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olivLaw · European equity research

VusionGroup VU.PA

France · Euronext Paris · ISIN FR0010282822 · Vertical: Listed companies from France

136.70EUR−5.33% · 1 dayClose 05 Nov 2026

VusionGroup develops electronic shelf labels and digital solutions for retailers worldwide. The company operates in a market where store modernisation and price competition from Asia shape its strategic direction today.

At the close of 05 Nov 2026, VusionGroup (VU.PA) stock was 136.70 EUR (−5.33% on the day), with market capitalisation 2.2 bn EUR, P/E 17.0 on diluted EPS of 8.02 EUR over the last 12 months, dividend yield 0.44%, beta 0.57, 52-week range 101.20–216.40 EUR.

Data as of · AI analysis dated · Source: ESEF annual reports and closing prices, computed by olivLaw.

Market cap
2.2 bn EUR
shares as of 31 Dec 2025
P/E (TTM)
17.0
Diluted EPS TTM 8.02 · TTM to 31 Dec 2025
E/P (TTM)
5.87%
TTM to 31 Dec 2025
Dividend yield
0.44%
DPS 12m 0.60
Beta (2y)
0.57
Volatility (1y) 53%
52-week range
101.20216.40

Price history

Loading chart…

Technical reading

RSI (14)
59.2
strong (55–70)
Bollinger (20, 2)
114.42 – 142.01
in the upper half of the band · %B 0.81 · band width 21.5%
SMA 50 / 200
125.52 / 124.74
uptrend (price > SMA50 > SMA200)
MACD (12, 26, 9)
3.85 / 2.20
MACD above signal

Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).

Performance

CompanyEURO STOXX 50vs EURO STOXX 50Vertical median
1 month+7.2%−0.6%+7.9 pp—
3 months+8.2%−4.2%+12.4 pp—
6 months+14.9%+4.3%+10.5 pp—
Year to date−33.1%+7.5%−40.6 pp—
1 year−37.4%+9.9%−47.3 pp−6.8%
3 years+29.0%+49.8%−20.9 pp−15.9%
5 years+120.8%+42.8%+78.0 pp—
Max drawdown (1y)
−53.2%
06 Nov 2025 → 27 Mar 2026
Max drawdown (5y)
−63.2%
26 Jun 2025 → 27 Mar 2026
Compound annual growth (5y)
+17.2%
EURO STOXX 50 +7.4%

Price returns, dividends excluded.

Quarterly results

ESEF annual reports carry no quarters: the results are annual (below).

E/P over time

E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.

Today's P/E sits at the 0 percentile of its own 2-quarter history (min 25.5, median 28.0, max 30.4; quarters with earnings only).

Fiscal years

Fiscal year202320242025
Revenue802.0 m954.7 m1.5 bn
Revenue YoYunavailable+19.0%+54.2%
Net income79.8 m-27.8 m143.3 m
Net income YoYunavailable−134.8%unavailable
Diluted EPS4.46-1.738.02
Diluted EPS YoYunavailable−138.8%unavailable
net %9.9%-2.9%9.7%
Free cash flowunavailableunavailableunavailable

Balance sheet & financial health

Fiscal year 2025 · 31 Dec 2025

Cash
353.0 m EUR
Financial debt
41.8 m EUR
Net debt
-311.2 m EUR
Equity
442.6 m EUR
Total assets
1.6 bn EUR
Debt / equity
0.09x
Current ratio
1.00x
ROE
41.8%
ROA
8.9%
FCF margin
unavailable

Financial statements (source on every figure)

Revenue and net income (EUR)

