DGAP-News: mutares portfolio: EUPEC expects sales to

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News Desk 2018

Dec 18, 2014 at 9:00 AM

DGAP-News: mutares portfolio: EUPEC expects sales to increase by more than 70% in 2014 and manages to secure a major new order

DGAP-News: mutares AG / Key word(s): Private Equity/Development of Sales mutares portfolio: EUPEC expects sales to increase by more than 70% in 2014 and manages to secure a major new order 18.12.2014 / 14:49 --------------------------------------------------------------------- EUPEC, a subsidiary of mutares AG (ISIN: DE000A0SMSH2) specialised on coatings of oil and gas pipelines, expects sales to increase by more than 70% in the year to 31 December 2014. The company also managed to secure a major order in Nigeria. Projects have been managed with significant profitability. The order pipeline for 2015/2016 looks promising. EUPEC expects sales of EUR 58m in 2014 after EUR 33m in 2013 (POC method). The increase by more than 70% demonstrates EUPEC's strong relationships with a well-diversified and loyal customer base. EUPEC has built a strong reputation of delivering within time and budget, while adhering to the highest safety standards. In 2014, EUPEC's successful track record and brand name enabled the company to attract new customers and significantly improve its profitability. The company's experienced and dedicated management team believes that the company is excellently positioned to continue its success story in 2015, together with its qualified and flexible workforce. Capacities in 2015 are almost fully booked. In particular, EUPEC managed to secure a major new order for field joint coating in Nigeria by Saipem and Total. The coatings will be processed in the Egina field, approximately 100 kilometres off the Nigerian coast, South of Port Harcourt. The order volume amounts to EUR 12m. EUPEC will enlarge production capacities to ensure that all projects will be completed on time. Bernard Guisol, CEO of EUPEC, comments: "We see a strong order pipeline for 2015 and 2016. EUPEC is one of the most successful niche players in the oil and gas industry. We are dedicated to continue our success story." Company profile of EUPEC For more than 40 years, EUPEC has been providing reliable solutions for the "end-to-end" protection of steel pipelines on both onshore and offshore pipeline industries. EUPEC is global leader in the application of multi-layer anti-corrosion coating systems based on polyolefin. Since 1964, EUPEC has successfully completed thousands of kilometres of pipeline and related field joint coating around the world. Today, EUPEC is firmly established as a benchmark for the oil and gas markets. Meeting this need on an international scale, EUPEC provides the technical expertise and human resources to drive the industry forward, supplying innovative technology for safe, efficient and environmental-friendly coating systems. Company profile of mutares AG mutares AG, Munich (www.mutares.de), acquires companies that are sold as part of a strategic repositioning by its former owners and possess clear potential for operative improvements. mutares actively supports its portfolio companies with its own team of experts with the objective of achieving significant uplift in value. Establishing sustainable new growth trajectories for its group company is therefore a key component of mutares' strategy. The shares of mutares AG are traded in the Open Market of the Frankfurt Stock Exchange (Entry Standard) under the symbol MUX (ISIN: DE000A0SMSH2). For further information, please contact: mutares AG Christoph Himmel Investor Relations & Corporate Communications Tel. +49 89 9292776-0 Fax +49 89 9292776-22 ir@mutares.de www.mutares.de --------------------------------------------------------------------- 18.12.2014 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 307159 18.12.2014

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