MBB SE Ups FY 2025 Guidance Amid Strong Q3 Results

In its recent research update, Quirin Privatbank Kapitalmarktgeschäft recommended a "Buy" for MBB SE, underlining the company's strong financial performance. MBB reported an adjusted EBITDA of EUR 67.4 million for Q3 2025, marking an 80% increase from the previous year. This growth was driven by robust operations at Friedrich Vorwerk and DTS. Revenue climbed by 6.5% to EUR 316.8 million, while the adjusted EBITDA margin surged 8.7 percentage points to around 21.2%.

For the first nine months of FY 2025, MBB's adjusted EBITDA rose by 54% year-over-year to EUR 143.7 million, outpacing the 12.8% rise in revenue to EUR 862.3 million. This led to a 16.7% EBITDA margin. Consequently, MBB revised its revenue forecast to EUR 1.1 billion - EUR 1.2 billion with an EBITDA margin of 15-17%. The target price is set at EUR 285.90.