6.67)

Sees FY Insurance Rev. About EU61B, Saw About EU59B

Sees FY Profit Above EU5B, Saw EU5B

$RHM (+1,63 %) | Rheinmetall AG Q3 24 Earnings

Sales EU2.45B (est EU2.42B)

Still Sees FY Sales About EU10B (est EU9.99B)

Sees FY Operating Margin At Upper End Of Guidance

Nissan Motor Q2 2024 Earnings $7201 (+0,06 %)

Q2 Operating Income 31.91B Yen (est 65.25B Yen)

Q2 Net Loss 9.34B Yen (est Profit 49.07B Yen)

Sees FY Oper Income 150.00B Yen, Saw 500.00B Yen

To Cut 9,000 Jobs Globally

To Reduce Global Production Capacity By 20%

To Sell Back Up To 10.02% Of Mitsubishi Motors Shares

Air France KLM Q3 24 Earnings $AF

EBITDA EU1.90B (est EU1.9B)

Rev EU8.98B (est EU8.88B)

Net Income EU780M (est EU874.3M)

Sees FY Capex EU3B, Saw Below EU3B

$TEF (+1,75 %) | Telefonica Q3 24 Earnings

REV. EU10.02B (est EU10B)

Adj. EBITDA EU3.26B (est EU3.26B)

Net Income EU10M (est EU357M)

To Book €314 Million Non-Cash Impairment For Peru

ArcelorMittal Q3 24 Earnings: $MT (-1,08 %)

- Sales $15.20B (est $15.23B)

- EBITDA $1.58B (est $1.47B)

- Still Sees FY CAPEX $4.5B To $5.0B

- Markets Conditions Are 'Unsustainable'

- Positive On Medium/Long Term Outlook

Daimler Truck Holdings Q3 24 Earnings: $DTG (-4,27 %)

- Rev EU13.14B (est EU12.98B)

- Adj EBIT EU1.19B (est EU1.13B)

- Still Sees FY Rev EU53B To EU55B (est EU53.45B)

Adyen disappoints with lower than expected sales growth and loses 13% on the stock market. $ADYEN (-4,7 %)

Lanxess-shares rise by 4.4% to 26.80 euros after a positive quarterly report, having previously fallen by 13%. The operating margin exceeds expectations, although prices weaken. $LXS (-3,58 %)

National Grid increased its adjusted operating profit by 14% to 2 billion pounds in the first half of the financial year and expects an increase of around 10% for the year as a whole. Higher fees in New York and higher revenues in the UK are supporting growth. $NG. (-0,42 %)

AMS-Osram increased its profitability in the third quarter despite a decline in sales, but expects business development to be subdued in the fourth quarter and early 2025. To ensure profitability, the company plans further cost reductions of 225 million euros by the end of 2026. $AMS

Suess Microtec is more optimistic after a strong third quarter and now expects to achieve its annual targets in the upper half of the forecast range. Sales are expected to reach 380 to 410 million euros, with an EBIT margin of 14 to 16 percent. $SMHN (+1,16 %)

The investment company Mutares slips into the red operationally in the third quarter with an adjusted EBITDA loss of EUR 16.5 million. However, sales increased by 14% to 3.9 billion euros. $MUX (-3,12 %)

Delivery Hero expects a free cash flow of EUR 50 to 100 million for 2024 and anticipates GMV growth at the upper end of the forecast of 7 to 9 percent. However, the Group expects adjusted EBITDA to be at the lower end of the range of EUR 725 to 775 million. $DHE

Deutz recorded an 80% drop in profits to EUR 7.2 million in the third quarter and slipped into the red with a bottom line of EUR 2 million. Turnover falls by 14.9% to 430.4 million euros due to a slump in demand. $DEZ (-3,78 %)

Compugroup Medical records a decline in EBITDA in the third quarter

EBITDA fell by 12% to 54.9 million euros in the third quarter, but slightly exceeded

analysts' expectations slightly. Turnover falls by 1% to 283.4 million euros

euros, and the company confirms its reduced forecast for 2024. $COP (-0,13 %)