Margins

Income statement · EUR

Revenue
2023
802.0 m
2024
954.7 m
2025
1.5 bn

esef· 29 Apr 2026verified

Operating income
2023
51.5 m
2024
23.3 m
2025
109.1 m

esef· 29 Apr 2026verified

Depreciation & amortisation
2023
36.5 m
2024
57.5 m
2025
84.4 m

esef· 29 Apr 2026verified

EBITDA
2023
88.0 m ≈
2024
80.8 m ≈
2025
193.5 m ≈

esef· 29 Apr 2026derived

Income tax
2023
14.9 m
2024
2.2 m
2025
54.4 m

esef· 29 Apr 2026verified

Net income
2023
79.8 m
2024
-27.8 m
2025
143.3 m

esef· 29 Apr 2026verified

Diluted EPS
2023
4.46
2024
-1.73
2025
8.02

esef· 29 Apr 2026verified

Dividend per share
2023
0.00
2024
0.30
2025
0.60

esef· 29 Apr 2026verified

Balance sheet · EUR

Cash
2023
199.9 m
2024
535.6 m
2025
353.0 m

esef· 29 Apr 2026verified

Inventories
2023
125.0 m
2024
147.4 m
2025
169.9 m

esef· 29 Apr 2026verified

Current assets
2023
675.2 m
2024
1.2 bn
2025
1.0 bn

esef· 29 Apr 2026verified

Property, plant & equipment, net
2023
36.2 m
2024
144.3 m
2025
203.5 m

esef· 29 Apr 2026verified

Total assets
2023
1.1 bn
2024
1.7 bn
2025
1.6 bn

esef· 29 Apr 2026verified

Long-term debt
2023
172.7 m
2024
142.9 m
2025
41.8 m

esef· 29 Apr 2026verified

Current liabilities
2023
553.4 m
2024
1.2 bn
2025
1.0 bn

esef· 29 Apr 2026verified

Equity
2023
276.9 m
2024
244.0 m
2025
442.6 m

esef· 29 Apr 2026verified

Shares outstanding at year end
2023
15.9 m
2024
16.0 m
2025
16.4 m

esef· 29 Apr 2026derived

Cash flow · EUR

Operating cash flow
2023
248.3 m
2024
544.6 m
2025
202.2 m

esef· 29 Apr 2026verified

Investing cash flow
2023
-168.2 m
2024
-173.6 m
2025
-153.8 m

esef· 29 Apr 2026verified

Financing cash flow
2023
85.8 m
2024
-35.8 m
2025
-57.7 m

esef· 29 Apr 2026verified

Dividends paid
2023
0
2024
4.8 m
2025
9.6 m

esef· 29 Apr 2026verified

Computed indicators

Growth

Revenue growth (YoY)
54.2%
computed by olivLawFY 2025
Revenue CAGR 3Y
unavailable
input data missing
Revenue CAGR 5Y
unavailable
input data missing
EBIT growth (YoY)
368.2%
computed by olivLawFY 2025
Net income growth (YoY)
unavailable
the base of the ratio is not positive
Net income CAGR 3Y
unavailable
input data missing
Net income CAGR 5Y
unavailable
input data missing
EPS growth (YoY)
unavailable
the base of the ratio is not positive
EPS CAGR 3Y
unavailable
input data missing
EPS CAGR 5Y
unavailable
input data missing
FCF growth (YoY)
unavailable
input data missing

Profitability

Gross margin
unavailable
input data missing
EBITDA margin
13.1%
computed by olivLawFY 2025
EBIT margin
7.4%
computed by olivLawFY 2025
Net margin
9.7%
computed by olivLawFY 2025
FCF margin
unavailable
input data missing

Returns

ROE
41.1%
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
ROA
8.9%
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
ROIC
unavailable
insufficient data
ROCE
19.7%
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
Payout ratio (EPS)
7.5%
computed by olivLawFY 2025
Payout ratio (FCF)
unavailable
input data missing

Balance sheet

Net debt
-311.2 m EUR
computed by olivLawbalance sheet at 31 Dec 2025
Net debt / EBITDA
-1.6x
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
Debt / equity
0.1x
computed by olivLawbalance sheet at 31 Dec 2025
Interest coverage
unavailable
input data missing

Liquidity

Current ratio
1.0x
computed by olivLawbalance sheet at 31 Dec 2025
Quick ratio
0.8x
computed by olivLawbalance sheet at 31 Dec 2025
Cash ratio
0.4x
computed by olivLawbalance sheet at 31 Dec 2025

