Germany's MBB preliminary Q2 adjusted EBITDA jumps, raises margin outlook

MBB SE

22/07/2026 07:49

    

    Overview
  
Germany industrial holding's preliminary Q2 adjusted EBITDA rose 62% to €75 mln
Q2 revenue increased 4.6% yr/yr to €298.5 mln; H1 revenue nearly flat
Company raised full-yr adjusted EBITDA margin forecast to 18-20%, revenue guidance unchanged

    

    Outlook
  
MBB raises full-year adjusted EBITDA margin forecast to 18-20% from 15-18%
Company maintains full-year revenue guidance at €1.1 bln to €1.2 bln
The complete half-year report will be published on 13 August 2026

    

    Result Drivers
  
FRIEDRICH VORWERK PERFORMANCE - Co said strong operating performance at Friedrich Vorwerk was the main driver of Q2 results
OTHER SUBSIDIARIES - Incremental EBITDA gains at DTS, Delignit and Hanke also contributed to improved results

    
Company press release: ID:nEQbpz9mta

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
H1 Revenue
 
EUR 536 mln
 

    

    Analyst Coverage
  
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the construction & engineering peer group is "buy"
Wall Street's median 12-month price target for MBB SE is €228.00, about 29.8% above its July 21 closing price of €175.60
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 15 three months ago

    

    Reuters Recommended Reads
  
July 22 - Germany's Friedrich Vorwerk H1 EBITDA jumps on strong order intake, raises 2026 EBITDA outlook
July 21 - Germany's GEA Group raises 2026 outlook after Q2 preliminary results exceeded internal targets
July 21 - Germany's Mensch und Maschine H1 sales rise on strength in M+M Software segment

    
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)