Mutares : proposes dividend increase to EUR 1.00 per share after successful FY2017

The Management Board and Supervisory Board of Mutares AG (ISIN: DE000A0SMSH2) will propose an increase of the dividend to EUR 1.00 (previous year: EUR 0.35) to this year's Annual General Meeting.

At the level of the individual financial statements, Mutares AG successfully closed the 2017 financial year with a net income of EUR 17.6 million (previous year: EUR 5.5 million). For this reason, the Management Board and Supervisory Board of Mutares AG today decided to propose a dividend of EUR 1.00 per share (previous year: EUR 0.35) for the past fiscal year to the Annual General Meeting scheduled for July 20, 2018.

The dividend consists of a basic dividend of EUR 0.10 and a special dividend of EUR 0.90 per share, stemming from the proceeds of the successful sale of companies in 2017. The total planned dividend payout will thus amount to EUR 15.5 million.

In the fourth quarter of 2017, Mutares AG increased its revenues to EUR 3.2 million compared to the previous year (Q4-2016: EUR 1.8 million). Earnings for the period (net income) amounted to EUR 19.9 million in the fourth quarter of 2017 (Q4-2016: EUR 7.2 million) due to the sale of A+F.

With the conversion to IFRS, Mutares AG plans to publish the annual report for the year 2017 including the audited consolidated financial statements according to IFRS on June 13, 2018.