Ernst Russ AG's Positive FY 2025 Performance Leads to Buy Recommendation

Quirin Privatbank Kapitalmarktgeschäft has updated its research on Ernst Russ AG, maintaining a "Buy" recommendation and raising the target price to EUR 12.50. In FY 2025, Ernst Russ AG met its sales and EBIT guidance, and enhanced its financial strength by improving liquidity, equity ratio, and reducing net debt.

The company further optimized its fleet by ordering two new ships and decreasing non-strategic minority interests. Ernst Russ AG plans potential acquisitions to diversify its fleet, which may include two multi-purpose vessels at the start of 2026.

This positive performance has led to a valuation increase, with Quirin Privatbank highlighting the company's strategic developments and robust financial health as key factors supporting the buy recommendation.