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VBG Group signs an agreement to acquire Rathi Transpower Pvt. Limited

VBG Group has, through its subsidiary Ringfeder Power Transmission India Private Ltd, signed an agreement to acquire all shares in the Indian company Rathi Transpower Pvt. Limited. The company has a turnover of 150 MSEK with an adjusted EBITDA-margin of approx. 17% for the financial year 2022/2023.VBG Group has today signed an agreement to acquire all shares in the Indian company Rathi Transpower Pvt including its subsidiaries in Australia and Germany (“Rathi Transpower”). The total purchase price is estimated to 300 MSEK. The price includes the purchase of the land, where the factory in

Interim report January- June 2023

In the interim report for January to June, VBG Group reports record-high growth and robust earnings.Second quarter of 2023 · Consolidated sales increased by 27.1% to SEK 1,450.2 M (1,141.3). · Organic growth amounted to 20.2%, adjusted for currency effects and acquired volume between the years. · Consolidated operating profit (EBITA) totaled SEK 212.2 M (147.1), with an operating margin (EBITA) of 14.6% (12.9). · Profit after financial items amounted to SEK 181.2 M (132.9). · Earnings per share amounted to SEK 5.53 (4.02). First half of 2023 · Consolidated sales

Report from the Annual General Meeting in VBG Group AB (publ) the 27[th] of April

VBG Group AB has the 27[th] of April 2023 held its annual general meeting in Vänersborg. Shareholders could participate in the annual general meeting by attending the meeting (in person or via proxy) or by voting in advance (postal voting). The general meeting resolved in accordance with all proposals submitted by the board of directors and the nomination committee.Dividend The annual general meeting resolved, in accordance with the board of directors’ proposal, that a dividend of SEK 5.50 is to be paid to the shareholders. The record date for the right to receive dividends was resolved

Interim report January- March 2023

In the interim report for January to March, VBG Group reports a record-setting quarter.First quarter 2023 · Consolidated sales increased by 21.1% to SEK 1,399.9 M (1,155.5). · Adjusted for currency effects between the years, organic growth was 13.2%. · Operating profit (EBITA) amounted to SEK 202.7 M (164.1). · The operating margin (EBITA) was 14.5% (14.2). · Profit after financial items amounted to SEK 180.4 M (147.9). · Earnings per share increased by 24.0% to SEK 5.68 (4.58). Comment from VBG Group´s President & CEO, Anders Erkén In the first quarter of 2023,

Notice to attend the annual general meeting in VBG Group AB (publ)

The shareholders of VBG Group AB (publ), reg. no 556069-0751, are hereby convened to the annual general meeting of shareholders to be held on Thursday April 27, 17.00, at the company’s premises at Herman Kreftings gata 4, Vänersborg. Shareholders voting rights also may be exercised in advance by postal voting.Right to attend and notice Shareholders who wish to participate at the annual general meeting must: · be recorded as a shareholder in the share register prepared by Euroclear Sweden AB relating to the circumstances on 19 April 2023; · for physical participation at the

Year-end report 2022

In its year-end report 2022, VBG Group reports a strong fourth quarter concluding a record-setting year.Fourth quarter 2022 · Consolidated sales increased by 27.3% to SEK 1,191.5 M (936.0). · Organic growth amounted to 11.5%, adjusted for currency effects and acquired volume between the years. · Net impact on Ringfeder Power Transmission’s operating profit (EBITA) was positive SEK 18.6 M after completion of the co-location in the US. · Consolidated operating profit (EBITA) totaled SEK 134.7 M (79.4), with an operating margin (EBITA) of 11.3% (8.5). · Operating profit (EBITA)

Mobile Climate Control changes name to Mobile Thermal Solutions

From 1st of February the largest division within VBG Group, Mobile Climate Control (MCC) changes name to Mobile Thermal Solutions (MTS).At the same time the division transforms into a multi-brand division to effectively target different niches of the commercial vehicle market. A new brand is launched for the bus segment – Bus Climate Control (BCC). The new BCC brand will develop the bus offering and focus on bus customers. MCC (Mobile Climate Control) remains as a brand targeting the off-road and the utility vehicle market. The division MTS offers synergies across the brands by

