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Analysguiden: ANALYS VBG Group: Bred tillväxt men sämre marginal

VBG BPress release2026-11-10 08:50

VBG omsättning ökade 5,8 procent i Q3, varav 5,4 procent organiskt. EBITA-marginalen sjönk till 10,6 procent (12,5) när ofördelaktig mix och högre kostnader pressade MTS. Prisjusteringar och den nya Torontofabriken väntas stärka lönsamheten under 2027. Prognoserna för 2026–2027 sänks marginellt, men motiverat värde kvarstår på 380–425 kronor. Aktien värderas cirka 30 procent lägre än jämförbara bolag på EV/EBIT 2027, vilket bedöms ge attraktiv uppsida när MTS återhämtas och kassaflödet stärks.

Ladda ner och läs den fullständiga analysen i PDF-format här:

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Detta är ett pressmeddelande från Analysguiden – Aktiespararnas uppdragsanalysverksamhet.
Läs mer här: https://www.aktiespararna.se/analysguiden


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ANALYS VBG Group: Bred tillväxt men sämre marginal