VBG Group AB (FRA:KU4)

€ 26.2 0 (0%) Market Cap: 669.70 Mil Enterprise Value: 667.40 Mil PE Ratio: 12.68 PB Ratio: 1.94 GF Score: 67/100

Q3 2024 VBG Group AB (publ) Earnings Call Transcript
Oct 23, 2024

€30.55 (+0.83%)

Earnings

Q3 2024 VBG Group AB (publ) Earnings Call Transcript

Oct 23, 2024 / 11:00AM GMT

Release Date Price: €30.55 (+0.83%)

Transcript

Anders Erken VBG Group AB;President;CEO

&

Welcome to the quarter three interim report on VBD Group, a short introduction to VBD Group and its divisions, truck and trailer equipment acting in the commercial vehicle industry witnessed traffic safety products in the middle. You have a Momo the solution supplies the heating ventilation and air conditioning systems to the bus and offroad segments mainly in the North American market. Ring for the power transmission to the right delivers industrial components in the mechanical power transmission and mechanical damping industry in a wide variety of industrial applications.

Q3 highlights Frederick will, will give you all the necessary details. But let me summarize the quarter.

We saw softening market conditions during quarter three sales dropped by 12% in the quarter. The underlying drop excluding currencies and acquired volume was 11%. So the currency, the strengthening of the Swedish krona comparable to quarter 3, 2023 had almost a 3% impact. For division truck and trailer equipment revenues dropped by 11% currency

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