Share

Overview & Strategy

With its activities in the area of capital market communication, Mutares aims to achieve the highest possible degree of transparency.

Mutares actively seeks dialogue with investors, analysts and the financial and business press. Quarterly reporting and accompanying telephone conferences, regular participation in conferences and roadshows at leading financial centers, as well as numerous one-on-one meetings are integral parts of Mutares Investor Relations.

The aim of all these measures is to keep investors and capital market participants informed about the development of the company and its portfolio companies. Sound research by analysts from Pareto, MPCM, Metzler und Cantor reaches an international and broad circle of existing and potential new investors.

“We are conscious of the great deal of trust that our investors put in us when they purchase shares, as well as the responsibility that comes with it. We aim to live up to this responsibility with the utmost transparency.
We aim to create value for our investors by executing our strategy sustainably, delivering results and communicating our performance transparently.”

Facts

EUR 6.5 bnRevenues in FY 2025

Facts

> 35,000Employees

Facts

EUR 2.00Dividend per Share 2024

Facts

Market Cap

Reasons for the Mutares share

  • Liquidity

    With an average of 52,564 shares traded per day in 2025

  • Integration of ESG criteria

    Mutares sees sustainable action and management as an integral part of its corporate philosophy.

  • Broad investor base

    Over 20,000 shareholders (Institutionals, Family Offices, Wealth Managers, Retail Investors).

  • Focus on shareholder value with attractive dividend

    The aim is to allow shareholders to participate directly and continuously in the Company’s success.

Shareholder structure

* Approximated Percentages | As of May 2026
**incl. Elber GmbH

Current Course

22,70
+

Mutares SE & Co. KGaA (MUX.DE)

Last update: 15. April 2021, 14:42

Master data of the Mutares share

Symbol MUX
WKN A2NB65
ISIN DE000A2NB650
Index Membership Prime All Shares, SDAX
Transparency level Prime Standard
Market segment Regulated Market
Stock exchanges Xetra, Frankfurt, Berlin, Düsseldorf, München, Stuttgart, Tradegate
Sector Shareholdings
Number of Shares 25,617,907
Class of shares Registered shares

Sustainable and attractive dividend strategy

Mutares pursues a sustainable dividend capacity and an attractive dividend strategy. The aim is to enable shareholders to participate directly and continuously in the success of Mutares.

The basis for this is, on the one hand, the multinational M&A approach with deal sourcing in our offices worldwide, which makes it possible to balance out regional fluctuations in the transaction markets and ensure a constant deal flow.

On the other hand, the use of in-house consulting teams in the newly acquired portfolio companies generates predictable and stable earnings for the Mutares holding, which already form the basis for an annual dividend. In addition, there may also be income from investments already operating profitably and proceeds from the successful sale of portfolio companies. Mutares continues to pursue an attractive dividend strategy based on continuity and sustainability with the aim of enabling shareholders to participate appropriately in the company’s success.

Dividend per share in EUR

YieldDividend
20248.3 %2.00 €
20236.4 %2.25 €
20229.7 %1.75 €
20216.6 %1.50 €
20209.6 %1.50 €
20197.9 %1.00 €
201811.1 %1.00 €
20176.3 %1.00 €

