EQS-News: Swissnet Group: Quirin increases price target to EUR 23.50 while First Berlin, Nuways maintain their price target and continue to rate shares as “Buy”

Swissnet Group: Quirin increases price target to EUR 23.50 while First Berlin, Nuways maintain their price target and continue to rate shares as “Buy”

Berg, Switzerland – 8 October 2025 – Research houses First Berlin, Nuways and Quirin have released updated research reports on its rating of Swissnet Group (ISIN: CH0451123589 - Ticker: MLBMD). Quirin increases price target from EUR 21.00 to EUR 23.50 while First Berlin, Nuways maintain their price target and all research houses continue to rate shares as “Buy”. First Berlin has target price of EUR 19.00 and Nuways sets a target price of EUR 20.00.

The updated research highlights Swissnet’s robust H1 2025 performance with revenues nearly doubled year-on-year to CHF 11.3MM and recurring revenues now at 77% of the total, while adj. EBITDA also doubled to CHF 2.3MM (20% margin), underscoring its SaaS-driven growth, improving profitability, and accelerating international expansion. A key growth catalyst also mentioned is Swissnet International, with the MENA and APAC regions already signed several major contracts in their first year and the integration of Swissnet ICT and Lokalee continues to unlock cross-selling opportunities.

The current reports on Swissnet Group are available for download on the corporate website of Swissnet http://www.swissnet.ag in the "Investor Relations" section.

About Swissnet Group

The Swissnet Group is a leading provider of location-based marketing software (LBM), Wi-Fi infrastructure systems and Wi-Fi guest hotspots. The group serves customers in the retail, hospitality, healthcare and public sectors, among others. The subsidiaries under the Swissnet group umbrella are known for their outstanding expertise in digital transformation and Software as a Service. With intelligent and fully cloud-based technologies, the Swissnet Group offers its customers tangible added value and success by improving their omnichannel strategies. The company is listed on the Frankfurt Stock Exchange and traded in the XETRA segment.

For more information, please visit http://www.swissnet.ag.