MBB SE/€MBB

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About MBB SE

MBB SE is a family-owned German conglomerate specializing in the acquisition and management of medium-sized industrial companies across technology and engineering sectors. Founded in 1995 and headquartered in Berlin, the company operates through three segments: Service & Infrastructure, Technological Applications, and Consumer Goods. The Service & Infrastructure segment offers IT security and cloud services, as well as pipeline and plant engineering for gas, power grids, and hydrogen applications. The Technological Applications segment focuses on manufacturing specialty machinery and automated production lines, particularly for e-mobility in the automotive industry, and develops ecological materials for automotive and rail sectors. The Consumer Goods segment produces tissue products under the "aha" brand and manufactures mattresses and other flexible polyurethane foam products. As of 2024, MBB SE reported revenues exceeding €1 billion and employed approximately 3,982 individuals.
Ticker
€MBB
Sector
Industrials
Primary listing
XETRA
Employees
4,583
Headquarters
Berlin, Germany
Website
www.mbb.com

MBB SE Metrics

BasicAdvanced
€905M
15.18
€11.35
1.13
€1.21
0.70%

Bulls say / Bears say

MBB’s earnings momentum is strong. Adjusted EBITDA rose 53.3% in the first half of 2026 and 61.8% in the second quarter, prompting the company to raise its full-year margin guidance from 15–18% to 18–20%. (EQS News)
The balance sheet gives MBB room to invest and return capital. Net liquidity was €769m at the end of June, while the holding company held €431.9m, supporting acquisitions, buybacks and a proposed 16th consecutive increase in the base dividend. (EQS News, EQS News)
The portfolio is gaining exposure to long-term infrastructure and public-sector demand. Friedrich Vorwerk’s order book exceeded €1.4bn, while DTS won a five-year €30m public-sector framework contract that should contribute meaningfully to profit in 2026. (Simply Wall St, Exa)
Profit growth is concentrated in Friedrich Vorwerk and may be sensitive to the timing and mix of infrastructure projects. That leaves MBB exposed if public investment slows or its large order book converts less profitably than expected. (Simply Wall St, EQS News)
Underlying revenue remains uneven. First-half sales fell 1.7%, DTS revenue dropped 19% in the second quarter because of project delays and component shortages, and Aumann revenue fell 30% as automotive demand stayed difficult. (Exa, EQS News)
MBB’s large cash balance may be difficult to deploy at attractive returns. Management says Germany’s investable market has shrunk and that infrastructure, defence and IT deals face heavy institutional competition, increasing the risk of slow growth or overpaying for acquisitions. (Exa)
Data summarised monthly by Lightyear AI. Last updated on 16 Sept 2026.

Funds containing MBB SE

AllEURGBP
Funds
Fund name
Fund size
€MBB weighting
Xtrackers MSCI Europe Small Cap€DX2J
€3.2B0.02%
Xtrackers MSCI Europe Small Cap£XXSC
£2.8B0.02%
SPDR MSCI All Country World IM€SPYI
€7.5B0.00%
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Market data provided by CBOE Europe and Deutsche Börse.