{
 "as_of": "2026-11-06",
 "cmr": "de-cm-kg/XETRA/MBB",
 "fence": "The page is the record's research on the issuer — no analyst, no rating, no view.",
 "markdown": "The page is the record's research on the issuer — no analyst, no rating, no view.\n\n# MBB SE O.N. (Xetra: MBB) — research page\n\nAs of 2026-11-06 · de-cm-kg · record version 1\n\n## Identity and listing\n\nMBB SE O.N. is listed on Xetra under ticker MBB, ISIN DE000A0ETBQ4, LEI 967600M9R4EFYLPNWR50. Its security type is Corporate, its segment is SDAX, and its jurisdiction is Germany (Handelsregister HRB). Sector is not on the record, as the Xetra instruments file carries index membership and not a sector classification. Listing status is listed, not halted.\n\n## The disclosure read\n\nThe record holds 6 filings across 5 filing days in the window 2025-11-06 to 2026-11-06, comprising 1 ad hoc, 2 corporate news and 3 newswire releases. The median gap between filing days is 45.0 days. The latest filing is an ad hoc filing dated 2026-10-21, 16 days before the record date of 2026-11-06. Xetra peers number 419 issuers, with a median cadence gap of 22.8 days, a median of 6 filings and a median latency of 5.5 days. Sector peer figures are not on the record for this market.\n\n## Auditor\n\nThe auditor of record is Nexia GmbH Wirtschaftsprüfungsgesellschaft Steuerberatungsgesellschaft, Düsseldorf. The auditor's location is not on the record. Auditor changes are not on the record, as the register has no lifecycle type map yet.\n\n## Events and halts\n\nListing, delisting, name change, domicile change and segment move are not on the record, as the register has no lifecycle type map yet. The halt flag is listed, not halted.\n\n## Orderability\n\nThe outcome is ACM-200 for Professionelle Kunden, Privatkunden and Geeignete Gegenparteien, and it is determinable in each category. The rule version is acm-68000/de/mifid-ii-product-governance-produkt-berwachung/r1, with the chapter as of 2026-11-04.\n\n## Coverage\n\nThe issuer's investor-relations page names 5 research houses: Berenberg, ODDO BHF, Quirin Bank, Metzler and Dr Victor Beyer.\n\n## Open research\n\nNo openly published research notes were found on the record.\n\n## Licensed\n\nLicensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.\n\n## As-of depth\n\nThe vintage is not sealed. No issuer years are sealed, the market's earliest sealed date is not on the record, and the live record began date is not on the record.\n\n## Sources\n\n9 source pages are named on this page; every value above carries its own source page and read date in the numbers.\n\n- https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (identity.exchange)\n- https://api.gleif.org/api/v1/lei-records/967600M9R4EFYLPNWR50 (identity.jurisdiction)\n- https://mapping.gleif.org/api/v2/isin-lei/latest/download (identity.lei)\n- https://mcp.de-cm-kg.ai/events/XETRA/MBB (the disclosure lines)\n- https://www.cashmarket.deutsche-boerse.com/cash-en/Stay-Informed/current-regulatory-topics/mifid-ii-releases/4086638!suspension-list (the halt flag)\n- https://www.mbb.com/fileadmin/templates/downloads/finanzberichte/250331-MBB-Annual-Report-2024.pdf (the auditor)\n- https://mcp.de-cm-kg.ai/book/aio.json (the orderability chapter)\n- https://www.mbb.com/en/investor-relations/shares.html (coverage)\n- https://mcp.de-cm-kg.ai/record/XETRA/MBB (the record)\n",
 "market": "DE",
 "node": "de-cm-kg",
 "numbers": {
  "as_of_depth": {
   "issuer_years_sealed": [],
   "live_record_began": null,
   "node_history_from": null,
   "node_years_sealed": [],
   "note": "the DE vintage is not sealed; the record is the live record as of 2026-11-06",
   "record_version": 1,
   "sealed": false
  },
  "auditor": {
   "auditor": {
    "read_by": "read by ChatGPT (batch)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.mbb.com/fileadmin/templates/downloads/finanzberichte/250331-MBB-Annual-Report-2024.pdf",
    "state": "filled",
    "value": "Nexia GmbH Wirtschaftsprüfungsgesellschaft Steuerberatungsgesellschaft, Düsseldorf"
   },
   "auditor_firm_id": {
    "market": "DE",
    "state": "not_on_record"
   },
   "auditor_location": {
    "market": "DE",
    "state": "not_on_record"
   },
