MHP Hotel AG's Promising H1 2025 Results: A BUY Recommendation

MHP Hotel AG, evaluated by NuWays AG, has shown remarkable first-half results for 2025. The company reported a 12.6% increase in sales, reaching €79.3 million, aligning closely with earlier estimates. This progress was primarily fueled by a significant €60.1 million surge in logistics sales, alongside a notable Average Daily Rate increase of 8%. Key contributors include the recent opening of Koenigshof in Munich, adding €9 million to sales growth.

In terms of profitability, MHP achieved its first positive EBITDA in a typically weaker H1 since its 2021 listing, recording €2.3 million. This success is attributed to enhanced operating efficiency and smart leverage strategies. The company projects 2025 sales and EBITDA at €180 million and €15 million, respectively, showing confidence for the year ahead.

Looking forward, MHP plans to expand its portfolio, backed by a robust financial position bolstered by a recent €4.5 million capital increase. The company's valuation metrics remain attractive, supporting a continued BUY recommendation with an unchanged target price of €3.00.