Mutares increases consolidated revenues by 14% in the first nine months

07 Nov 2024 07:32 CET

Mutares increases consolidated revenues by 14% in the first nine months

• Revenues from consulting services and management fees of Mutares Holding grow
by 12% to EUR 84.3 million in the first nine months of 2024 (previous year: EUR
75.5 million)
• Net income of Mutares Holding reaches EUR 53.5 million after the first nine
months of 2024 (previous year: EUR 101.3 million) despite one-off expenses for
the bond increase
• Group revenues increase by 14% to EUR 3,892.8 million (previous year: EUR
3,402.5 million); Adjusted EBITDA at EUR -16.5 million (previous year: EUR 19.4
million)
• New bond placed with investors for further growth and international expansion
• Successful IPO of defense subsidiary Steyr Motors in October


Please see attached PDF to view the full announcement.

More information:
Access the news on Oslo Bors NewsWeb site

631499_20241107_Mutares_PM_9M_2024_EN_FINAL_v2.pdf