View 
FILTERS (0)
* Not connected to ResearchPool

MORE FILTERS

   reports
Free Trial
VBG B VBG Group AB Se...

VBG Group AB: 2 directors

A director at VBG Group AB bought 1,200 shares at 190.800SEK and the significance rating of the trade was 65/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly ...

VBG B VBG GROUP AB SERIES B
09/15/23 September 15, 2023 1 EN
Karl Bokvist ... (+2)
  • Karl Bokvist
  • Ofelia Aspemyr
PREMIUM
VBG B VBG Group AB Se...

VBG Group - Terminating coverage

ABG terminates coverage of VBG Group Due to the end of the contractual period Last published estimates are shown in this report

VBG B VBG GROUP AB SERIES B
06/29/21 June 29, 2021 9 EN
Karl Bokvist ... (+2)
  • Karl Bokvist
  • Ofelia Aspemyr
VBG B VBG Group AB Se...

VBG Group - A record set of numbers drives big beat

Margin progression continues; group EBITA of ~17% (13) We raise ‘21e EBITA by 19%, ‘22e-‘23e up by ~10% Trading at 15x ’21e EV/EBITA, 5% FCF yields in ’21-’23e

VBG B VBG GROUP AB SERIES B
04/30/21 April 30, 2021 12 EN
Max Bacco ... (+2)
  • Max Bacco
  • Ofelia Aspemyr
VBG B VBG Group AB Se...

VBG Group - Continues to surprise on margins

Q4’20 figures broadly in line with expectations MCC and neg. FX hold back positive estimate revisions Trading at 11x EV/EBITA ’21e, 8-6% FCF yields ’21-’23e

VBG B VBG GROUP AB SERIES B
03/02/21 March 2, 2021 11 EN
Karl Bokvist ... (+2)
  • Karl Bokvist
  • Ofelia Aspemyr
VBG B VBG Group AB Se...

VBG Group - Impressive profitabillity

Strong margin improvements despite 11% org. decline Adj. EBITA up 34% ‘20e, up 7% ’21e-‘22e 9x EV/EBITA ‘21e on 8-9% lease adj. FCF yields

VBG B VBG GROUP AB SERIES B
10/28/20 October 28, 2020 13 EN
Karl Bokvist ... (+2)
  • Karl Bokvist
  • Ofelia Aspemyr
PREMIUM
VBG B VBG Group AB Se...

VBG Group - ESG profile

As a manufacturer of industrial equipment, we argue that VBG should be able to achieve both environmental and financial benefits from reducing energy consumption/waste materials and increasing the share of recycled materials. In 2018, seven out of 10 production facilities had environmental certifications. Energy consumption (kW per production hour) declined c.3% vs. 2017. Although the share of recyclable waste is high, waste increased in 2018 on supply chain strain due to high demand. VBG introd...

VBG B VBG GROUP AB SERIES B
09/02/20 September 2, 2020 2 EN
Karl Bokvist ... (+2)
  • Karl Bokvist
  • Ofelia Aspemyr
VBG B VBG Group AB Se...

VBG Group - Earnings come and go, but cash flow remains

31% organic sales decline, Ringfeder resilient EBITA +7-1% ‘20e-‘21e, down 7% ‘22e due to MCC/FX 9x EV/EBITA ‘21e, 7-10% lease adj. FCF yields

VBG B VBG GROUP AB SERIES B
07/23/20 July 23, 2020 17 EN
Karl Bokvist ... (+2)
  • Karl Bokvist
  • Ofelia Aspemyr
VBG B VBG Group AB Se...

VBG Group - Positive earnings maintained

31%/65% org sales/EBITA decline, solid cash flow Ringfeder stands out positively, challenges in MCC Outlook uncertainty remains, but balance sheet is strong

VBG B VBG GROUP AB SERIES B
07/23/20 July 23, 2020 6 EN
Karl Bokvist
  • Karl Bokvist
VBG B VBG Group AB Se...

VBG Group - Resilient Q1, contingencies ready for Q2

6% organic sales decline, 13% EBITA decline Stronger Q1, EBITA down 7-3% for ’21e-’22e Targets to remain FCF-positive even during weak Q2

VBG B VBG GROUP AB SERIES B
04/28/20 April 28, 2020 17 EN
Karl Bokvist
  • Karl Bokvist
VBG B VBG Group AB Se...

VBG Group - Financially well-prepared for demand shortfall

Q1 report on Tuesday, 28 April Sales down 19-7%, EBITA down 43-10% for ‘20e-‘22e Low gearing + available cash lower risk, 9x EBITA ‘21e

VBG B VBG GROUP AB SERIES B
04/13/20 April 13, 2020 16 EN
Karl Bokvist
  • Karl Bokvist
VBG B VBG Group AB Se...

VBG Group - Stable underlying development in Q4

7% organic sales decline, EBITA -22% due to one-offs EBITA down 2% for ‘20e-‘21e on slower MCC 10x EV/EBITA ‘20e on 5% EBITA CAGR ’19-‘22e

VBG B VBG GROUP AB SERIES B
02/21/20 February 21, 2020 27 EN
Karl Bokvist
  • Karl Bokvist
VBG B VBG Group AB Se...

VBG Group - One-time costs impacted Q4 earnings

-7% organic decline, EBITA declined by 22% Underlying margins in line with last year Clear focus on profitability expected in 2020

VBG B VBG GROUP AB SERIES B
02/20/20 February 20, 2020 6 EN
Karl Bokvist
  • Karl Bokvist
VBG B VBG Group AB Se...