Cash

Operating cash flow
202.2 m EUR
computed by olivLawFY 2025
Capital expenditure
unavailable
input data missing
Free cash flow
unavailable
input data missing
FCF conversion
unavailable
input data missing
Cash conversion
104.5%
computed by olivLawFY 2025

Efficiency

Days sales outstanding
unavailable
input data missing
Days inventory outstanding
unavailable
input data missing
Days payables outstanding
unavailable
input data missing
Cash conversion cycle
unavailable
input data missing

Market and valuation

Market capitalisation
2.2 bn EUR
computed by olivLawbalance sheet at 31 Dec 2025
Enterprise value
1.9 bn EUR
computed by olivLawbalance sheet at 31 Dec 2025
Market cap / net income TTM
15.7x
computed by olivLawFY 2025
P/E (TTM)
17.0x
computed by olivLawFY 2025
Earnings yield
5.9%
computed by olivLawFY 2025
P/B
5.0x
computed by olivLawbalance sheet at 31 Dec 2025
P/S
1.5x
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
EV/EBITDA
10.0x
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
EV/EBIT
17.7x
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
EV/Sales
1.3x
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
P/FCF
unavailable
input data missing
FCF yield
unavailable
input data missing
Dividend yield
0.4%
computed by olivLawFY 2025
Shareholder yield (distributions)
0.4%
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025

1 indicators that do not apply to the sector.

Valuation

olivLaw classification

Insufficient data
What is missing
  • score weight coverage: 47.9% of at least 60%

A scoring methodology on indicators and valuation, not investment advice.

Closing price

136.70 EUR

05 Nov 2026Source: olivLaw, closing series

Market cap: 2.2 bn EUR

Key indicators

Market capitalisation
2.2 bn EUR
computed by olivLawbalance sheet at 31 Dec 2025
P/E (TTM)
17.0x
computed by olivLawFY 2025
P/B
5.0x
computed by olivLawbalance sheet at 31 Dec 2025
EV/EBITDA
10.0x
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
ROE
41.1%
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
Net margin
9.7%
computed by olivLawFY 2025
Revenue growth (YoY)
54.2%
computed by olivLawFY 2025
Dividend yield
0.4%
computed by olivLawFY 2025

Coverage and freshness

21/37 reporting lines present
Latest full fiscal year: 2025
Latest reported period: 31 Dec 2025
Latest balance sheet date: 31 Dec 2025
Share count (cover of the latest filing), as of: 31 Dec 2025
Source: esefpublished 29 Apr 2026
verified 64derived 4

Score by group

48% · Insufficient data

Estimated value range

Low
90.38
EUR per share
Mid
124.40
EUR per share
High
193.59
EUR per share
Price: 136.70 EUR
The price is within the range
Potential to the central value: -9.0% (value / price − 1)
Margin of safety: -9.9% (1 − price / value)
Agreement between methods: same comparison basis (not independent confirmations) · 2 methods used · 1 independent bases

The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 88.95 – 239.00 EUR.

Methods computed but outside the aggregate range: Dividend discount (DDM) (a small share of earnings is paid as dividends (capital returns through buybacks): the dividend model does not describe the value and stays outside the aggregate).

Valuation assumptions are editorial choices, not measured; beta is not measured.

Method ranges (EUR per share)

— — Mid · ▏ Price

Valuation methods

  • DCF (discounted cash flow)unavailable · input data missing
  • Peers: EV/EBITDA91.81 – 148.17 (Mid 111.41)
    4 companies used · median multiple 7.9x · quartiles 6.2x – 11.0x
    ABEO.PA, AI.PA, ANTIN.PA, ATE.PA
  • Peers: P/E88.95 – 239.00 (Mid 137.39)
    20 companies used · median multiple 17.1x · quartiles 11.1x – 29.8x
    74SW.PA, ABEO.PA, AC.PA, ADP.PA, AF.PA, AI.PA, ALBON.PA, ALCIS.PA, ALCLA.PA, ALFER.PA, ALHEX.PA, ALO.PA, ALPWG.PA, ALSOG.PA, ANTIN.PA, ARAMI.PA, ATE.PA, AUB.PA, AURE.PA, BB.PA
  • Dividend discount (DDM)outside the aggregate8.16 – 11.13 (Mid 9.42)
    a small share of earnings is paid as dividends (capital returns through buybacks): the dividend model does not describe the value and stays outside the aggregate