Alzchem reports a jump in profits for the first nine months with

a 36% increase in EBITDA to EUR 76.8 million and increases the EBITDA margin to

EBITDA margin to 18.5 %. The Group is sticking to its profit target for 2024

but is aiming for the lower end of the sales forecast due to the discontinuation of low-margin

the lower end of the sales forecast. $ACT (-2,51 %)

Nordex is raising its forecast for the EBITDA margin for 2024 and

now expects it to be closer to the upper end of the range of three to four

percent. In the first nine months of the year, the company recorded

an increase in revenue of 14 percent to EUR 5.1 billion and an improved

improved EBITDA margin of 3.7 percent. $NDX1 (-0,04 %)

Nemetschek recorded an increase in revenue in the third quarter thanks to the

thanks to the GoCanvas acquisition, Nemetschek recorded a 15.1% increase in revenues to 253 million euros,

however, earnings remained slightly below expectations. The

The operating costs of the acquisition put pressure on profits, so that EBITDA

increases by 6.7 %. $NEM (-0,52 %)

Rational increases earnings before interest and taxes in the third quarter

taxes by 18% to just under 78 million euros, exceeding analysts'

analysts' expectations, while sales revenues grew by 8% to 294 million

euros. The company confirms its forecast for the year. $RAA (+2,46 %)

Risky buy again before the figures

After yesterday's depot expansion, a new addition with expansion potential in the depot.

Mutares $MUX (-3,12 %) expects strong 4th quarter:

The investment company $MUX (-3,12 %) is going on the offensive after the attack by short sellers and promises investors a strong fourth quarter.

At the start of the final quarter, the company is on course to achieve the targets set as part of its strategy, according to the Munich-based SDax company. Management expects above-average development in the Engineering & Technology, Goods & Services and Retail & Food segments in particular.

Growth in the automotive and mobility industry will lead to initial exit opportunities.

Concrete figures are expected tomorrow morning at 08:30 a.m. ✌🏽

How do you rate the $MUX (-3,12 %) share?

In my opinion, the figures and plans show that they will rise very strongly.

After all the bad news, they are very back gekommen💪🏻

Greetings to you all!

As I already started asking you for tips at the beginning of September (as I was only able to invest from then on) I would like to do it again.

My strategy is the core-satellite strategy:

After much deliberation, I have now finally decided on this strategy.

I will close my position this year at $BATS (+0,49 %) [200€] this year (I am simply not convinced that the tobacco hype will continue in the future). I am now looking for a good exit opportunity to get out with less of a loss.

I would like to ask you how I am using your core-satellite strategy. Do you save your core and individual shares in a savings plan?

My idea would be to save the core [ ETF (50€) +BTC (50€)] weekly and buy the individual shares when there is a good opportunity (correction/dip).

Or would you recommend saving the individual positions in a savings plan?

The core would consist of $BTC (+0,14 %) u. $IWDA (+0,72 %) (70%) and 30% of the positions:

$PLTR (+5,8 %)

$GOOGL (-0,6 %)

$ASML (-0,38 %)

I will $MC (-2,6 %) , $MUX (-3,12 %) , $BATS (+0,49 %) in the near future (I think towards the end of the year) and will invest the profit in $PLTR (+5,8 %) u. $GOOGL (-0,6 %) to simply have a good basis that I can build on for 1-2 years.

I would like to add a 4th single stock to my core-satellite strategy, but unfortunately I haven't found any.

Perhaps you have small companies that have good potential in the near future that I can add to my portfolio.

Thank you very much for your feedback

Your Wiktor

So that was tranche 4/4. Of course I would have preferred to buy earlier, but well, hindsight is always wiser. Either way, it's a very fair price.

I am curious to see what Mutares $MUX (-3,12 %) will deliver in the future.

I really hope that they take more of an example from Constellation $CSU (-0,43 %) (decentralized) rather than traditional PE companies in order to continue to profit from these "small" acquisitions.

$MUX (-3,12 %)

"The German stock market is getting even more drive!

