MWB AG on Path to Profitable Growth with HOLD Recommendation

MWB AG, classified under the ISIN DE000A4032H1 by NuWays AG, sees a HOLD recommendation with a target price of EUR 65 within 12 months. The company is expected to build on its successful H1 2025, projecting FY25 sales at approximately EUR 12.9 million, marking a 31% year-over-year increase. This growth is attributed to the recovering secondary luxury watch market, with brands like Rolex, Patek Philippe, and Audemars Piguet rebounding in price after years of decline.

MWB AG's FY25 EBITDA is anticipated to improve to EUR 210k, recovering from a EUR 430k loss in FY24 which faced IPO-related expenses. Net income is projected to turn positive at EUR 174k. Looking beyond 2025, MWB AG anticipates continued profitable growth, expecting a 12% annual sales rise, reaching EUR 16 million by FY27. Factors including a growing customer base and optimized processes are set to enhance MWB AG’s bottom line.

The company’s improved estimates reflect in a slight DCF valuation increase, raising the target price from EUR 63 to EUR 65, maintaining a HOLD recommendation.