   "changes": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "cmr": "de-cm-kg/XETRA/MBB",
  "coverage": {
   "count": 5,
   "houses": [
    {
     "analyst": "Gerhard Orgonas",
     "house": "Berenberg",
     "read_by": "issuer IR page, fetched by this rail; house names read through Mistral (mistral-small-latest), each then found on the page",
     "read_date": "2026-11-12",
     "source": "https://www.mbb.com/en/investor-relations/shares.html",
     "state": "sourced"
    },
    {
     "analyst": "Klaus Breitenbach",
     "house": "ODDO BHF",
     "read_by": "issuer IR page, fetched by this rail; house names read through Mistral (mistral-small-latest), each then found on the page",
     "read_date": "2026-11-12",
     "source": "https://www.mbb.com/en/investor-relations/shares.html",
     "state": "sourced"
    },
    {
     "analyst": "Ralf Marinoni",
     "house": "Quirin Bank",
     "read_by": "issuer IR page, fetched by this rail; house names read through Mistral (mistral-small-latest), each then found on the page",
     "read_date": "2026-11-12",
     "source": "https://www.mbb.com/en/investor-relations/shares.html",
     "state": "sourced"
    },
    {
     "analyst": "Dr Victor Beyer",
     "house": "Metzler",
     "read_by": "issuer IR page, fetched by this rail; house names read through Mistral (mistral-small-latest), each then found on the page",
     "read_date": "2026-11-12",
     "source": "https://www.mbb.com/en/investor-relations/shares.html",
     "state": "sourced"
    },
    {
     "house": "Dr Victor Beyer",
     "read_by": "issuer IR page, fetched by this rail; house names read through Mistral (mistral-small-latest), each then found on the page",
     "read_date": "2026-11-12",
     "source": "https://www.mbb.com/en/investor-relations/shares.html",
     "state": "sourced"
    }
   ],
   "pages_checked": [
    {
     "page": "https://www.mbb.com/en/investor-relations/shares.html",
     "result": "read: 5 of 9 named houses found on the page"
    },
    {
     "page": "https://www.mbb.com/uploads/media/2015-11-15-edison-research.pdf",
     "result": "not readable by this rail (404)"
    }
   ],
   "read_by": "Perplexity sonar (search) · page read by this rail",
   "read_date": "2026-11-12",
   "since": "not stated on the page read",
   "state": "found"
  },
  "disclosure": {
   "against": {
    "exchange": {
     "issuers": 419,
     "median_cadence_gap_days": 22.8,
     "median_filings": 6,
     "median_latency_days": 5.5,
     "name": "Xetra"
    },
    "sector": {
     "market": "DE",
     "state": "not_on_record"
    }
   },
   "by_type": {
    "ad_hoc": 1,
    "corporate_news": 2,
    "newswire_release": 3
   },
   "cadence_median_gap_days": 45,
   "filing_days": 5,
   "filings": 6,
   "latency_days": 16,
   "latest": [
    {
     "category": "ad-hoc",
     "date": "2026-10-21",
     "source": "https://www.eqs-news.com/news/ad-hoc/mbb-se-increases-adjusted-ebitda-in-the-third-quarter-by-25-to-e84-million-and-raises-its-earnings-forecast-once-again-to-an-adjusted-ebitda-margin-range-of-22-24/32202d65-d607-4aaf-9066-a06f66525afa_en",
     "title": "MBB SE increases adjusted EBITDA in the third quarter by 25% to €84 million and raises its earnings forecast once again to an adjusted EBITDA margin range of 22-24% | Ad-hoc - EQS News",
     "type": "ad_hoc"
    },
    {
     "category": "corporate",
     "date": "2026-08-12",
     "source": "https://www.eqs-news.com/news/corporate/mbb-se-hands-over-ct-formpolster-to-nexeras/43f5c87e-c1ad-4ce3-ab64-f7198b29e0bc_en",
     "title": "MBB SE hands over CT Formpolster to Nexeras - EQS News",
     "type": "corporate_news"
    },
    {
     "category": null,
     "date": "2026-08-12",
     "source": "https://www.eqs-news.com/news/corporate/mbb-se-hands-over-ct-formpolster-to-nexeras/43f5c87e-c1ad-4ce3-ab64-f7198b29e0bc_en",
     "title": "MBB SE hands over CT Formpolster to Nexeras - EQS News",
     "type": "newswire_release"
    },
    {
     "category": "research",
     "date": "2026-07-23",
     "source": "https://www.eqs-news.com/de/news/research/original-research-mbb-se-von-quirin-privatbank-kapitalmarktgeschaft-buy/390a3e2c-88ea-4569-b0a7-bcf67a64c02f",
     "title": "MBB SE (von Quirin Privatbank Kapitalmarktgeschäft): Buy | Research",
