By Helena Smolak
Mutares said it aims to nearly double current revenue and net profit by 2028, benefiting from recent steps to broaden its portfolio and expand its geographical footprint.
The German private-equity firm said late on Thursday that it targets consolidated revenue of 10 billion euros ($10.53 billion) and net profit of EUR200 million by 2028 as part of its medium-term strategy.
The company expects revenue at between EUR4.8 billion and EUR5.4 billion this year, while net profit is seen at EUR92 million-EUR112 million.
Following its recent expansion into China, Mutares said it plans to open an office in the U.S. next year, and that it recently added a retail-and-food segment to its existing activities.
The company reaffirmed its recently updated strategy for an annual dividend of at least EUR2 per share.
Write to Helena Smolak at [email protected]
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