Analyst Reports

18 Jun 2026

Warburg Research

41.00 Buy

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11 Jun 2026

Cantor

48.00 Buy

05 Jun 2026

Cantor

48.00 Buy

26 May 2026

Cantor

48.00 Buy

13 May 2026

Sphene Capital

49.00 Buy

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12 May 2026

Cantor

48.00 Buy

04 May 2026

Cantor

48.00 Buy

29 Apr 2026

Sphene Capital

49.00 Buy

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07 Apr 2026

Sphene Capital

48.40 Buy

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23 Mar 2026

Sphene Capital

58.30 Buy

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20 Mar 2026

Cantor

45.00 Overweight

17 Mar 2026

Warburg Research

46.00 Buy

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17 Mar 2026

Cantor

45.00 Overweight

16 Mar 2026

Jefferies

37.00 Buy

12 Jan 2026

Cantor

45.00 Overweight

09 Jan 2026

Warburg Research

46.00 Buy

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10 Dec 2025

Warburg

43.00 Buy

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04 Dec 2025

Cantor

37.50 Overweight

21 Nov 2025

Metzler

30.00 Hold

19 Nov 2025

Cantor Fitzgerald

37.50 Overweight

13 Nov 2025

Jefferies

37.00 Buy

17 Jun 2025

Warburg

47.00 Buy

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28 May 2025

Pareto

40.00 Buy

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30 Apr 2025

Hauck & Aufhäuser

47.50 Buy

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14 Apr 2025

Hauck & Aufhäuser

47.50 Buy

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08 Nov 2024

Hauck & Aufhäuser

47.50 Buy

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17 Oct 2024

Hauck & Aufhäuser

47.50 Buy

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04 Oct 2024

Hauck & Aufhäuser

47.50 BUY

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30 Sep 2024

Hauck & Aufhäuser

47.50 Buy

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14 Aug 2024

Pareto Securities AS

48.00 Buy

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07 Aug 2024

Hauck & Aufhäuser

47.50 Buy

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11 Jun 2024

M.M. Warburg

50.00 Buy

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04 Jun 2024

M.M. Warburg

50.00 Buy

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13 May 2024

Pareto Securities AS

48.00 Buy

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13 May 2024

KBW

48.00 Buy

10 May 2024

Hauck & Aufhäuser

47.50 Buy

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18 Apr 2024

Hauck & Aufhäuser

47.50 Buy

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15 Apr 2024

KBW

46.00 Buy

02 Apr 2024

Pareto Securities AS

45.50 Buy

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28 Mar 2024

KBW

40.00 Buy

11 Mar 2024

Hauck & Aufhäuser

46.40 BUY

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20 Nov 2023

Pareto Securities AS

46.00 Buy

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13 Nov 2023

Hauck & Aufhäuser

46.40 Buy

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09 Nov 2023

KBW

36.00 Buy

13 Oct 2023

M.M. Warburg

34.00 Buy

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12 Oct 2023

KBW

31.00 Buy

22 Sep 2023

KBW

31.00 Buy

19 Sep 2023

Hauck & Aufhäuser

38.00 Buy

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16 Aug 2023

Hauck & Aufhäuser

38.00 Buy

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11 Aug 2023

Pareto Securities AS

35.00 Buy

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11 Aug 2023

M.M. Warburg

34.00 Buy

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10 Aug 2023

KBW

31.00 Buy

23 Jul 2023

KBW

31.00 Buy

11 May 2023

Hauck & Aufhäuser

37.00 Buy

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10 May 2023

Pareto Securities AS

35.00 Buy

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08 May 2023

M.M. Warburg

34.00 Buy

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12 Apr 2023

Hauck & Aufhäuser

37.00 Buy

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11 Apr 2023

M.M. Warburg

24.00 Buy

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11 Apr 2023

Pareto Securities AS

33.00 Buy

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17 Feb 2023

Hauck & Aufhäuser

37.00 BUY

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23 Dec 2022

Hauck & Aufhäuser

37.00 BUY

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02 Dec 2022

Pareto Securities AS

33.00 Buy

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11 Nov 2022

Hauck & Aufhäuser

37.00 Buy

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09 Nov 2022

M.M. Warburg

24.00 Buy

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24 Oct 2022

Hauck & Aufhäuser

37.00 Buy

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27 Sep 2022

M.M. Warburg

23.50 BUY

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23 Sep 2022

Hauck & Aufhäuser

37.00 BUY

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15 Aug 2022

Hauck & Aufhäuser

34.00 Buy

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11 Aug 2022

M.M. Warburg

22.50 Buy

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11 Aug 2022

Pareto Securities

33.00 Buy

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07 Jul 2022

M.M. Warburg

22.50 Buy

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07 Jul 2022

M.M. Warburg

22.50 Buy

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04 Jul 2022

Hauck & Aufhäuser

34.00 Buy

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04 Jul 2022

Hauck & Aufhäuser

34.00 Buy

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17 May 2022

Hauck & Aufhäuser

37.50 Buy

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03 May 2022

Pareto Securities

33.00 Buy

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22 Apr 2022

Hauck & Aufhäuser

37.50 Buy

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21 Apr 2022

Jefferies

30.00 Buy

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12 Apr 2022

Pareto Securities AS

30.00 Buy

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12 Apr 2022

M.M. Warburg

30.00 Buy

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02 Mar 2022

Hauck & Aufhäuser

37.50 Buy

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29 Nov 2021

M.M. Warburg

30.00 Buy

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11 Nov 2021

Stifel Research

30.00 Buy

