Mutares Unit Nord Gas Solutions Targets 2026 Revenue Over 575 Million Euros, Explores Nordic IPO
Mutares SE & Co. KGaA (XETR:MUX) announced that its portfolio company Nord Gas Solutions expects full-year 2026 revenue to exceed 575 million euros. The subsidiary reported an order backlog of 880 million euros as of September 30, 2026. For the first nine months of 2026, revenue reached 459 million euros, up from 283 million euros in the prior-year period, while adjusted EBITDA grew to 43 million euros from 20 million euros.
The ongoing financial performance and balance sheet strength, which includes 84 million euros in net cash and zero debt, support the parent company as it evaluates strategic exit routes for the business. Mutares SE & Co. KGaA is reviewing various exit options, which may include an initial public offering on a Nordic exchange to crystallize value.
Market participants will be watching for official decisions regarding the timing and structure of any potential divestment or listing. Further operational updates and finalized 2026 financial metrics will clarify whether Nord Gas Solutions meets or exceeds its updated revenue target.
Key points
- Nord Gas Solutions projects 2026 full-year revenue to surpass 575 million euros.
- Order backlog stood at 880 million euros as of September 30, 2026.
- Nine-month 2026 revenue rose to 459 million euros from 283 million euros in the previous year.
- Nine-month adjusted EBITDA increased to 43 million euros from 20 million euros prior.
- Nord Gas Solutions holds 84 million euros in net cash with no debt as exit options are reviewed.
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What is Nord Gas Solutions expected 2026 revenue?
Nord Gas Solutions expects 2026 revenue to exceed 575 million euros, backed by an order backlog of 880 million euros as of September 30, 2026.
Is Mutares considering an IPO for Nord Gas Solutions?
Mutares SE & Co. KGaA is evaluating strategic exit strategies for Nord Gas Solutions, including a potential listing on a Nordic exchange.
What are the key financial results for Nord Gas Solutions in 2026?
For the first nine months of 2026, Nord Gas Solutions recorded 459 million euros in revenue and 43 million euros in adjusted EBITDA, holding 84 million euros in net cash with no debt.