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Original-Research: Daldrup & Söhne - from Quirin Privatbank

Kapitalmarktgeschäft

07.04.2026 / 10:58 CET/CEST

Dissemination of a Research, transmitted by EQS News - a service of EQS

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The issuer is solely responsible for the content of this research. The

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Classification of Quirin Privatbank Kapitalmarktgeschäft to Daldrup & Söhne

Company Name: Daldrup & Söhne

ISIN: DE0007830572

Reason for the research: update

Recommendation: Buy

from: 07.04.2026

Target price: 28.80

Last rating change:

Analyst: Ralf Marinoni

Prel. FY 2025 results: EBIT clearly above expectations

Daldrup & Söhne published preliminary figures for FY 2025: the group EBIT

reached approximately EUR 8.8m with an EBIT margin of ~17,4%. This margin is

unprecedented in Daldrup's history! We have adjusted our DCF model,

specifically lowering the risk parameters. Our new price target is now EUR

28.80 (previously: EUR 20.00), and our recommendation remains Buy.

You can download the research here:

https://eqs-cockpit.com/c/fncls.ssp?u=bb6aa6d1d0c0168dd9a57bc78a7eb7a1

For additional information visit our website:

https://research.quirinprivatbank.de/

Contact for questions:

Quirin Privatbank AG

Institutionelles Research

Schillerstraße 20

60313 Frankfurt am Main

research@quirinprivatbank.de

https://research.quirinprivatbank.de/

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2304118 07.04.2026 CET/CEST

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