VBG Group - MCC should mitigate organic slowdown

Q4 report on 20 February ‘20e-‘21e EBIT -3% on lower FX + lower MCC org growth Stock up 11% last 3 days on no news, 11x ‘20e EBITA

VBG B VBG GROUP AB SERIES B
01/20/20 January 20, 2020 14 EN
Karl Bokvist
  • Karl Bokvist
PREMIUM
VBG B VBG Group AB Se...

VBG Group - Stable quarter from the key divisions

Key divisions delivered, unexpected Edscha miss Expect MCC to mitigate weaker trailer market in 2020 8x EV/EBITA ’20e, 10-11% FCF yields ’19e-’21e

VBG B VBG GROUP AB SERIES B
10/23/19 October 23, 2019 26 EN
Karl Bokvist
  • Karl Bokvist
PREMIUM
VBG B VBG Group AB Se...

VBG Group - Surprising earnings shortfall in Edscha/RPT

-1% organic growth, EBITA increased by 2% EBITA 6% below ABGSCe, prel neg revisions of 2-4% MCC should mitigate weaker trailers in 2020, 8x EBITA

VBG B VBG GROUP AB SERIES B
10/22/19 October 22, 2019 6 EN
Karl Bokvist
  • Karl Bokvist
PREMIUM
VBG B VBG Group AB Se...

VBG Group - More margin progression

Q3 report on 22 October ‘19e-‘21e EBIT down 1-2% on revised slowdown estimate MCC expected to compensate for trailer weakening

VBG B VBG GROUP AB SERIES B
10/15/19 October 15, 2019 13 EN
Karl Bokvist
  • Karl Bokvist
PREMIUM
VBG B VBG Group AB Se...

VBG Group - Stable margins in a slower quarter

Strong VBG TE performance stabilises group profitability EBITA down 5-3% on growth deceleration in MCC/Edscha 8x EV/EBITA on 8% EBITA CAGR ’18-’21e

VBG B VBG GROUP AB SERIES B
08/23/19 August 23, 2019 26 EN
Karl Bokvist
  • Karl Bokvist
PREMIUM
VBG B VBG Group AB Se...

VBG Group - Organic growth deceleration

Flat organic growth, Adj. EBITA increased 5% EBITA 13% below ABGSCe, prel neg revisions of 5-7% MCC should mitigate weaker trailers, 8x EV/EBITA

VBG B VBG GROUP AB SERIES B
08/20/19 August 20, 2019 6 EN
Karl Bokvist
  • Karl Bokvist
PREMIUM
VBG B VBG Group AB Se...

VBG Group - Maintaining the pace

Q2 report on 20 August Q2: 10% org. growth and 20% EBITA growth expected 9x EV/EBITA on 9% EBITA CAGR ’18-’21e

VBG B VBG GROUP AB SERIES B
07/09/19 July 9, 2019 13 EN
Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke
EUR 232.10
KNEBV Kone Oyj Class ...
WBC Westpac Banking... ... (+32)

Vermilion Int'l Compass: Global Equity Strategy

Global equities nearing potential resistance Helped by support from global central banks and improving trade headlines, critical support levels have held for major global indexes and therefore our outlook remains constructive. At the same time, just because these indexes are not breaking down does not mean they are headed higher. Rather, we believe global equities remain in a state of purgatory and consolidation is likely to continue as several major indexes approach logical resistance... see c...

KNEBV KONE OYJ CLASS B
WBC WESTPAC BANKING CORPORATION
NAB NATIONAL AUSTRALIA BANK LIMITED
KORI KORIAN SA
RHM RHEINMETALL AG
ALO ALSTOM SA
8341 77 BANK LTD.
GEN GENMAB A/S
BEN BENDIGO & ADELAIDE BANK LTD.
AMP AMPLIFON S.P.A.
EXE.TO EXTENDICARE INC.
6436 AMANO CORPORATION
4559 ZERIA PHARMACEUTICAL CO. LTD.
EBO EBOS GROUP
CSL CSL LIMITED
CCP CREDIT CORP GROUP
4820 EM SYSTEMS CO. LTD.
4665 DUSKIN CO. LTD.
LABB GENOMMA LAB INTERNACIONAL S.A.B. DE C.V.
300015 AIER EYE HOSPITAL GROUP CO. LTD. CLASS A
7780 MENICON
6501 HITACHI LTD.
7011 MITSUBISHI HEAVY INDUSTRIES LTD.
6141 DMG MORI CO. LTD.
6641 NISSIN ELECTRIC CO. LTD.
6104 SHIBAURA MACHINE CO. LTD.
3360 SHIP HEALTHCARE HOLDINGS INC.
VBG B VBG GROUP AB SERIES B
GLPG GALAPAGOS NV
WEGE3 WEG S.A.
VIFN VIFOR PHARMA AG
NFI NFI GROUP INC.
06/20/19 June 20, 2019 14 EN
Loading...
New interest

Save your current filters as a new Interest

Please enter a name for this interest
Save

Email alerts

Would you like to receive real-time email alerts when a new report is published under this interest?

Save This Search

These search results will show up under 'Saved searches' in the left panel

Please enter a name for this saved search
Save

ResearchPool Subscriptions

Get the most out of your insights

Get in touch