New Division CEO of Mobile Climate Control

VBG Group has named Eberhard Wolters new Division CEO of Mobile Climate Control (MCC).Until now, Eberhard Wolters has been responsible for Mobile Climate Control's operations outside North America and has extensive experience of sales and development of thermal systems for commercial vehicles internationally. “Eberhard Wolters has extensive qualifications when it comes to developing operations internationally and I am convinced that he will contribute to continued profitable growth and internationalization of Mobile Climate Control”, says Anders Erkén, President and CEO of VBG Group.

Anders Erkén named President and CEO of VBG Group

As of January 1, 2023, Anders Erkén is President and CEO of VBG Group.As previously announced, Anders Erkén replaces former President and CEO Anders Birgersson following his decision to retire. Anders Erkén has over 30 years of experience in the international manufacturing industry and earned an MSc in Mechanical Engineering from Luleå University of Technology. Anders Erkén is well positioned for this new challenge with 15 years of progressive leadership roles at VBG Group. Most recently, he spent the past five years with the dual responsibility of Group Vice President and Division

Nomination Committee for the VBG Group Annual General Meeting 2023

VBG Group's 2023 Annual General Meeting will take place on Wednesday, April 27. The following representatives of VBG Groups shareholders will be members of the Nomination Committee for the 2023 Annual General Meeting.In accordance with the principles for the appointment of and instructions to the nomination committee adopted by the 2022 Annual General Meeting and based on the Swedish Code of Corporate Governance, VBG Group's Nomination Committee shall consist of the Chairman of the Board and three members appointed by the three shareholders with the largest number of votes at the end of the

Interim report January - September 2022

Increased sales in the third quarter.Third quarter 2022 · Consolidated sales increased by 28.7% to SEK 1,091.6 M (848.3). · Adjusted for exchange rate changes and acquired volume between the years, organic growth was 14.1%. · Mobile Climate Control incurred costs of SEK 12.6 M in conjunction with relocating the US production facility. · Operating profit (EBITA) amounted to SEK 111.7 M (117.6). · The operating margin (EBITA) was 10.2% (13.9). · Profit after financial items amounted to SEK 101.4 M (107.4). · Earnings per share amounted to SEK 2.51 (3.29). Nine months

Anders Birgersson resigns from VBG Group

After almost 22 years within the industrial group VBG Group AB (publ), Anders Birgersson has decided to resign from his position as President and CEO.Anders Birgersson has informed the VBG Group AB (publ) Board of Directors that he, after almost 22 years, wishes to step down as the Group’s President and CEO, no later than May 31, 2023. With this announcement, the Board of Directors has decided to appoint Anders Erkén as the new President and CEO. Anders Erkén has worked within VBG Group since September 2007. He is, since 2011 Divisional CEO for Truck & Trailer Equipment, and has an

VBG Group adopts new sustainability targets

VBG Group's Board of Directors has adopted new sustainability targets for the Group. The targets cover the period 2023 to 2030 and increase the ambition for VBG Group's sustainability work.VBG Group stands behind all 17 of the UN's Sustainable Development Goals (SDGs). The new sustainability targets are designed to support the SDGs and to guide the Group towards long-term sustainable development. VBG Group's sustainability targets in brief: • Greenhouse gases (GHG) - 50% reduction of GHG (scope 1 and 2) by 2030 (reference year 2022) • Reduced waste – reduce hazardous waste by 50%

VBG Group acquires Tüschen und Zimmermann

VBG Group’s division Ringfeder Power Transmission is acquiring the industrial brake business of Tüschen und Zimmermann. The acquisition will provide the division with access to products that complement its current product range and thereby strengthen its offering to customers.The acquired business is estimated to contribute to Ringfeder Power Transmission's European business with a turnover of EUR 1.5 million and has an estimated EBITA margin of 20 percent. The acquisition relates to Tüschen und Zimmermann's industrial brake business and includes product rights as well as both tangible