Assumptions (illustrative, editorial)

Risk-free rate
3.0%
Equity risk premium
5.5%
Beta (default)
1.00
Cost of equity
8.5%
Terminal growth
2.0%

Factor scorecard

Insufficient data

Minimum-evidence gate: score weight coverage: 47.9% of at least 60%

FactorValueScoreWeight used
ROIC · Qualityunavailableunavailable—
Net margin · Quality9.7%90 (vs peers)13%
FCF conversion · Qualityunavailableunavailable—
Revenue CAGR 3Y · Growthunavailableunavailable—
EPS CAGR 3Y · Growthunavailableunavailable—
Net debt / EBITDA · Balance sheet-1.6x71 (vs peers)22%
Interest coverage · Balance sheetunavailableunavailable—
Current ratio · Balance sheet1.0x17 (on a fixed band)9%
P/E (TTM) · Valuation17.0x57 (vs peers)22%
EV/EBITDA · Valuation10.0x20 (vs peers)22%
FCF yield · Valuationunavailableunavailable—
Shareholder yield (distributions) · Returns0.4%6 (on a fixed band)13%
Payout ratio (FCF) · Returnsunavailableunavailable—

Factors without a value were dropped; the remaining weights were renormalised.

Score groups

  • Balance sheet56/100 · 2/3 factors with a value
  • Growth· partialunavailable · 0/2 factors with a value
  • Quality· partial90/100 · 1/3 factors with a value
  • Returns· partial6/100 · 1/2 factors with a value
  • Valuation38/100 · 2/3 factors with a value

A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.

Memo

VUSIONGROUP (VU.PA). Latest full fiscal year: 2025; data up to 2025-12-31.

Figures computed from the financial statements: revenue 1.5 bn EUR in 2025; YoY growth 54.2%; net margin 9.7%; ROE 41.1%; net debt/EBITDA -1.6x.

The estimated value range is 90.38–193.59 EUR per share (median of 2 methods, agreement: same basis (multiples on one peer group, not independent confirmations)); assumptions are illustrative. Against the central value of 124.40 EUR, the price of 136.70 EUR leaves a potential of -9.0% (value / price − 1) and a margin of safety of -9.9% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.

Insufficient data for a verdict (score weight coverage: 47.9% of at least 60%).

Text generated deterministically from the figures shown; no language model. Not investment advice.

What supports the thesis

  • Net margin: 9.7%
  • Net debt / EBITDA: -1.6x

What contradicts it

  • Current ratio: 1.0x
  • EV/EBITDA: 10.0x
  • Shareholder yield (distributions): 0.4%

Not assessed (insufficient data or a ratio without meaning): ROIC, FCF conversion, Revenue CAGR 3Y, EPS CAGR 3Y, Interest coverage, FCF yield, Payout ratio (FCF).

Versus the vertical median

Listed companies from France · same country · compared with 39 companies

Multiples and returns vs the median

P/E
17.0x
vertical median 18.3x
below median (−6.7%)
EV/EBITDA
10.0x
vertical median 6.3x
above median (+60.1%)
P/S
1.5x
vertical median 0.5x
above median (+198.2%)
P/B
5.0x
vertical median 1.1x
above median (+374.9%)
ROE
41.1%
vertical median 4.2%
above median (+890.3%)
Net margin
9.7%
vertical median 1.1%
above median (+764.1%)
EBIT margin
7.4%
vertical median 3.2%
above median (+133.3%)
Revenue YoY
54.2%
vertical median 0.6%
above median (+9,103.7%)
Net debt/EBITDA
-1.6x
vertical median -1.2x
below median
Dividend yield
0.4%
vertical median 1.7%
below median (−74.2%)

Price rebased to 100 (monthly, 5 years)

