Q3 2025 VBG Group AB (publ) Earnings Call Transcript
Key Points
- VBG Group AB (LTS:0GXK) reported a revenue increase of 7.5% compared to the third quarter of 2024, with organic growth adjusted for currency and acquisitions at 6.3%.
- The company maintained a solid EBITDA margin of 12.5% despite currency headwinds and one-time warranty costs.
- Order intake increased by 10% during the quarter, indicating strong future demand across all divisions.
- The defense segment within truck and trailer equipment saw a significant growth of 35% compared to the previous year.
- VBG Group AB (LTS:0GXK) has set a new sustainability target to reduce CO2 emissions within scope 3 by 62% by 2040, using 2024 as a base year.
- The EBITDA margin declined from 13.5% in Q3 2024 to 12.5% in Q3 2025, partly due to SEK11 million in one-time warranty costs.
- Operational cash flow decreased to SEK136 million from SEK153 million in the same quarter last year, primarily due to higher working capital tied up in accounts receivables.
- Earnings per share dropped to 3.87 from 4.49 in the previous year.
- The mobile thermal solutions segment experienced a decrease in EBITDA margin from 13.6% in 2024 to 10.6% in 2025.
- The company faces ongoing challenges with tariffs and administrative burdens due to new steel and aluminum tariffs, impacting operational efficiency.
Welcome to the VBG Group Q3 report 2025 presentation. (Operator Instructions)
Now I will hand the conference over to the speakers, CEO Anders Erken and CFO Fredrik Jigneus. Please go ahead.
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Very welcome to the quarter three presentation of the VBG Group. I will try to give you a short summary on quarter three, and Frederick will later on and give you all the details about the numbers, and I will come back, with, a few words, after this presentation.
So, overall revenue continued to grow and we have four consecutive quarters with growth despite currency rate headwinds.
Revenue increased by 7.5% compared to the third quarter of 2024 and adjusted for a currency and acquired volume sales increased with 6.3%. And as many exporting companies, of course, we had, a negative impact, of the currency rate differences, of approximately 7.2%. What's important here, that is all division showed growth with all within all three
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