MWB AG's H1 Report Shows Strong Recovery

MWB AG has released its H1 trading statement, indicating significant growth. Sales reached €7.4 million, marking a 110% year-over-year increase and a 17% rise compared to H2'24. Despite the absence of specific sales figures for individual watches, a positive shift toward higher-priced models likely contributed to this increase.

EBITDA rose by 47% year-over-year to €0.072 million, though margins decreased slightly to 0.98%. The decline in margins is attributed to increased costs post-IPO, despite operational cost reductions following workforce adjustments.

Net income improved by 50% year-over-year to €0.067 million, reflecting the end of several loss-making periods. However, FY'24 results were negatively impacted by €0.33 million in IPO-related costs. Nevertheless, market conditions are improving, fostering potential future growth.