Why VBG Group stock moves
VBG Group fell yesterday, moving in line with a falling market.
Written after the close on ·
Why today
16,210 news analyzed todayVBG Group fell yesterday, moving in line with a falling market.
Over the last five trading days the shares fell slightly, while the OMX Stockholm 30 was roughly flat.
No company news explains yesterday's move, so the broader market decline is the most likely driver.
The stock trades near its lowest close of the past year, though well below its January high.
The next earnings report is due on Wednesday 17 February 2027.
Today's move of −1.71% was 1.7 times a normal day's 1.0%. OMX Stockholm 30 moved −1.01% on the same day.
VBG Group −1.71%OMX Stockholm 30 −1.01%A little weaker than the market
What analysts expect, and how often they have been right
Analysts’ estimates for VBG Group.
VBG Group earned more than expected in 1 out of 8 reports.
For comparison, about 46% of reports from Nordic companies beat the estimate in the last three years.
The share moved in the same direction as the earnings surprise in 4 out of 8 reports with a measured move, against about 63% of reports from Nordic companies.
Ratings
Price targets
Latest price 287.50 SEK
Earnings against expectations, and the share’s reaction
Expected EPSAbove estimateBelow estimateAs expectedSEK
Next reported quarter: expected earnings per share of 3.98 SEK (February 17). For the current fiscal year, expected earnings per share changed from 18.09 SEK three months ago to 17.84 SEK now. 2026 estimate: 17.84 SEK. 2027 estimate: 22.15 SEK. One analyst made the estimate for the quarter. People on the board and in management must report their trades in the share to Finansinspektionen, Sweden's financial supervisor. October 28: Buy about 296 thousand SEK. June 11: Buy about 198 thousand SEK. April 27: Buy about 234 thousand SEK. April 27: Buy about 617 thousand SEK.
Has the share price followed the business?
Price and earnings moved in the same direction: 1 out of 3 years. Across Nordic companies, that happens in about 60% of years. In 2025, the price changed +27% and earnings per share −22%.
Revenue, profit and market cap
RevenueProfitMarket capHatched bars: analysts’ estimates.bn SEK
Assets, liabilities and market cap
AssetsLiabilitiesMarket capbn SEK
Price and earnings moved in the same direction: 1 out of 3 years.Market cap (Now): 7.2 bn SEKRevenue 2025: 5.4 bn SEK
What the key figures say about VBG Group
The figures connect what VBG Group earns with what investors pay.
The line shows the share price in the same year, on its own scale. Hatched bars: analysts’ estimates.
Profit divided by the number of shares. Each share represents this much of the earnings.
2022–2025: 14.73 SEK–22.88 SEK. Peers: Relais Group 0.55 EUR, Kongsberg Automotive 0.23 NOK, Bulten 3.83 SEK. 2026 estimate: 17.84 SEK (16.25 SEK–19.44 SEK). 2027 estimate: 22.15 SEK (20.25 SEK–24.05 SEK).
What the company sold during the year.
2022–2025: 4.6 bn SEK–5.7 bn SEK. Peers: Relais Group 458 m EUR, Kongsberg Automotive 726 m EUR, Bulten 5.0 bn SEK. 2026 estimate: 5.7 bn SEK (5.7 bn SEK–5.7 bn SEK). 2027 estimate: 6.1 bn SEK (6.0 bn SEK–6.2 bn SEK).
The percentage of revenue left after the costs of running the business.
2022–2025: 10.0%–14.2%. Peers: Relais Group 6.5%, Kongsberg Automotive 4.3%, Bulten 5.5%.
Profit as a percentage of shareholders’ money in the company.
2022–2025: 10.6%–15.8%. Peers: Relais Group 8.2%, Kongsberg Automotive 10.3%, Bulten 4.3%.
The price investors pay for each unit of annual earnings per share. Not shown for a loss.
2022–2025: 9.5–23.6. Peers: Relais Group 21.3, Kongsberg Automotive 8.8, Bulten 22.1. 2026 estimate: 16.1. 2027 estimate: 13.0.
What investors pay for each unit the company sells.
2022–2025: 0.76–1.84. Peers: Relais Group 0.48, Bulten 0.35. 2026 estimate: 1.25. 2027 estimate: 1.17.
Money paid to shareholders per share, summed by calendar year.
2017–2025: 0.00 SEK–7.25 SEK.
The ordinary yearly dividend as a percentage of the share price.
2022–2025: 1.8%–3.6%. Peers: Relais Group 1.3%, Kongsberg Automotive 0.0%, Bulten 0.0%.
Net debt divided by operating earnings before depreciation and amortisation.
2022–2025: 0.13–0.64. Peers: Relais Group 5.18, Kongsberg Automotive 1.95, Bulten 1.85.
More key figures
Market cap divided by shareholders’ equity, what remains after liabilities.
2022–2025: 1.07–2.51. Peers: Relais Group 2.02, Bulten 2.55.
Market cap plus net debt, divided by operating earnings. This includes debt.
2022–2025: 7.4–12.9.
Cash left after investments, divided by the number of shares.
