^ Original-Research: MBB SE - from Quirin Privatbank Kapitalmarktgeschäft

23.07.2026 / 10:39 CET/CEST Dissemination of a Research, transmitted by EQS News - a service of EQS Group. The issuer is solely responsible for the content of this research. The result of this research does not constitute investment advice or an invitation to conclude certain stock exchange transactions.

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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