     "type": "corporate_news"
    },
    {
     "category": null,
     "date": "2026-07-22",
     "source": "https://www.eqs-news.com/news/financial-reports/mbb-se-preliminary-announcement-of-the-publication-of-financial-reports-according-to-articles-114-115-117-of-the-wphg-the-german-securities-act/9a731946-d165-4c21-b0ea-abc7ee8529f8_en",
     "title": "MBB SE: Preliminary announcement of the publication of financial reports according to Articles 114, 115, 117 of the WpHG [the German Securities Act] | Advance financial reports - EQS News",
     "type": "newswire_release"
    }
   ],
   "latest_filing_date": "2026-10-21",
   "read": "the node's event lines (list_events_since), as get_filings serves them",
   "source": "https://mcp.de-cm-kg.ai/events/XETRA/MBB",
   "window": {
    "from": "2025-11-06",
    "to": "2026-11-06"
   }
  },
  "identity": {
   "exchange": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "Xetra"
   },
   "isin": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "confirmed",
    "value": "DE000A0ETBQ4"
   },
   "jurisdiction": {
    "read_by": "GLEIF LEI record (LEI per the LEI column) (registeredAs)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://api.gleif.org/api/v1/lei-records/967600M9R4EFYLPNWR50",
    "state": "sourced",
    "value": "Germany (Handelsregister HRB)"
   },
   "lei": {
    "read_by": "GLEIF ISIN-to-LEI mapping file (daily), LEI by exact ISIN",
    "read_date": "2026-11-09",
    "read_date_basis": "the field",
    "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download (ISIN DE000A0ETBQ4)",
    "state": "sourced",
    "value": "967600M9R4EFYLPNWR50"
   },
   "name": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "MBB SE O.N."
   },
   "sector": {
    "market": "DE",
    "reason": "the Xetra instruments file carries index membership, not a sector classification",
    "state": "not_on_record"
   },
   "security_type": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "Corporate"
   },
   "segment": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "SDAX"
   },
   "ticker": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "MBB"
   },
   "website": {
    "market": "DE",
    "state": "not_on_record"
   }
  },
  "licensed": {
   "columns": [
    "licensor",
    "entitlement",
    "title",
    "date",
    "source"
   ],
   "rows": [],
   "rule": "A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded."
  },
  "lifecycle": {
   "delisting": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "domicile_change": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "listing": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "name_change": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "segment_move": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "market": "DE",
  "node": "de-cm-kg",
  "numbers_hash": "sha256:485b47e9483f275e52e9c884fddd5e17cb8e144bc895971039160e2a1ec507da",
  "open_research": {
   "read_date": "2026-11-12",
   "rows": [],
   "state": "none_found"
  },
  "orderability": {
   "chapter_as_of": "2026-11-04",
   "client_categories": [
    "Professionelle Kunden",
    "Privatkunden",
    "Geeignete Gegenparteien"
   ],
   "outcomes": {
    "Geeignete Gegenparteien": {
     "determinable": true,
     "signal": "ACM-200"
    },
    "Privatkunden": {
     "determinable": true,
     "signal": "ACM-200"
    },
    "Professionelle Kunden": {
     "determinable": true,
     "signal": "ACM-200"
    }
   },
   "read": {
    "basis": "one live read per instrument class, halt state and client category on this market; this issuer's group",
    "chapter": "https://mcp.de-cm-kg.ai/book/aio.json",
    "door": "https://mcp.de-cm-kg.ai/mcp",
    "tool": "get_orderability"
   },
   "rule_version": "acm-68000/de/mifid-ii-product-governance-produkt-berwachung/r1",
   "section": "de.aio.v13"
  },
  "record": {
   "as_of": "2026-11-06",
   "url": "https://mcp.de-cm-kg.ai/record/XETRA/MBB",
   "version": 1
  },
  "schema": "research-numbers v0.1 (USR-01, 2026-11-11)",
  "status": {
   "read_date": "2026-11-09",
   "source": "https://www.cashmarket.deutsche-boerse.com/cash-en/Stay-Informed/current-regulatory-topics/mifid-ii-releases/4086638!suspension-list",
