EQS-News: Correction of a release from 09/05/2023, 07:30 CET/CEST - Mutares with a strong first quarter 2023 – Significant leap in profit of 21 % in the holding company – Setting the course for further growth
Retrieved on:
Tuesday, May 9, 2023
Holcim Group, Tier 1, Correction, Peugeot Motocycles, TJ Innova Engineering & Technology, Peugeot, SMP, KICO, Tax, Goods, Automotive industry, Good Service Medal, Gold, Sale, Mahindra & Mahindra, Mutares, EBITDA, Acquisition, Investment, La Rochette, Mahindra, ISIN, Depreciation, Growth, Mobility, Security (finance), Film industry, Real estate, Fine chemical, EUR, Palmia
A significant increase in revenues and a disproportionate improvement in earnings were achieved at both the level of the company (“Mutares Holding”) and the Group (“Mutares Group”).
Key Points:
- A significant increase in revenues and a disproportionate improvement in earnings were achieved at both the level of the company (“Mutares Holding”) and the Group (“Mutares Group”).
- Mutares Holding’s net income for the first quarter increased by 21% from EUR 6.8 million to EUR 8.2 million.
- This includes already costs of EUR 4.5 million for the successful refinancing of the bond in line with market standards.
- Mutares generated consolidated revenues of EUR 1,108.0 million at Group level in the first quarter of 2023 (previous year: EUR 852.5 million).