MBB SE Reports 88% EBITDA Growth and Raises Earnings Forecast

MBB SE, a Berlin-based medium-sized family business, announced an impressive 88% increase in its adjusted EBITDA, reaching €93.2 million in the first nine months of 2024. The company's revenue also climbed by 11% year-over-year to €764.6 million, resulting in a 12.2% EBITDA margin. This growth led MBB SE to revise its full-year EBITDA margin forecast upward to 12%.

Friedrich Vorwerk emerged as a significant contributor, with a substantial 23% rise in revenue to €339.1 million. It also posted a 144% increase in EBITDA, achieving a 14.7% margin. Projections for Friedrich Vorwerk foresee revenues of up to €460 million and an EBITDA margin between 14% to 15%.

Despite positive overall growth, Aumann faced challenges due to reduced end-customer demand, affecting its order intake. In contrast, Hanke showed robust performance, offsetting weaker results from Delignit and CT Formpolster. The MBB Group maintains a strong net cash position, encouraging share buybacks worth up to €15 million.