MVISE AG Shows Improved Profitability Amid Business Restructuring

In a recent update by NuWays AG, mVISE AG has been labeled a "Buy" with a 12-month target price of €1.30. This follows strong earnings quality in the first half of 2025 despite a 34% year-on-year drop in sales, primarily due to a strategic reorganization and market weaknesses. Key changes include a reduced workforce and the elimination of low-margin projects.

Despite the drop in sales to €3.1 million, mVISE AG achieved a 16.5% EBITDA margin, up 6.6 percentage points year-on-year, due to reduced personnel costs and a shift towards a software-focused business model. A significant capital restructuring has bolstered their financial health, with no major debt maturities looming for four years.

The recently approved capital reduction and upcoming cash capital increase suggest mVISE is poised for transformation into an investment platform, focusing on minority stakes to leverage organic growth and synergies.