Companies in the vertical

Market capP/EROENet marginRevenue YoY1A / 3A
AI.PAL'air Liquide Societe Anonyme Pour L'etude Et L'exploitation Des Procedes Georges Claude109.3 bn33.212.9%12.2%−2.0%+26% / +32%
AC.PAAccor13.8 bn30.79.6%8.0%+0.6%+6% / +56%
ADP.PAAeroports De Paris11.7 bn34.17.8%5.6%+12.1%−7% / +4%
AKE.PAArkema7.1 bn115.40.9%0.7%−5.0%+12% / −37%
ALO.PAAlstom5.8 bn18.33.1%1.7%+3.7%−51% / −4%
AF.PAAir France - Klm4.3 bn13.6—1.0%+4.8%+20% / +9%
ATE.PAAlten3.1 bn29.54.8%2.6%−1.1%+33% / −29%
BB.PASociete Bic2.7 bn31.35.0%4.1%−4.8%+32% / +5%
VU.PAVusiongroup2.2 bn17.041.1%9.7%+54.2%−35% / +32%
ANTIN.PAAntin Infrastructure Partners1.4 bn13.021.9%36.6%−8.1%−24% / −35%
74SW.PA74software792.7 m20.98.9%8.5%+44.8%−13% / +41%
AUB.PAAubay667.4 m17.813.6%6.3%+11.3%+3% / +45%
ASY.PAAssystem507.1 m69.92.5%1.1%+7.4%−19% / −18%
ATO.PAAtos Se483.0 m—-23,400.0%-17.5%−16.5%−45% / −94%
ARAMI.PAAramis Group298.8 m15.010.0%0.8%+6.3%−33% / −16%
ARVEN.PAArverne Group246.1 m—-14.0%-115.3%+27.0%+20% / −35%
BGO.PACompagnie Chargeurs Invest189.4 m—-8.6%-5.7%−2.9%unavailable / unavailable
ALCIS.PACatering International & Services145.0 m28.49.3%1.9%+5.8%+39% / +107%
ALCGM.PACegedim144.6 m—-2.6%-1.2%+10.9%−26% / −49%
ATEME.PAAteme144.0 m151.32.8%1.0%+2.2%+82% / +77%
ALHEX.PAHexaom144.0 m6.79.9%2.2%+13.1%−32% / +7%
ALBON.PACompagnie Lebon111.7 m16.54.2%8.8%−17.9%+6% / +8%
ALHYF.PALhyfe75.8 m—-33.4%-570.5%+287.2%unavailable / unavailable
ALFER.PASergeferrari Group61.5 m11.55.1%1.5%+7.4%−33% / −27%
ABEO.PAAbeo60.8 m7.36.9%3.0%+12.6%−13% / −54%

1- and 3-year price returns: for VU.PA from daily closes (the same as the performance table), for the other companies from month-end closes.

olivLaw engine forecast

The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.

The engine has no published run for this company yet.

Valuation scenarios (editable assumptions)

Illustrative scenarios

Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.

Bear
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Base
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Bull
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Nothing is saved.

Estimated price (EUR)

Estimated priceBearBaseBull
1 years
97.13
Total return -29% · Per year -29%
170.93
Total return 26% · Per year 26%
256.39
Total return 88% · Per year 88%
3 years
115.21
Total return -14% · Per year -5%
226.05
Total return 67% · Per year 19%
369.20
Total return 172% · Per year 40%
5 years
136.65
Total return 2% · Per year 0%
298.95
Total return 122% · Per year 17%
531.65
Total return 294% · Per year 32%
What moves the 3-year price the most
  • Exit P/E± 56.51
  • Net margin± 39.56
  • Annual revenue growth± 29.50
  • Annual dilution± 3.32

AI analysis

AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

In brief

VusionGroup develops electronic shelf labels and digital solutions for retailers worldwide. The company operates in a market where store modernisation and price competition from Asia shape its strategic direction today.

SWOT

Strengths

  • Leading position in electronic labelling and a research and development strategy supported by significant investment 1.
  • Global presence with research centres in several regions and a network of sub-contractors in China 1.
  • Combination of hardware, software and services that could improve margins over the longer term 1.

Weaknesses

  • Reliance on a largely outsourced industrial model creates vulnerabilities to suppliers and logistics routes 1.
  • Pressure on hardware prices can reduce gross margins and cash generation 1.
  • Slower adoption of advanced solutions by customers can delay expected revenues 1.

