Quality & Reliability reports growth: Piraeus targets Quality & Reliability stock at EUR 1.90

Published on 10/15/2026 at 13:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half revenue reached EUR 13.90 million, up 60.80 percent. Quality & Reliability stock costs EUR 1.20 on October 15, 2026, versus a EUR 1.90 target.

Operating growth and valuation

First-half revenue reached EUR 13.90 million on September 23, 2026.
Piraeus Securities set a EUR 1.90 target on July 29, 2026.
Quality & Reliability stock traded at EUR 1.20 at 1:36 p.m. CEST at Lang & Schwarz on October 15, 2026.

Quality & Reliability, GRS396003006, Illustration mit AI erstellt.

Quality & Reliability (ISIN GRS396003006) reported EUR 13.90 million in first-half revenue, up 60.80 percent from EUR 8.65 million a year earlier. The result dated September 23, 2026, puts operating growth and the group's expansion plans at the center of the investment case.

Revenue growth meets stronger earnings

According to Euro2day on September 23, 2026, group EBITDA rose 52.00 percent to EUR 3.16 million in the first half of 2026, with a 22.70 percent margin. Adjusted EBITDA increased 71.00 percent to EUR 3.56 million, while net profit after taxes reached EUR 2.17 million from EUR 0.75 million.

The comparison is material because the reported period included EUR 0.36 million of non-recurring acquisition expenses and EUR 0.04 million of impairment losses. Net debt stood at EUR 1.45 million on June 30, 2026, down from EUR 2.28 million at the end of 2025.

Three steps shaped the expansion

The company completed three dated steps during the past twelve months. It completed the acquisition of 51.00 percent of MTIS for consideration of up to EUR 2.97 million on February 13, 2026; it acquired 51.00 percent of Polish EXIM-IT for EUR 2.60 million plus up to EUR 4.30 million on July 7, 2026; and it reported EUR 13.90 million of first-half revenue on September 23, 2026, according to Euro2day.

What does the target imply?

Quality & Reliability said on July 29, 2026, that Piraeus Securities raised its target to EUR 1.90 from an earlier EUR 1.49 and maintained an Outperform rating. The house also lifted its equity value assessment to EUR 66.70 million from EUR 49.00 million, a 36.00 percent increase. Separately, Euro2day reported on September 26, 2026, that management targeted revenue above EUR 50.00 million in 2030 and EBITDA near EUR 12.00 million, with a 23.00 percent margin.

Stock price stays in focus

For investors, the key question is whether the higher revenue base can translate into recurring international growth. Management said the group had eight companies, four delivery centers and more than 210 professionals across four countries in its July 29, 2026 update.

Quality & Reliability was trading at EUR 1.20 at Lang & Schwarz on October 15, 2026 at 1:36 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Quality & Reliability stock.