Germany's MBB Q3 adjusted EBITDA rises 25%, revenue stable

MBB SE

Yesterday 07:40

Overview
Germany industrial holding's preliminary Q3 adjusted EBITDA rose 25% yr/yr to €84 mln
Q3 revenue remained stable at €318.1 mln
Company raised full-yr adjusted EBITDA margin guidance to 22-24%

Outlook
MBB raises full-year adj EBITDA margin forecast to 22-24% from 18-20%
Company maintains full-year revenue guidance at €1.1-1.2 bln
Company cites strong Q3 operating performance as reason for raising margin guidance

Result Drivers
FRIEDRICH VORWERK PERFORMANCE - Co attributed Q3 adjusted EBITDA growth to strong operating performance at Friedrich Vorwerk
STABLE REVENUE - Co said revenue was largely unchanged yr/yr in Q3
GUIDANCE RAISED - Co raised adjusted EBITDA margin guidance following Q3 performance

Company press release: ID:nEQ7hv6RBa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
9M Revenue
 
EUR 854.10 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 €220.50, about 22.5% above its October 20 closing price of €180.00
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 15 three months ago

Reuters Recommended Reads
Oct 21 - Friedrich Vorwerk Group Q3 EBITDA jumps 58% on higher JV contribution

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)