Sustainable, reliable industrial solutions that promote a safer society
VBG Group Annual Report 2022
Creating a safer society
VBG Group was founded in 1951 to create a safer society, which even today is the strongest driving force in our opera- tions. With our leading and sustainable industrial solutions, we promote increased safety for people, goods and infrastructure - our climate control systems, drawbar couplings, automatic tire chains, sliding roofs, solutions for mechanical power transmission, and energy and shock absorption all fulfill important societal functions. We work closely with our cus- tomers, developing and adapting our solutions to create value for our stakeholders and promote an even safer, more sustainable society in the future.
Creating a safer society • Introduction
Every day, our customers transport thousands of people, for example, on the way to and from work or school or running errands. The automatic tire chains and climate control systems we provide let them do so safely in traffic, in a healthy cli- mate.
Our solutions for trucks, trailers and trains include products such as drawbar couplings, drawbars, underrun protection, and sliding roofs that allow our customers to transport their goods safely, efficiently and sustainably on a daily basis.
AREAS OF OPERATION
PeopleOff-road
GoodsIndustrial
Our solutions for off-road, forestry and defense vehicles promote a safer work environment for the users of these vehicles. Our climate control systems improve the environment for drivers and promote increased safety. New solutions that support electrification of the industry are being developed.
Our friction springs promote a safe infrastructure in society, in everything from elevators to damping shock waves in buildings as protection against earth- quakes. Additionally, we offer couplings for mechanical power transmission in freight manage- ment, the mining industry and energy production as well as the food, packaging and automotive industries.
VBG Group Annual Report 2022 | 1 |
Introduction • VBG Group in brief
Earnings per share
14.73
SEK
Operating profit
(EBITA)
558
SEK M
Net sales
4,580
SEK M
BY DIVISION
Truck & Trailer Equipment, 36%
Mobile Climate Control, 48%
Ringfeder Power Transmission, 16%
BY AREA OF OPERATION
People, 21%
Goods, 40%
Offroad, 26%
Industrial, 13%
BY MARKET
Sweden, 7%
Germany, 13%
Other European countries 17%
North America, 44%
Rest of world 19%
BY CHANNEL
OEM, 60%
Body builders/integrators, 11%
Retailers, 8%
Distributors/importers, 21%
2 VBG Group Annual Report 2022
VBG Group in brief • Introduction
- stable international industrial Group
VBG Group is a long-term active owner of successful industrial companies and brands. The Group's three divisions - Truck & Trailer Equipment, Mobile Climate Control and Ringfeder Power Transmission, with operations in 16 countries and approximately 1,800 employees - are run on a foundation of industrial expertise, strong values and financial stability.
Leading industrial solutions
The Group's divisions offer customers and end users leading industrial solutions that promote a safer society. The range of products and services is directed toward a broad base of industries and customers in which continual product development as well as efficient purchasing and delivery procedures promote a competitive, cost-efficient offering.
High level of service
VBG Group has a sharp focus on service, which permeates the value chain and the customer's journey as a user. Group Management supports the divisions in their work on creating customer value, from development to aftermarket. Our aftermarket business represents roughly 25% of the Group's sales.
Strong international position and presence
Through its three divisions with the appurtenant distribution network, VBG Group has a strong international position and presence. Our growth agenda going forward is oriented on sustainable expansion and globalization of the Group.
Broad portfolio of brands in attractive niches
Over time, the Group's active acquisition and growth strategy has enabled a broad and competitive brand portfolio. VBG, Onspot, Edscha Trailer Systems, Mobile Climate Control and Ring- feder all have world-leading positions in their respective industrial niches. Since December 2021, the Carlyle Johnson brand has also been part of the Group.
Long-term financial strength
With a solid base of stable, long-term owners, VBG Group's ownership model together with strong earnings performance has enabled the Group's financial stability with a high equity/ assets ratio. Our strong financial position creates conditions for acquisitions and investments, even during periods with low levels of business activity.
Considerable experience and industrial expertise
VBG Group's business concept is built on acquisitions, long-term ownership and strategic governance of industrial companies in business-to-business commerce. The experience and industrial competence that has been built up since the Group was founded is an advantage in our acquisition process as well as in the strategic governance and operational development of our divisions.
OUR BRANDS
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VBG Group AB published this content on 27 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 April 2023 07:27:11 UTC.