The specialty engine manufacturer Steyr Motors AG will be part of the Frankfurt Stock Exchange from tomorrow.

On behalf of Hauck Aufhäuser Investment Banking, I would like to congratulate CEO Julian Cassutti on the successful listing. At the same time, I would like to thank you for the trust you have placed in us and the great cooperation.

As a portfolio company of Mutares SE & Co. KGaA, I would also like to thank Robin Laik, Johannes Laumann, Mark Friedrich and Lennart Schley.

Deutsche Börse is one great company richer. I am delighted that we were able to support it."

Summary of Mutares CMD, which was incredibly long and full of repetition. $MUX (-3,12 %)

Strategic growth and global expansion

Mutares is driving its global expansion with ambitious plans in Asia and the Americas. Recent acquisitions in China, the US and India provide a solid foundation for the company's continued growth, with plans to expand its global footprint in other markets in the future.

Financial performance and forecasts

Mutares has set itself the ambitious goal of achieving revenue of EUR 10 billion and a net profit of EUR 200 million by 2028. For 2025, the company plans to generate sales of EUR 7 billion and a net profit of between EUR 125 and 150 million. This forecast underlines the strategic focus on targeted acquisitions and strict operational improvements to promote sustainable growth.

Acquisition and investment strategy

In the past four years, Mutares has completed 53 acquisitions, generating global sales of EUR 6.1 billion. In the near future, five more acquisitions are expected to be added, which are expected to contribute around EUR 1 billion to revenues. With investments of over EUR 10 million in nine of these transactions, Mutares shows a strategic focus on building a portfolio of promising companies.

Focus on operational efficiency and turnaround

Operational excellence is an integral part of Mutares' approach to transforming underperforming assets. Key measures include stopping cash burn and increasing EBITDA through focused restructuring measures. Within the first 100 days of each acquisition, Mutares deploys transformation teams and implements cost reduction measures to create a solid foundation for turnaround success.

Cash flow and dividend strategy

From next year, Mutares plans to generate an annual cash flow of EUR 155 million. This target supports the stable dividend payout with an annual expectation of EUR 200 million in exit proceeds and EUR 125 million in advisory dividends. The company has committed to pay a minimum dividend of EUR 2 per share, with the possibility of an additional bonus dividend if the exit proceeds exceed the targets set.

Sector diversification and risk management

In order to minimize the risk of market fluctuations, Mutares diversifies its portfolio across early, non-cyclical, late and cyclical industries. This broad diversification enables the company to balance risks and take advantage of growth opportunities in different market segments.

Commitment to stakeholders

With a significant stake in the company, Mutares' management demonstrates its clear focus on the interests of shareholders and bondholders and ensures that its growth and turnaround strategies are in line with the priorities of all stakeholders.

Revenue and profit targets

To support its growth outlook, Mutares is targeting revenues of EUR 10 billion and net profit of EUR 200 million by 2028. This ambitious target reflects the company's commitment to increasing shareholder value through strategic acquisitions and operational discipline.

Cash flow generation and financial stability

Operating cash flow is expected to reach EUR 155 million annually from next year onwards, creating a solid basis for stable financial performance and further growth. This disciplined approach supports Mutares' growth ambitions and provides funds for dividends and the fulfillment of bond obligations.

Exit proceeds and dividend strategy

Mutares expects annual exit proceeds of EUR 200 million and advisory dividends of EUR 125 million and has also committed to a minimum payout of EUR 2 per share. Should exit proceeds exceed the targets set, shareholders could receive additional bonus dividends, further underlining Mutares' commitment to shareholder returns.

Disciplined investment strategy

With EUR 600 million of portfolio investments already made, Mutares plans to limit its annual investments per transaction to EUR 50 million. This disciplined financial planning supports strategic growth without taking unnecessary risks.

Operating free cash flow for strategic flexibility

Mutares targets an annual free cash flow of EUR 155 million to strengthen its ability to pay dividends, interest and repay bonds. This metric supports the company's ambition to ensure financial resilience and continuous expansion.