W&W moved to Scale: W&W stock sits 20.59 percent below its high

Published on 10/15/2026 at 13:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

W&W left the SDAX after its Scale move on October 6, 2026. W&W stock costs EUR 13.31 on October 15, 2026, 0.23 percent above its Xetra close.

Scale move and earnings outlook

W&W moved into the Scale segment on October 6, 2026.
First-half 2026 IFRS profit reached EUR 105.0 million versus EUR 91.0 million.
W&W stock trades at EUR 13.31 at 1:35 p.m. CEST at Lang & Schwarz on October 15, 2026, 0.23 percent above the Xetra close of October 14, 2026.
Montega retained a Buy rating and a EUR 20.00 target on September 18, 2026.

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W&W stock was trading at EUR 13.31 at Lang & Schwarz on October 15, 2026 at 1:35 p.m. CEST, with a 0.23 percent gain against the previous Xetra close. The company moved its shares into the Scale segment on October 6, 2026, while leaving the SDAX.

According to Versicherungswirtschaft-heute on September 17, 2026, W&W said the move should reduce administrative costs and allow the group to switch from IFRS to German commercial accounting rules. The company also planned to propose a dividend increase from EUR 0.65 to EUR 0.75 per share from 2027.

Three milestones since March

W&W Group listed its 2025 results on March 27, 2026, reported first-half 2026 results on August 14, 2026, and announced the Scale transition on September 17, 2026. The latest step became effective on October 6, 2026.

What does 105 million mean?

The first-half 2026 IFRS profit of EUR 105.0 million was EUR 14.0 million higher than the EUR 91.0 million recorded in the prior-year period, according to Versicherungswirtschaft-heute. W&W's full-year target remains EUR 120.0 million to EUR 150.0 million, so the first half covered at least 70.00 percent of the lower end of that range. The report also pointed to pressure from the property crisis in building savings and weakness in health insurance.

Next dates for W&W

The next two dates listed by W&W Group are the quarterly statement for September 30, 2026 on November 12, 2026 and the LBBW German Company Day on November 18, 2026. The November reporting date is the next scheduled financial publication.

Stock stays below its high

W&W stock remains 20.59 percent below its 52-week high of EUR 16.76, based on the EUR 13.31 Lang & Schwarz price on October 15, 2026. Montega retained its Buy rating and a EUR 20.00 price target on September 18, 2026, according to Boerse Online.

Current valuation context

W&W had a market capitalization of EUR 1.2 billion and a 52-week range of EUR 13.02 to EUR 16.76 as of October 15, 2026. The target of EUR 20.00 stands 50.26 percent above the Lang & Schwarz price, although the analyst view remains separate from the company's operating results.

W&W was trading at EUR 13.31 at Lang & Schwarz on October 15, 2026 at 1:35 p.m. CEST, 0.23 percent above the Xetra close of October 14, 2026 at EUR 13.28. The further course of trading is shown by the continuously updated real-time quote of W&W stock.