Mutares SE & Co. KGaA (MUTRF) Q2 2026 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.111 -- 00:00:05.435 A very warm welcome indeed to our H1 2026 earnings 00:00:05.435 -- 00:00:10.058 call. My name is Johannes Laumann, I'm the CIO of Mutaris 00:00:10.058 -- 00:00:15.261 and back from holiday, batteries loaded, full of energy 00:00:15.261 -- 00:00:16.722 and 00:00:16.722 -- 00:00:21.846 if you miss Mark Friedrich, he's still on holiday somewhere in Southeast Asia 00:00:21.846 -- 00:00:27.310 enjoying family and life and will be next to me here on Q3 then 00:00:27.310 -- 00:00:29.310 again. 00:00:29.757 -- 00:00:35.163 I will take you as always a quick summary of what's happened in H1, the financials, 00:00:35.163 -- 00:00:41.668 the portfolio update and finally the invitation to our investor day. 00:00:41.668 -- 00:00:46.250 So when we look at H1, we have conducted 3.4 00:00:46.250 -- 00:00:49.831 billion in total group sales and EBITDA 00:00:49.831 -- 00:00:55.153 of 349 million. And the most important number here as well 00:00:55.153 -- 00:01:00.676 is the EBITDA, the adjusted EBITDA of 67 million because that stands for the 00:01:00.676 -- 00:01:05.215 consolidated performance of our portfolio companies. 00:01:05.215 -- 00:01:08.656 In addition, and I will not read out all the highlights, 00:01:08.656 -- 00:01:13.818 we have re-established the full compliance with the Bond Covenant by June 30th and 00:01:13.818 -- 00:01:19.120 26th and we have completed a bunch lot of work with the closing 00:01:19.120 -- 00:01:23.561 of our largest acquisition of the Saabic business, 00:01:23.561 -- 00:01:28.822 which we call next point since Q3. 00:01:28.923 -- 00:01:33.924 Further US expansion is planned and we expect significant actions 00:01:33.924 -- 00:01:39.826 on buy side but especially on sell side on the closings in the H2 00:01:39.826 -...