Mutares SE & Co KGaA (CHIX:MUXd)

Q1 2026 Mutares SE & Co KgaA Earnings Call Transcript

May 12, 2026 / 12:00 PM GMT

Release Date Price: €24.55

Transcript

Key Points

Positve

Mutares SE & Co KGaA (WBO:MUXG) achieved $1.7 billion in revenues for Q1 2026, indicating strong financial performance.
The company completed a successful capital increase by the end of April, strengthening its financial position.
Four out of five business segments reported positive adjusted EBITDA in Q1, showcasing operational efficiency.
The Engineering and Technology segment turned around from a negative to a positive adjusted EBITDA, highlighting effective management.
The acquisition of Donges has been a success, with the company growing from $35 million to over $110 million in sales and achieving nearly 10% profitability.

Negative

The Goods and Services segment, which includes the majority of the retail part, remains negative in terms of adjusted EBITDA.
Net income for the holding was flat compared to last year, partly due to the absence of significant exits in Q1.
The company incurred a $6 million consent fee expense, impacting the net income negatively.
The Chemicals and Materials segment is still in its early stages and is expected to show higher numbers only in the second half of the year.
There is still restructuring necessary for the newly acquired ETP business from Sabic, indicating ongoing operational challenges.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

MUXG.DE - Mutares SE & Co KgaA
Q1 2026 Mutares SE & Co KgaA Earnings Call
May 12, 2026 / 12:00PM GMT

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Presentation
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Unidentified_1 [1]
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Welcome everybody to the Q1 update call of the Mutars Group.

My name is Mark Friedrich, CEO of the group, Maximus Johannes, CIO of the group, and we will hold, or we'll run you through the presentation today. As last time, I will start with a management summary and then dig into Q1 2026. Johannes will take over again, portfolio update and the outlook.

Since we just spoke two weeks ago, I just want to repeat the management summary that we already presented last time. So last year we reached quite a significant.

Number in terms of holding net income of $130 million. We reached our target here where we're in the range, also group revenues were in the range and communicated a guidance of $7.9 to $9.1

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