Original-Research: MBB SE (von Quirin Privatbank Kapitalmarktgeschäft): Buy

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Original-Research: MBB SE - from Quirin Privatbank Kapitalmarktgeschäft

23.07.2026 / 10:39 CET/CEST
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Classification of Quirin Privatbank Kapitalmarktgeschäft to MBB SE

Company Name: MBB SE
ISIN: DE000A0ETBQ4

Reason for the research: update
Recommendation: Buy
from: 23.07.2026
Target price: 245.00
Last rating change:
Analyst: Ralf Marinoni

Increase of FY 2026 adj. EBITDA

According to preliminary figures, MBB had a strong Q2 in the current
business, particularly in terms of the increase in EBITDA. As a result, the
company increased its expectations for adj. EBITDA in FY 2026. Therefore, we
have increased our estimates and confirm our Buy recommendation with a new
EUR 245.00 (EUR 232.20) TP, based on a sum-of-the-parts approach.

You can download the research here:
https://nwr.eqs-cockpit.com/fncls2.ssx?fn=redirect&u=2b7c7b70f5da4977979e1022d826dfcf
For additional information visit our website:
https://research.quirinprivatbank.de/

Contact for questions:
Quirin Privatbank AG
Institutionelles Research
Schillerstraße 20
60313 Frankfurt am Main
research@quirinprivatbank.de
https://research.quirinprivatbank.de/

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2370624 23.07.2026 CET/CEST

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Quelle: dpa-AFX