   "value": "listed, not halted"
  }
 },
 "numbers_hash": "sha256:485b47e9483f275e52e9c884fddd5e17cb8e144bc895971039160e2a1ec507da",
 "path": "/de/XETRA/MBB",
 "schema": "research-page v0.1 (USR-02, 2026-11-11)",
 "sections": [
  {
   "id": "identity",
   "text": "MBB SE O.N. is listed on Xetra under ticker MBB, ISIN DE000A0ETBQ4, LEI 967600M9R4EFYLPNWR50. Its security type is Corporate, its segment is SDAX, and its jurisdiction is Germany (Handelsregister HRB). Sector is not on the record, as the Xetra instruments file carries index membership and not a sector classification. Listing status is listed, not halted.",
   "title": "Identity and listing"
  },
  {
   "id": "disclosure",
   "text": "The record holds 6 filings across 5 filing days in the window 2025-11-06 to 2026-11-06, comprising 1 ad hoc, 2 corporate news and 3 newswire releases. The median gap between filing days is 45.0 days. The latest filing is an ad hoc filing dated 2026-10-21, 16 days before the record date of 2026-11-06. Xetra peers number 419 issuers, with a median cadence gap of 22.8 days, a median of 6 filings and a median latency of 5.5 days. Sector peer figures are not on the record for this market.",
   "title": "The disclosure read"
  },
  {
   "id": "auditor",
   "text": "The auditor of record is Nexia GmbH Wirtschaftsprüfungsgesellschaft Steuerberatungsgesellschaft, Düsseldorf. The auditor's location is not on the record. Auditor changes are not on the record, as the register has no lifecycle type map yet.",
   "title": "Auditor"
  },
  {
   "id": "events",
   "text": "Listing, delisting, name change, domicile change and segment move are not on the record, as the register has no lifecycle type map yet. The halt flag is listed, not halted.",
   "title": "Events and halts"
  },
  {
   "id": "orderability",
   "text": "The outcome is ACM-200 for Professionelle Kunden, Privatkunden and Geeignete Gegenparteien, and it is determinable in each category. The rule version is acm-68000/de/mifid-ii-product-governance-produkt-berwachung/r1, with the chapter as of 2026-11-04.",
   "title": "Orderability"
  },
  {
   "id": "coverage",
   "text": "The issuer's investor-relations page names 5 research houses: Berenberg, ODDO BHF, Quirin Bank, Metzler and Dr Victor Beyer.",
   "title": "Coverage"
  },
  {
   "id": "open_research",
   "text": "No openly published research notes were found on the record.",
   "title": "Open research"
  },
  {
   "id": "licensed",
   "text": "Licensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.",
   "title": "Licensed"
  },
  {
   "id": "depth",
   "text": "The vintage is not sealed. No issuer years are sealed, the market's earliest sealed date is not on the record, and the live record began date is not on the record.",
   "title": "As-of depth"
  },
  {
   "id": "sources",
   "text": "9 source pages are named on this page; every value above carries its own source page and read date in the numbers.",
   "title": "Sources"
  }
 ],
 "sources": [
  {
   "for": "identity.exchange",
   "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares"
  },
  {
   "for": "identity.jurisdiction",
   "source": "https://api.gleif.org/api/v1/lei-records/967600M9R4EFYLPNWR50"
  },
  {
   "for": "identity.lei",
   "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download"
  },
  {
   "for": "the disclosure lines",
   "source": "https://mcp.de-cm-kg.ai/events/XETRA/MBB"
  },
  {
   "for": "the halt flag",
   "source": "https://www.cashmarket.deutsche-boerse.com/cash-en/Stay-Informed/current-regulatory-topics/mifid-ii-releases/4086638!suspension-list"
  },
  {
   "for": "the auditor",
   "source": "https://www.mbb.com/fileadmin/templates/downloads/finanzberichte/250331-MBB-Annual-Report-2024.pdf"
  },
  {
   "for": "the orderability chapter",
   "source": "https://mcp.de-cm-kg.ai/book/aio.json"
  },
  {
   "for": "coverage",
   "source": "https://www.mbb.com/en/investor-relations/shares.html"
  },
  {
   "for": "the record",
   "source": "https://mcp.de-cm-kg.ai/record/XETRA/MBB"
  }
 ],
 "title": "MBB SE O.N. (MBB) — research page",
 "writer": {
  "by": "Claude through the platform account, Haiku class; one pass; checked against the numbers",
  "engine": "claude-haiku-5-5"
 }
}