Q.beyond AG Unveils Strategy 2028 with Ambitious Growth Targets

Q.beyond AG recently announced its "Strategy 2028", signaling a shift from margin recovery to growth-focused objectives. The company aims for €250 million in sales and a 10% EBITDA margin by FY28, driven by organic sales growth, AI advancements, and mergers & acquisitions (M&A). The strategy relies on tapping into logistics, retail, healthcare, and energy, with a disciplined M&A approach targeting profitable firms with over 10% EBITDA margins.

A significant growth pillar is AI orchestration for the German Mittelstand, positioning Q.beyond as a leader with industry-specific AI agents powered by a BSI-certified data center. The firm's commercial model aims for substantial recurring revenue, though initial phases may impact margins. By FY28, Q.beyond targets over 60 AI enterprise clients, forecasting ambitious revenues.

Additionally, international expansion into Spain and Latvia aims to increase international revenue share to 10% by FY28. Current evaluation shows shares trading at an attractive 3.0x FY26 projected EV/EBITDA, with a BUY recommendation and a target price of €6.50.