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

Investor webinar replay

Replay transcript excerpt

A very warm welcome indeed to our H1 2026 earnings call. My name is Johannes Laumann, I'm the CIO of Mutaris and back from holiday, batteries loaded, full of energy and if you miss Mark Friedrich, he's still on holiday somewhere in Southeast Asia enjoying family and life and will be next to me here on Q3 then again. I will take you as always a quick summary of what's happened in H1, the financials, the portfolio update and finally the invitation to our investor day. So when we look at H1, we have conducted 3.4 billion in total group sales and EBITDA of 349 million. And the most important number here as well is the EBITDA, the adjusted EBITDA of 67 million because that stands for the consolidated performance of our portfolio companies. In addition, and I will not read out all the highlights, we have re-established the full compliance with the Bond Covenant by June 30th and 26th and we have completed a bunch lot of work with the closing of our largest acquisition of the Saabic business, which we call next point since Q3. Further US expansion is planned and we expect significant actions on buy side but especially on sell side on the closings in the H2 where I will give you an insight later on and then last but not least again obviously we confirm our guidance for fiscal year 2026 as we always do because we always deliver what we have promised and that quarter over quarter year over year over the past couple of years. When we go a little bit into the financial and the details, conducted revenue of 3.4 billion, slightly higher than previous year, will get a significant uplift in the second half of 2026 because the additions of Nord Gas Solutions and the addition of Shadeed, former project name, next point, the new name of the business, will significantly boost this number...