QnR sets EUR 52.90 million goal: Quality & Reliability stock gets EUR 1.99 target

Published on 10/06/2026 at 06:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

EBITDA rose 71.00 percent to EUR 3.56 million in first-half 2026. For Quality & Reliability stock, 2030 revenue target is EUR 52.90 million.

Quality & Reliability, GRS396003006, Illustration mit AI erstellt.

QnR set a 2030 revenue goal of EUR 52.90 million, while Quality & Reliability stock has a listed 12-month target of EUR 1.99, according to Naftemporiki on September 29, 2026, and Investing.com. The strategy combines acquisitions with expansion beyond Greece, giving the small technology group a more ambitious growth profile.

First-half earnings accelerate

Quality & Reliability reported first-half 2026 results on September 23, 2026. According to Powergame, adjusted EBITDA reached EUR 3.56 million, up 71.00 percent from EUR 2.08 million in first-half 2025, and the adjusted EBITDA margin rose to 25.60 percent from 24.00 percent.

Reported EBITDA stood at EUR 3.16 million, an increase of 52.00 percent, with a 22.70 percent margin. Net profit after taxes reached EUR 2.17 million, compared with EUR 0.75 million in first-half 2025, while basic earnings per share rose to EUR 0.0508 from EUR 0.0274.

Acquisitions support the 2030 plan

The 2030 targets are based on organic growth and exclude additional acquisitions, according to Naftemporiki. Management compares the revenue goal of EUR 52.90 million with EUR 21.00 million in 2025 and the EBITDA goal of EUR 12.00 million with EUR 3.10 million in 2025.

The company also aims to lift the share of revenue generated outside Greece from 10.00 percent to 60.00 percent and recurring revenue from 25.00 percent to 60.00 percent. Poland is intended to serve as a base for Central and Eastern European expansion, while the United Arab Emirates and Saudi Arabia are potential later markets.

Stock range and company scale

Quality & Reliability is listed on the Athens Stock Exchange under ticker QUAr. Its 52-week range was EUR 1.00 to EUR 1.51 on October 5, 2026, and the latest structured quote placed market capitalization at EUR 35.0 million on the same date.

For investors, the key test is execution: the first-half margin improvement provides a current operating benchmark, while the 2030 plan requires revenue to rise from EUR 21.00 million in 2025 to EUR 52.90 million. The comparison makes international expansion and acquisition integration central to the valuation discussion.