2022–2025: 5.29 SEK–24.32 SEK. Peers: Relais Group 2.15 EUR, Kongsberg Automotive 0.04 EUR, Bulten 5.53 SEK.
The percentage of assets financed by shareholders’ equity.
2022–2025: 56.0%–62.7%.
The dividend explained
A dividend is money paid to shareholders. VBG Group paid 7.25 SEK per share in the twelve months through November 6, 2026.
On the ex-dividend day, May 13, 2026, VBG Group traded without the right to the 7.25 SEK dividend. The price went from 341.50 SEK to 342.50 SEK; including the dividend, the day's change was +2.4%. Entitlement passes from the company to shareholders on the ex-day; payment comes later.
2017: 1.75 SEK2018: 3.25 SEK2019: 4.50 SEK2020: 0.00 SEK2021: 4.50 SEK2022: 5.00 SEK2023: 5.50 SEK2024: 7.00 SEK2025: 7.25 SEK2026 so far: 7.25 SEK
What to watch next, and why
The earnings report shows how VBG Group's revenue and profit have changed.
- Earnings report
The earnings report shows how VBG Group's revenue and profit have changed.
Add to calendar
More about VBG Group
Insider trades
People on the board and in management must report their trades in the share to Finansinspektionen, Sweden's financial supervisor.
- Bror Anders Erkén, CEOBuyabout 296 thousand SEK
- Anders Birgersson, chairBuyabout 198 thousand SEK
- Fredrik Jignéus, CFOBuyabout 234 thousand SEK
- Bror Anders Erkén, CEOBuyabout 617 thousand SEK
Earnings report
Next report: · Add to calendar · Google Calendar
On its last 15 report days VBG Group usually moved about 5.1%. On a normal day it moves 1.0%.
−5.29% Why? −3.45% −3.62% +0.83%
10,000 SEK in VBG Group bought on November 7, 2016 is worth 35,800 SEK today, with dividends reinvested.
What would 10,000 SEK in VBG Group be worth today? →
What would 10,000 SEK in VBG Group be worth today?
35,800 SEK
with dividends reinvested, bought on November 7, 2016.
The five biggest days of the journey
· −17.3% · the whole market fell 1.0% the same day · report day
· +15.9% · the whole market rose 0.4% the same day · report day
· −13.9% · the whole market rose 0.4% the same day · report day
· −13.3% · the whole market fell 10.6% the same day
· +12.1% · the whole market fell 3.4% the same day
Earlier days
+0.34% market −0.32% VBG Group was roughly unchanged, without company news. Read →
VBG Group was roughly unchanged, without company news.
Over the same day OMX Stockholm 30 fell slightly, so VBG Group moved less than the market.
The stock's daily move was an ordinary one for VBG Group, and over the last five trading days it was roughly unchanged while OMX Stockholm 30 rose slightly.
Earlier in the week, the company reported third-quarter sales up 5.8% but operating profit (EBIT, the profit before financing costs) down, and several analysts cut their price targets, the share prices they see as fair.
The next earnings report is due on 17 February 2027.
−5.07% market +3.01% VBG Group fell sharply over the week's trading days, moving against a market that rose clearly. Read →
VBG Group fell sharply over the week's trading days, moving against a market that rose clearly.
The main driver was its third-quarter report on 27 October: sales rose, but operating profit fell and margins came under pressure.
Several analysts then cut their price targets, the fair value they see for the shares, on 28 October.
The drop was big for this stock, and the shares sit near their lowest close of the past year.
−2.88% market +0.33% VBG Group fell sharply. Read →
VBG Group fell sharply.
Over the same days the OMX Stockholm 30 index rose slightly, so VBG Group moved clearly against the market.
The main news came before trading opened: its Q3 2026 report showed record sales but lower operating profit (EBIT), which is earnings before interest and tax, and analysts cut their price targets, the share price they see as fair.
Analysts at SB1 Markets and Nordea both trimmed their price targets that day, with Nordea keeping its buy rating.
−5.29% market +0.96% VBG Group fell very sharply. Read →
VBG Group fell very sharply.
Over the last five trading days the shares fell sharply while the OMX Stockholm 30 was roughly flat, so the drop was mostly stock-specific.
The third-quarter report showed record sales of SEK 1,447 M, up 5.8%, but operating profit (EBIT, the profit from core business before financial items) fell to SEK 139.6 M from SEK 158.3 M.
Likely drivers are the lower operating margin (the share of sales kept as operating profit), which fell to 9.6%, and a SEK 4.7 M reorganization cost in Mobile Thermal Solutions.
Trading volume was well above normal, and the share is now at its lowest close of the past year.
+1.96% market +1.57% VBG Group rose clearly without a company-news explanation. Read →
VBG Group rose clearly without a company-news explanation.
VBG Group rose clearly in the last session, moving in line with the market.
No company news from that session explains the rise.
Over the last five trading days, VBG Group was roughly unchanged, while the broader market fell slightly, so it held up better.
The one company item in the period is Laray's top supplier rating for VBG Group Truck Equipment, from before the last session, so it does not explain the move.
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