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10 Nov 2021

Hauck & Aufhäuser

37.50 Buy

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09 Nov 2021

Pareto Securities

30.00 Buy

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05 Nov 2021

Stifel Research

30.00 Buy

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05 Oct 2021

Hauck & Aufhäuser

37.50 Buy

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29 Sep 2021

Pareto Securities

30.00 Buy

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29 Sep 2021

M.M.Warburg

36.00 Buy

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28 Sep 2021

Hauck & Aufhäuser

37.50 Buy

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20 Sep 2021

M.M.Warburg

36.00 Buy

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16 Sep 2021

Hauck & Aufhäuser

37.50 Buy

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08 Sep 2021

Hauck & Aufhäuser

37.50 Buy

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07 Sep 2021

Pareto Securities

30.00 Buy

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07 Sep 2021

M.M. Warburg

33.00 Buy

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05 Sep 2021

Stifel Research

22.00 Buy

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16 Aug 2021

Pareto Securities

30.00 Buy

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07 Jul 2021

M.M. Warburg

33.00 Buy

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02 Jul 2021

Pareto Securities

30.00 Buy

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21 May 2021

Pareto Securities AS

30.00 Buy

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19 May 2021

M.M. Warburg

31.00 Buy

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14 May 2021

Hauck & Aufhäuser

28.00 Buy

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12 May 2021

M.M.Warburg

31.00 Buy

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12 Apr 2021

M.M.Warburg

28.00 Buy

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17 Mar 2021

Stifel Research

22.00 Buy

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11 Mar 2021

Stifel Research

22.00 Buy

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09 Feb 2021

Stifel

22.00 Buy

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20 Nov 2020

Hauck & Aufhäuser

24.00 Buy

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17 Nov 2020

SMC Research

23.00 Buy

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12 Nov 2020

SMC Research

22.00 Buy

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27 Oct 2020

Hauck & Aufhäuser

18.00 Buy

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21 Oct 2020

SMC Research

20.00 Buy

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17 Aug 2020

SMC Research

17.00 Buy

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12 Aug 2020

Hauck & Aufhäuser

18.00 Buy

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02 Jul 2020

Hauck & Aufhäuser

18.00 Buy

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18 May 2020

SMC Research

16.20 Buy

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15 May 2020

Hauck & Aufhäuser

18.00 Buy

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04 May 2020

SMC Research

15.90 Buy

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27 Apr 2020

Pareto

16.00 Buy

24 Apr 2020

Hauck & Aufhäuser

18.00 Buy

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23 Apr 2020

SMC Research

15.90 Buy

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26 Feb 2020

SMC Research

17.00 Buy

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13 Jan 2020

SMC Research

16.50 Buy

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30 Dec 2019

Baader Helvea

13.00 Buy

23 Dec 2019

Baader Helvea

11.50 Buy

12 Nov 2019

Kepler Cheuvreux

8.80 Hold

11 Nov 2019

SMC Research

15.90 Buy

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24 Oct 2019

SMC Research

15.50 Buy

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23 Oct 2019

Kepler Cheuvreux

8.30 Hold

22 Oct 2019

Baader Helvea

11.50 Buy

18 Oct 2019

Baader Helvea

11.50 Buy

25 Sep 2019

Baader Helvea

11.50 Buy

18 Sep 2019

Kepler Cheuvreux

8.30 Hold

19 Aug 2019

Baader Helvea

11.50 Buy

15 Aug 2019

SMC Research

14.80 Buy

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08 Aug 2019

Kepler Cheuvreux

11.40 Hold

22 Jul 2019

SMC Research

16.90 Buy

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19 Jul 2019

Baader Helvea

12.00 Buy

16 Jul 2019

Baader Helvea

12.00 Buy

18 Jun 2019

SMC Research

16.90 Buy

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12 Jun 2019

Kepler Cheuvreux

11.40 Hold

03 Jun 2019

Baader Helvea

12.00 Buy

29 May 2019

Baader Helvea

12.00 Buy

29 May 2019

Kepler Cheuvreux

11.70 Hold

22 May 2019

SMC Research

16.80 Buy

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21 May 2019

Kepler Cheuvreux

12.70 Hold

30 Apr 2019

Edison

n.a.

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29 Apr 2019

SMC Research

17.10 Buy

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17 Apr 2019

Kepler Cheureux

9.30 Hold

16 Apr 2019

Baader Helvea

12.00 Buy

09 Apr 2019

Hauck & Aufhäuser

17.00 Buy

09 Apr 2019

Kepler Cheureux

9.30 Hold

08 Apr 2019

Baader Helvea

12.00 Buy

03 Apr 2019

Kepler Cheuvreux

9.30 Hold

07 Mar 2019

Kepler Cheuvreux

9.30 Hold

07 Mar 2019

Baader Helvea

12.00 Buy

04 Mar 2019

SMC Research

15.50 Buy

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26 Feb 2019

Baader Helvea

12.00 Buy

For analyst reports from previous years, please contact us by e-mail at [email protected].

Capital Increase 2026

Munich, April 1, 2026 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has, with the approval of the Supervisory Board, resolved to carry out a capital increase against cash contributions to specifically finance the next phase of international expansion.

As part of the transaction, up to 4,269,651 new shares are to be issued, corresponding to up to 20% of the existing share capital. Upon full placement, Mutares expects gross proceeds of up to EUR 105 million. Major shareholders have waived their subscription rights up to 1,076,166 new shares. These new shares will initially be offered to institutional investors in private placements as part of an accelerated pre-placement immediately following the announcement.

Capital Increase

Here you will find all information on the capital increase 2026.