Mbb Se · XETR:MBB
Mbb — Q3 2025 Earnings Presentation
15 slides from Mbb's earnings presentation, Nov 13, 2025
Slide 1: Q3 Results 2025
Q3 Results 2025 MBB SE 13 November 2025
Slide 2: MBB offers long-term succession solutions to sustainable Mittelstand companies
MBB offers long-term succession solutions to sustainable Mittelstand companies Family business Founded in 1995 and family-owned for the long term Capital Markets Extraordinary growth and value creation potential due to capital market access Long-term focus Long-term investment horizon without intent
Slide 3: 9M 2025 was marked by strong top- and bottom-line growth
9M 2025 was marked by strong top- and bottom-line growth Revenue Adj. EBITDA +13 % 12.2% 16.7% 862 + 49 % 765 +54 % 144 93 9M/24 9M/25 9M/24 9M/25 in €m in €m 3
Slide 4: Q3 2025 contributed especially to the bottom-line
Q3 2025 contributed especially to the bottom-line Revenue Adj. EBITDA +6 % 12.5% 21.2% 317 + 49 % 298 +80 % 67 37 Q3/24 Q3/25 Q3/24 Q3/25 in €m in €m 4
Slide 5: Q3 was once more driven by a very strong development of the S&I Segment
Q3 was once more driven by a very strong development of the S&I Segment Revenue and adj. EBITDA in €m Service & Technological Consumer Infrastructure Applications Goods +28 234 168 105 -2 63 +1 56 28 24 20 10 8 2 3 Q3/24 Q3/25 Q3/24 Q3/25 Q3/24 Q3/25 5
Slide 6: Energy transition and IT security are the driving force behind the S&I Segment
Energy transition and IT security are the driving force behind the S&I Segment Energy infrastructure for the energy transition IT security for the German Mittelstand High productivity and execution on major projects Strong dynamic continues in Q3 driven by better drove Q3 EBITDA margins by almost 8
Slide 7: Muted investments in automation and renewable materials affect the TA Segment
Muted investments in automation and renewable materials affect the TA Segment Automation solutions for E-mobility System solutions from ecological raw materials Weak Q3 order intake reflecting muted investments by Q3 continues to be affected by volatile call-off behavior OEMs but Next Automation wit
Slide 8: Mixed consumer demand and capacity ramp-up affect the CG Segment
Mixed consumer demand and capacity ramp-up affect the CG Segment Tissue products Mattresses for e-commerce Ramp-up of new converting capacity as well as soft Modest recovery from a low level due to still low consumer demand still affected Q3 consumer demand in the furniture market Expansion of conve
Slide 9: Thanks to the strong 9M development, MBB increased its guidance for 2025
Thanks to the strong 9M development, MBB increased its guidance for 2025 Revenue Adj. EBITDA 14% 11-14% 15-17% 1.1-1.2 + 49 % 1.07 1.0-1.1 9M: 862 149 FY 24 FC 25 I FC 25 II FY 24 FC 25 I FC 25 II in €bn in €m 9
Slide 10: MBB's balance sheet remains more than robust
MBB's balance sheet remains more than robust Balance sheet as at 30 September 2025 in €m 1,279 1,279 Fixed assets** 356 858 Equity (67%) Current assets** 341 Cash* 583 56 Financial liabilities thereof €318m net cash 527 in MBB SE Net Cash 365 Other liabilities Assets Equity & Liabilities * Liquidity
Slide 11: MBB – exceptional value but not expensive
MBB – exceptional value but not expensive Sum-of-the-parts in €m and €/share* 848 Current Friedrich Vorwerk share price 188 € 60 € NAV 219 € 72 ∼ 1,5 bn € Delignit 12 Net Cash Holding 234 € Private 318 Portfolio 0€ up to 280 € Current NAV * Cash and shareholdings as of 30.09.2025, Market Caps as of
Slide 12: Questions & Answers
Questions & Answers 12
Slide 13: Contact
Contact MBB SE Kurfürstendamm 188 D-10707 Berlin Tel: +49 30 84415 330 Fax: +49 30 84415 333 Mail: ir@mbb.com Web: www.mbb.com 13
Slide 14: Disclaimer
DISCLAIMER By accessing this document you agree to abide by the limitations set out hereafter. The information contained in this document relating to MBB SE ("MBB" or the "Company") may not be redistributed. reproduced. published. or passed on to any other person and must not be relied upon for any
Slide 15: MBB.COM
MBB.COM