VBG Group VBG B
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The news check keeps the assessment current.
General analysis — not personal advice.
Hold; consider adding after Q1 if organic growth and margins improve.
Qualitatively strong company with continued order intake growth but temporary margin pressure from raw materials, tariffs and restructuring supports the hold signal.
Sentiment remains neutral with focus on margin pressure from raw materials, tariffs and restructuring despite positive analyst actions and institutional buying.
HOLD is the call. Neutral is the market mood. Medium risk means some things can go wrong.
Latest change
- 14 May 2026 — A new Q1 2026 report appears in the new analysis: revenue 1,376 MSEK and organic growth of 5.3%, but slightly lower margin/EBIT vs. last year. The company also outlined plans for a new Dobřany (Czechia) facility to…
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Show all changes (2) — follow the company freeAbout the company
VBG Group is an industrial group developing and manufacturing components and systems for heavy trucks and trailers, plus power transmission and mobile thermal solutions. The company is profitable and mature, with growth largely driven by acquisitions and FX effects rather than strong organic expansion.
Bull case
Order intake is growing faster than revenue and price adjustments together with efficiency gains from the Czech consolidation can gradually improve margins.
Bear case
Margins are pressured by raw material prices and tariffs plus delayed price compensation, and the restructuring may cause continued cost disruption in the short term.
Why this signal
Qualitatively strong company with continued order intake growth but temporary margin pressure from raw materials, tariffs and restructuring supports the hold signal.
Recent news
Svolder acquired shares for SEK 83 million. ABG Sundal Collier initiated coverage with a buy rating and SEK 410 target on 11 September. EFN recommended buy on 20 August citing that margins have bottomed. SB1 Markets initiated with neutral and SEK 350 target.