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

By Reuters News


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:


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.)

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