Berenberg keeps EUR 125.00 target for Suess Microtec stock

Published on 10/26/2026 at 10:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

H1 2026 orders reached EUR 410.0 million, up 145.80 percent. Suess Microtec stock costs EUR 49.79 on October 26, 2026 versus EUR 49.64.

Analyst outlook and operating test

Berenberg kept its EUR 125.00 target for Suess Microtec on October 14, 2026.
First-half 2026 order intake reached EUR 410.0 million, up 145.80 percent year on year.
Suess Microtec stock traded at EUR 49.79 at 10:39 a.m. CET at Lang & Schwarz on October 26, 2026, plus 0.30 percent versus the Xetra close of October 23, 2026.

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Suess Microtec (ISIN DE000A1K0235) traded at EUR 49.79 at Lang & Schwarz on October 26, 2026 at 10:39 a.m. CET, up 0.30 percent versus the Xetra close of October 23, 2026 at EUR 49.64. The key investor reference is Berenberg's unchanged EUR 125.00 target in its October 14, 2026 study, reported by FinanzNachrichten.

Orders test the investment case

The bullish part of the story is demand. SUSS reported first-half 2026 order intake of EUR 410.0 million, up 145.80 percent from EUR 166.8 million a year earlier, while its backlog reached EUR 473.7 million at June 30, 2026. These figures were presented on the company's investor-relations pages, which also show fiscal year 2025 revenue of EUR 503.2 million and an EBIT margin of 13.1 percent.

The counterweight is execution. A September 2026 component shortage was described in the October 8, 2026 mwb research preview as a risk to deliveries, with some equipment shipments moving into the fourth quarter. The report cut its target from EUR 120.00 to EUR 110.00 while retaining a Buy recommendation, according to FinanzNachrichten.

What does the order surge mean?

The comparison between orders and sales is the central operating question. First-half 2026 revenue was EUR 202.8 million, down 23.90 percent year on year, while the EBIT margin was 7.00 percent, according to a reported review of the company's figures. That gap leaves the November update to show whether the record order intake is converting into revenue at the expected profitability.

Three dated signals from SUSS

On May 7, 2026, first-quarter order intake reached EUR 149.3 million, up 69.50 percent year on year, according to 4investors. On August 6, 2026, first-half order intake reached EUR 410.0 million and the backlog stood at EUR 473.7 million, according to SUSS. On October 14, 2026, Berenberg kept its Buy rating and EUR 125.00 target, according to FinanzNachrichten.

Next date for the numbers

SUSS is scheduled to publish its third-quarter 2026 update on November 5, 2026, according to Boerse Express. The release will put delivery timing, revenue conversion and the 8.00 to 10.00 percent fiscal year 2026 EBIT-margin outlook under scrutiny.

Price and operating context

The euro quotation is 58.29 percent below the 52-week high of EUR 118.40 and above the 52-week low of EUR 15.36. The company is listed on Xetra and belongs to the MDAX and TecDAX; the investor-relations page identifies the ticker as SMHN and the WKN as A1K023. Suess Microtec was trading at EUR 49.79 at Lang & Schwarz on October 26, 2026 at 10:39 a.m. CET, plus 0.30 percent versus the Xetra close of October 23, 2026 at EUR 49.64. The further course of trading is shown by the continuously updated real-time quote of Suess Microtec stock.