Opportunities

  • Still low penetration of IoT solutions in American stores leaves room for expansion 1.
  • Contracts with large US retail leaders can support strong equipment momentum 1.
  • Decarbonisation and digitalisation requirements may open new demand for data and analytics services 1.

Threats

  • A slowdown in the global economy could lead customers to postpone modernisation projects 1.
  • Trade restrictions and geopolitical disruptions can affect supply chains and deliveries 1.
  • Cyberattacks can compromise IT systems and group data 1.

Risks

  • Price competitionhigh

    Aggressively priced competitors from Asia could reduce sales and profitability 1.

  • Geopolitical operational disruptionhigh

    Major external disruptions could interrupt operations for prolonged periods 1.

  • Slowdown in customer demandmedium

    If the economy deteriorates, customers could reduce or defer investments in the group's solutions 1.

  • Dependence on major customersmedium

    An unfavourable change in relations with certain major customers could affect the financial position 1.

  • Cyber risksmedium

    Attacks on IT systems and data can generate costs and reputational damage 1.

Investment thesis

What would need to be true (bull case)

  • If store digitalisation continues and software and service revenues grow in weight, group margins could support higher results.
  • Regional rebalancing towards America and contracts with large retailers could reduce dependence on a single economic zone.
  • Investment in research and development and intellectual property protection could strengthen technological leadership.

What would break the thesis

  • Competitive pressure from Asia could force price cuts and erode hardware margins.
  • If the global economy slows, distributors could postpone transformation programmes, affecting demand.
  • Reliance on outsourced logistics chains and geopolitical tensions could delay deliveries and raise costs.

What to watch

  • Trend in hardware gross margin and in software and services revenuenext 10-K
  • Pace of customer adoption of Computer Vision and Data Analytics solutions2027
  • Americas results and continuation of contracts with large retailersQ1 2027
  • Effects of trade restrictions on the supply chain2027

Products, market & competition

AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

The business

VusionGroup is a group that designs and sells electronic shelf labels, together with associated software and services for stores. Its activity relies on research and development teams in Europe, America and Taiwan, as well as sub-contractors in China 1.

Segments

Electronic labels and hardware

The group's historic activity is electronic shelf labelling, where margins are improved through revenues from associated software and services 1.

Software and services

Computer Vision, Data Analytics and industrial solutions are increasingly important for the group's growth plan and contribute strongly to operating margin 1.

Market context

The market depends on distributors' investment in modernising and digitalising stores. The company has expanded in the Americas, where it considered penetration of IoT solutions still very low 1.

Trends

  • Store digitalisationtailwind

    Demand for electronic labels and digital services depends on distributors' transformation programmes, which could support medium-term growth 1.

  • Economic slowdownheadwind

    If consumption or distributor margins deteriorate, customers could postpone investments in the group's solutions 1.

  • Geopolitical and trade tensionsmixed

    Trade restrictions and disruptions to international logistics chains can affect deliveries, although the group has diversified routes and suppliers 1.

  • Decarbonisation and sustainability requirementsmixed

    Decarbonisation requirements may create opportunities for digital solutions, but they can also weigh on costs and competitiveness 1.

Competitive position

The group faces intense price competition from international players, especially in Asia, who pursue market share through very competitive prices. Consolidation among assemblers and component suppliers could further change pricing pressure 1.

  • International players from Asia

    Competitors practising very competitive hardware pricing and seeking market share, as described in the risk factors of the source document 1.

  • Industrial assemblers and component suppliers

    A consolidation process in this category could reshape the competitive landscape of electronic labelling 1.

  • Digital retail solution providers

    Providers of data analytics and store services may compete for the same digitalisation budgets 1.

  • Display technology producers

    The group works with key value-chain partners, but disruptive technologies could reshape existing offerings 1.

News & filings

In the press

Annual reports (ESEF)

Sources

  1. [1] Annual report, fiscal year ended 2025-12-31 (ESEF) · SEC / VusionGroup · 31 Dec 2025

Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.