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

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: MBB20260723k
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/