Mutares SE & Co. KGaA Announces Dividend and Reinforces International Growth

Mutares SE & Co. KGaA held its Annual General Meeting, approving a dividend of EUR 2.00 per share for 2024, down from EUR 2.25 the previous year. The decision saw 99.20% approval. Dr. Kristian Schleede joins the Supervisory Board, succeeding Dr. Axel Müller. The company disclosed EUR 5 billion in revenues and EUR 108 million in net income for 2024, highlighting key transactions like the listing of Steyr Motors and sale of Frigoscandia.

Mutares plans to achieve EUR 10 billion in consolidated revenue and EUR 200 million in net income by 2028. The company emphasizes its internationalization strategy, with expansions in China, the US, and India fuelling its portfolio growth. Forecasts for 2025 project revenues between EUR 6.5 and 7.5 billion, with net income expected to range from EUR 130 to 160 million. Shareholders widely supported the company's resolutions.