EQS-News: MBB SE increases EBITDA by 37% in first half-year and confirms upper end of forecast range

MBB SE increases EBITDA by 37% in first half-year and confirms upper end of forecast range

Berlin, 14 August 2025 – MBB SE (ISIN DE000A0ETBQ4), a medium-sized family-owned company, achieved significant growth in revenue and earnings in the first half of 2025. Revenue rose by 16.8% to €545.5 million (previous year: €467.0 million), while adjusted EBITDA grew disproportionately by 36.8% to €76.4 million (previous year: €55.8 million). The EBITDA margin thus improved again significantly by 2.1 percentage points to 14.1% (previous year: 12.0%). In the second quarter, revenue rose by 9.2% year-on-year to €285.5 million, while EBITDA increased by 40.2% to €46.5 million. The EBITDA margin was 16.4%.

The main driver was once again the Service & Infrastructure segment, which increased its revenue by 49.0% to €361.6 million and its EBITDA by 95.4% to €62.4 million. Friedrich Vorwerk increased its revenue by 56.1% to €303.1 million and achieved an EBITDA margin of 18.0%. This dynamic development was due to high capacity utilisation and rapid progress on major projects such as A-Nord. The very high order backlog of €1.1 billion as of 30 June 2025 and the recently awarded major order for the ETL 182 with an order value in the mid-three-digit million range underscore Friedrich Vorwerk's strong competitive position in the market for critical energy infrastructure. Against this backdrop, the company’s management recently raised its forecast for 2025 to €610-650 million in revenue with an EBITDA margin of 17.5-18.5% (previously €540-570 million in revenue and an EBITDA margin of 16-17%). DTS continued its growth momentum with an increase of 20.6% to €58.6 million in revenue and an EBITDA margin of 13.5%. In addition, DTS acquired a major order for IT security solutions in the low to mid double-digit million range with a term of five years, thereby consolidating its position as a leading IT security specialist in a growing market.

The Technological Applications segment recorded a decline in revenue of 20.3% to €142.0 million and in EBITDA of 21.9% to €13.8 million due to muted demand in the automotive industry. Aumann achieved a largely stable EBITDA margin of 10.8% thanks to proactive cost optimisation measures, despite a 23.4% decline in revenue to €108.3 million. Delignit generated revenue of €33.7 million (‑8.2%) and kept its margin broadly stable. The Consumer Goods segment was confronted with weak consumer demand and start-up costs for the new conversion capacities at Hanke. Revenue fell by 9.2% to €42.1 million, while EBITDA was down on the previous year at €1.4 million (€4.2 million).

Despite significant investments and a seasonal increase in working capital, the Group had a net liquidity of €457.4 million at the end of the first half of the year (31 December 2024: €553.9 million), of which €292.0 million was attributable to the holding company MBB SE (31 December 2024: €280.8 million). This means that MBB continues to have considerable strategic scope for further organic and inorganic growth.

Against the backdrop of a strong half-year, MBB confirms its forecast of revenue between €1.0 billion and €1.1 billion and an EBITDA margin of 11 to 14% and expects to achieve these figures at the upper end of the range.

The full half-year report is available at www.mbb.com.

MBB SE

Kurfürstendamm 188

10707 Berlin

Tel +49 30 844 15 330

ir@mbb.com

www.mbb.com

Chairman of the Board of Directors and Executive Management

Dr Christof Nesemeier

Executive Management

Torben Teichler

Register court

Berlin-Charlottenburg Local Court, registration number: HRB 165458