Interim report January-June 2022

Sales growth remains high in the interim report for VBG Group, January-June 2022.Second quarter of 2022 · Consolidated sales increased by 23.3% to SEK 1,141.3 M (925.5). · Adjusted for exchange rate changes and acquired volume between the years, organic growth was 10.3%. · Gains from the sale of Mobile Climate Control’s property in Indiana (US) had a positive impact on operating profit (EBITA) of SEK 18.8 M. · Mobile Climate Control incurred non-recurring costs of SEK 6.7 M in conjunction with moving the US production facility. · Operating profit (EBITA) amounted to SEK 147.

Report from the annual general meeting in VBG Group AB (publ) the 4[th] of May 2022

VBG Group AB has the 4ht of May 2022 held its annual general meeting in Vänersborg. Due to covid-19, postal voting was also offered, according to law 2022:121. The general meeting resolved in accordance with all proposals submitted by the board of directors and the nomination committee.Dividend The meeting resolved, in accordance with the board of directors’ proposal, that a dividend of SEK 5.00 is to be paid to the shareholders. The record date for the right to receive dividends was resolved to be the 6 of May 2022. Payment of the dividends by Euroclear Sweden AB is expected to be

Interim report January- March 2022

In the interim report for January to March, VBG Group reports record-high sales for the Group.First quarter 2022 · Consolidated sales increased by 28.2% to SEK 1,155.5 M (901.4). · Adjusted for exchange rate changes and acquired volume between the years, organic growth was 17.4%. · Operating profit (EBITA) amounted to SEK 164.1 M (149.6). · The operating margin (EBITA) was 14.2% (16.6). · Profit after financial items amounted to SEK 147.9 M Comment from VBG Group´s President & CEO, Anders Birgersson  In the first quarter of 2022, VBG Group achieved quarterly sales of

Notice to attend the annual general meeting in VBG Group AB (publ)

The shareholders of VBG Group AB (publ), reg. no 556069-0751, are hereby convened to the annual general meeting of shareholders to be held on Wednesday 4 May 2022 at the company’s premises at Herman Kreftings gata 4, Vänersborg.For shareholders who prefer to take continued caution due to COVID-19 and not physically participate at the general meeting, the board of directors has resolved, in accordance with the act (2022:121) on temporary exceptions to facilitate the execution of general meetings in companies and other associations, that the shareholders’ voting rights also may be exercised

VBG Group, new member of the UN Global Compact

VBG Group has been gladly accepted as a member of the United Nations Global Compact.The United Nations Global Compact (UNGC) is the world’s largest sustainability initiative serving to strengthen the social responsibility of companies. As a member, VBG Group commits to actively work with sustainability matters and annually report the progress of our sustainability efforts to the UN. The membership also involves a responsibility to promote the UN’s 17 sustainable development goals and ten principles connected to international conventions on human rights, labor law, the environment, and

VBG Group establishes new profitability target

The VBG Group AB (publ) Board of Directors has decided on a new profitability target for the Group. The new target is to reach an EBITA margin of at least 15 percent. Previously communicated target for growth and the dividend policy remain.VBG Group’s Chairman of the Board Johnny Alvarsson comments: “To increase the ambition regarding the Group's earnings development is in line with the updated strategy plan decided in 2021. The profitability target is also fully realistic based on the good profitability the Group has shown in recent years.” VBG Group’s financial objectives consist of:

Year-end report 2021

In its year-end report 2021, VBG Group reports a record year marked by high demand and pressure on supply chains.Fourth quarter 2021 · Consolidated sales increased by 23.2% to SEK 936.0 M (759.9). · Adjusted for exchange rate changes between the years, organic growth was 21.4%. · Operating profit amounted to SEK 72.1 M (86.2). · The operating margin was 7.7% (11.3). · Profit after financial items amounted to SEK 71.6 M (80.4). · Earnings per share increased to SEK 2.32 (2.04). · Carlyle Johnson Machine Co., LLC was acquired and consolidated as of 27 December 2021.

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