Sphene Capital reiterates Buy on Mutares, sets EUR 49.3 price target

• Sphene Capital reiterated a Buy on Mutares, trimming its 36-month target to EUR 49.3 from EUR 49.4.
• H1 2026 revenue rose to EUR 3.4 billion from EUR 3.1 billion; reported EBITDA fell to EUR 348.8 million from EUR 598.2 million.
• Adjusted EBITDA swung to EUR 66.7 million from EUR -88.5 million; adjusted margin improved to 2% from -2.8%.
• The firm cited stronger operating performance across several segments, improved earnings quality, sustained exit activity, broader diversification beyond automotive.
• H1 deal activity included 14 transactions; it highlighted the post-period SABIC Engineering Thermoplastics acquisition as strategically important.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mutares SE & Co. KgaA published the original content used to generate this news brief via EQS News (Ref. ID: rc_26390) on August 05, 2026, and is solely responsible for the information contained therein.