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Original-Research: Ernst Russ AG - from Quirin Privatbank

Kapitalmarktgeschäft

15.04.2026 / 15:03 CET/CEST

Dissemination of a Research, transmitted by EQS News - a service of EQS

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Classification of Quirin Privatbank Kapitalmarktgeschäft to Ernst Russ AG

Company Name: Ernst Russ AG

ISIN: DE000A161077

Reason for the research: update

Recommendation: Buy

from: 15.04.2026

Target price: 12.50

Last rating change:

Analyst: Ralf Marinoni

Acquisition of 4 Tanker newbuildings

Following its communicated strategy, Ernst Russ is expanding beyond its

traditional container shipping focus by entering the chemical/product tanker

market. This is a strategic diversification move aimed at strengthening

long-term cashflows. The company's entry into this new ship segment

demonstrates that it is achieving its strategic goals: to diversify the

fleet across various vessel segments. We therefore confirm our Buy

recommendation and the EUR 12.50 Target Price.

You can download the research here:

https://eqs-cockpit.com/c/fncls.ssp?u=2d038a7888f4b4076563081a0973d703

For additional information visit our website:

https://research.quirinprivatbank.de/

Contact for questions:

Quirin Privatbank AG

Institutionelles Research

Schillerstraße 20

60313 Frankfurt am Main

research@quirinprivatbank.de

https://research.quirinprivatbank.de/

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2309112 15.04.2026 CET/CEST

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