Mutares lifts revenue 15% as NexPoint Materials expands its portfolio
Mutares reported higher group revenue and adjusted EBITDA for the first nine months while confirming its 2026 outlook after the NexPoint Materials acquisition.
Mutares SE & Co. KGaA said on November 12, 2026 that group revenue rose 15% to €5.4 billion in the first nine months of 2026, while adjusted EBITDA improved to €57 million from a loss of €63 million a year earlier. The holding company's net income was €33 million, compared with €84 million in the prior-year period.
The German investment holding company said its portfolio had expanded to 35 companies with about €9 billion in annualized revenue. It attributed the group revenue increase mainly to acquisitions and said adjusted EBITDA benefited especially from Efacec, Nord Gas Solutions, Guascor Energy, Alterga Group, Gemini Rail, Donges Group and Kuljettava, while new acquisitions and challenging conditions in parts of retail weighed on performance.
Mutares described the acquisition of the engineering-thermoplastics business from SABIC, completed in August and renamed NexPoint Materials, as the largest acquisition in its history. The business has eight production sites in the Americas and Europe, annual revenue of about €2.0 billion and positions in polycarbonates, ABS and PBT, serving automotive, construction, consumer-goods and electrical and electronics customers.
The company expects at least €140 million of further fourth-quarter earnings contributions from the sales of Guascor and Magirus and expected portfolio dividends. It confirmed its 2026 guidance and medium-term outlook, while noting that exits and portfolio optimization remain central to capital allocation. Mutares also said Nord Gas Solutions had a record €880 million order backlog and that Efacec's backlog exceeded €1 billion.
Mutares said it had reduced the outstanding volume of its Nordic Bond 2023/2027 by €28 million to €222 million through repurchases and plans a bond exchange offer in the fourth quarter. The company scheduled an Investor Day for November 19 focused on portfolio maturity, value creation, the exit pipeline and capital allocation.
Group revenue
€5.4B
↑ +15% 9M 2026
Adjusted EBITDA
€57M
↑ vs -€63M 9M 2025
Portfolio companies
35
~€9B annualized revenue
Q4 earnings contributions
≥€140M
company estimate
Sources
This story describes figures the company has published. It is for information only and is not investment advice or a recommendation to buy, sell or hold any security. Check the original filings before relying on any figure. Stoqly is not affiliated with the SEC.
